Choosing a credit card for travel

When you make out a plastic card for a rest, the main thing is not to chase after some unattainable ideal, but to set priorities correctly. Think about how and where you are going to spend your vacation, evaluate your abilities and desires and decide which bank services you need, and what you don’t need. Remember your approximate amount of spending on previous trips. And compare different sentences – there are really a lot of variants. And there are the criteria by which you should do this.


1. Terms of a credit card. These are the most important parameters of the credit card, which we talked about above:


The limit of funds on the card. The spread is large, this amount for different banks ranges from 60 to 750 thousand, the average limit is 300 thousand rubles. - Grace period. As a rule, it is 50−60 days, but now there are offers with a longer period of interest-free return of money spent by you, even up to a year.


The rate after the grace period. It is also very different for different banks and can be from 10 to 35%.


Ways to repay the loan. It is an important parameter. It happens that you can only return what you spend at the bank branch, which, of course, complicates the task. Therefore, it is desirable that there are several channels to return funds to the account, and it would be convenient for you to use them at the right time.


2. Where to go: Visa vs. Mastercard


Now we decide which card with which payment system will suit you: Visa, Mastercard, or, maybe, MIR. Here you need to talk a little bit about what the payment system is. This is a service for transferring money in electronic form from one side to the other. This could be the dollar (for Visa), the euro (for Mastercard), or the currency of the country in which this payment system is operating (as with our WORLD cards). Exchange rates of payment systems are the same for all banks.


The currency in which you have the card account is also important. If you need the card for traveling in Russia, then the easiest way is to make it the ruble - after all, you will pay in rubles everywhere. And if you go abroad, there are nuances. Our task, in this case, is to avoid unnecessary currency conversion during the trip. And it can even be triple - and the losses on the difference in rates, in this case, will not please you. Explain with examples.


Visa: going to the United States. Visa is an international payment system and operates worldwide. Its base currency is the dollar in which all operations are carried out. Therefore, it is beneficial to take such a card to those countries where you will perform all operations (credit card payments, cash withdrawals, transfers) in dollars. This, of course, above all the United States. When will the conversion happen? Suppose you have an account in rubles opened on your Visa card. Arriving in America, you pay by the bank transfer (on the price tag are, of course, local bucks), and your rubles from the account are converted into dollars at the rate of the payment system. It is quite possible to avoid this transfer of currency - gathering in the US, we start an account immediately in dollars, then we will not need any conversion.


Mastercard: going to Europe. It is also international, but with Mastercard, all payments are made in euros. By analogy with the previous example, it is clear that it is more suitable for the eurozone. Everything is the same: we open an account on the card in euros, and in Europe, all operations on the card pass without unnecessary conversion.


When a conversion is inevitable: Asia or Africa. In the countries of Asia or Africa (as well as, for example, in the Czech Republic, where the Koruna is running), having a ruble account, you may encounter double conversion. This is when rubles from the card will first be converted into the currency of the payment system (euro or dollar), and then into the local currency. The conclusion is logical: we start an account immediately in dollars or euros. For countries of Southeast Asia, Latin America, choose Visa and dollars, for Africa - Mastercard and Euro. We can add that the first payment system covers 200 countries of the world, the second - 210.