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When travelling abroad, having a reliable ATM card can make your life a lot easier. Not only does it allow you to withdraw cash in the local currency, but it can also offer competitive exchange rates and low fees. However, not all ATM cards are created equal, and some are better suited for international travel than others. In this article, we’ll take a look at the top options for the best ATM card for international travel.
1. Charles Schwab Debit Card
The Charles Schwab Debit Card is a popular choice for international travellers due to its lack of ATM fees and foreign transaction fees. This means that you won’t be charged for withdrawing cash or making purchases abroad, and you’ll get a competitive exchange rate. Additionally, Charles Schwab will reimburse any fees charged by other ATMs, which can save you a lot of money in the long run.
2. Capital One 360 Debit Card
The Capital One 360 Debit Card is another great option for international travel, as it offers no foreign transaction fees and a competitive exchange rate. However, there is a $2 fee for using non-Capital One ATMs, so you may want to plan ahead and locate a Capital One ATM in your destination.
3. Bank of America Travel Rewards Card
If you prefer to use a credit card for your international travels, the Bank of America Travel Rewards Card is a good choice. It offers no foreign transaction fees and earns you 1.5 points per dollar spent, which can be redeemed for travel rewards such as flights, hotels, and car rentals. Additionally, if you’re a Bank of America Preferred Rewards member, you can earn up to 75% more points on every purchase.
4. Chase Sapphire Preferred Card
Another popular credit card for international travel is the Chase Sapphire Preferred Card. It offers no foreign transaction fees and earns you 2 points per dollar spent on travel and dining, and 1 point per dollar spent on everything else. These points can be redeemed for travel rewards or transferred to other loyalty programs at a 1:1 ratio. Additionally, if you spend $4,000 within the first 3 months of opening your account, you’ll earn a sign-up bonus of 60,000 points, which is worth $750 in travel rewards.
5. American Express Platinum Card
If you’re looking for a premium credit card with lots of perks for international travel, the American Express Platinum Card is worth considering. It offers no foreign transaction fees and earns you 5 points per dollar spent on flights and hotels booked through Amex Travel, and 1 point per dollar spent on everything else. Additionally, you’ll get access to airport lounges, concierge services, and other travel benefits. However, this card comes with a hefty annual fee of $550, so it may not be worth it if you don’t travel frequently.
FAQ
| Question | Answer |
|---|---|
| What is the best ATM card for international travel? | The best ATM card for international travel depends on your preferences and needs. Some good options include the Charles Schwab Debit Card, Capital One 360 Debit Card, Bank of America Travel Rewards Card, Chase Sapphire Preferred Card, and American Express Platinum Card. |
| What should I look for in an ATM card for international travel? | You should look for an ATM card that offers low or no fees for foreign transactions and ATM withdrawals, as well as a competitive exchange rate. Additionally, you may want to consider a card that offers rewards or other travel benefits. |
| Do I need a credit card or a debit card for international travel? | You can use either a credit card or a debit card for international travel, depending on your preference. However, it’s a good idea to have both in case one doesn’t work or is stolen. |
| Can I use my ATM card in any country? | You can use your ATM card in most countries, but it’s a good idea to check with your bank or card issuer beforehand to make sure that it will work. Additionally, you should notify them of your travel plans to avoid any issues with fraud alerts. |
| Do I need to activate my ATM card for international travel? | Some banks require you to activate your ATM card for international travel, so it’s best to check with them beforehand. Additionally, you should make sure that your PIN works abroad, as some countries may have different rules or restrictions. |
Conclusion
Choosing the best ATM card for international travel can save you a lot of money and hassle. By selecting a card with low fees, a competitive exchange rate, and other benefits, you can enjoy your travels without worrying about the cost. Consider the options mentioned in this article and compare them to find the one that suits your needs best. Bon voyage!