10 things to know about your credit card when you go on vacation abroad

When traveling abroad, there is nothing more secure than a bank card with an international banking background that is “travel-safe” with the right settings. At the start of the travel season, we’ve gathered the answers to ten basic questions that most often arise before a vacation abroad.

1. Is a credit card really the safest way to pay on the go?

Because of the related services and security solutions, a credit card offers more than just cash, and this is especially true when traveling. However, security can only be guaranteed by the bank, the technology, and the responsible use of the card. It is very important that we never leave our credit card unattended or in a place visible to others and do not lend it to anyone – not even a close family member. How to start and promote a summer side business

We treat the PIN code confidentially, do not disclose it to others, do not write it down and, above all, do not keep it with the card – CIB Bank warns in its announcement. Our money is also protected by individual daily purchases and cash withdrawal limits tailored to the needs of your trip. The ATMs always ask for the code for transactions: in this case, never say the PIN code out loud and always enter the numbers with your own hand, covering the number plate with your other hand.

Shopping with a digital wallet further enhances security:

at the time of payment, neither the servers for that device nor the application’s servers store the full card number, nor do they share it with merchants,

nor does it store transaction data that could be traced back to the customer.

2. What limits are worth setting?

Make sure that the purchase and cash withdrawal limit is not too low – as higher expenses can easily occur abroad – but also that it is not absolutely justified to provide protection in the event of unauthorized receipt of the card. 5 tips for creating an original business card

3. Is it worth informing the bank if we are traveling abroad?

Yes, it is advisable to indicate where for how long we are traveling; this way, the bank can make sure that the temporarily changing card usage patterns occur in connection with the trip. For example, if you are going on a car cruise in Austria, refueling, and paying for restaurants and hotel bills there is a natural part of the trip. If, on the other hand, the cardholder is in Hungary, similar unexpected expenses may even indicate the theft of the card. What are the Payment Methods That Can Be Used in E-Export?

4. Is there a hidden cost to shopping abroad?

No, buying with a foreign card will not be an unpleasant surprise afterward.

5. Do we pay for purchases in local currency or HUF?

If you pay abroad with a CIB card or withdraw cash, it is not worth paying in your own currency in 90-95 percent of cases, because

it is almost certain that the CIB will convert the forint into the local currency cheaper than the foreign acceptor.

However, it is worth choosing your own currency exchange if very large changes are expected in the foreign exchange market and you do not want to expose yourself to the risk of a significant exchange rate movement within a day. Creating a Greeting Card: Free Online Greeting Card Maker

6. How to ensure the security of our data abroad?

The main rule of using a card abroad is that our data must be protected in the same way as at home, but – if possible – with even greater care! It is very important that

Our bank does not ask for individual data related to the bank account or cards – such as IDs, account numbers, or PINs – by phone or e-mail abroad.

So if such a question comes up, it should be ignored. The PIN code cannot be requested by anyone, not even the police.

7. Are there any special rules for using a credit card abroad?

A credit card is basically for shopping. Do not use it to withdraw cash, if there is a way to do so, as it costs high and may be more prevalent abroad.

8. Does my card have travel insurance?

It always depends on the card design. Before departure, it is advisable to check on the bank’s website whether the card is covered by travel insurance and, if so, exactly what it contains. With this information, we can decide if it is worth taking out separate travel insurance.

9. Where can I find information about card company discounts, such as airport services?

Information on discounts and the exact terms of claiming them can be found on the websites of both the card company and the bank. It is always a good idea to read these before you travel so as not to miss any favorable opportunity. What is Local SEO? Why local SEO is important?

10. What should I do if my card is lost or stolen?

In such a case, the card must be blocked immediately on the telephone number provided by the bank for this purpose. If you are going on a trip, it is not worth leaving this phone number at home in the same way as a credit card.

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