One of the safest and most convenient ways to pay for expenses while on vacation is credit cards, however, they can be stolen and often quite easily.
Thieves often pick heavily populated vacation spots to grab their opportunities, so protect yourself this vacation season by taking some smart precautions before you leave home.
If it is your regular practice to carry numerous credit cards, the first thing to do is to pare down your assortment.
After examining each card you have, find out which ones have the lowest interest rate on purchases made with them, the highest credit line limit and the how much credit is still available in the credit line. Pick out two credit cards and leave the others behind, then you will have a backup card; after arriving at the vacation spot you have chosen, place one card in the hotel’s safe or your in-room safe, if there is one.
If you have a home safe, put the other cards in it while you’re away; if not, consider storing them in a safe deposit box at the bank. When a house looks unoccupied, it attracts the attention of burglars; do not leave your credit cards or any other type of charge card in your kitchen cabinet or a desk drawer, because that is like leaving them in plain sight.
Place all of the information for contacting the issuers of your credit cards into a safe area of your luggage. On vacation trips purses, wallets and suitcases can be lost or misplaced, so it may be wise to make extra copies of the information to carry somewhere else.
Under the terms of the Fair Credit Billing Act, your maximum liability for charges on a lost or stolen card is fifty dollars and some card issuers have zero-liability policies.
It could be smart to inform your credit card issuers that you will be going on a vacation, how long you plan to be gone and where you are planning to stay because some card issuers send up red flags on your account when they notice excessive activity on your credit card. When the credit card issuers are not informed about your vacation plans, they might place a freeze on any charges that haven’t been previously authorized.
Making credit card purchases while on vacation has a second benefit, that of protection against theft and loss; when you buy something on vacation and it is stolen you can get a credit added to your account by notifying your card issuer of this.
If you are having a hard time getting the merchandise you have ordered or if the delivery of it was on time but the item was damaged when you got it, this mess can be straightened out easier if the purchase was made by credit card.
If you are traveling, you can get in on some fun adventures that could tire you out, stress you out and tap you out, however, if you keep good track of your expenses with credit cards you will have a better idea when to stop the adventure seeking.
Visit JSNet.org for more information on credit cards available and also great deals on balance transfer credit cards. JSNet.org also have more of Alisdair Cosgrove’s great articles including ‘Reconsider That Charged Purchase‘, visit today to read more of these great credit card articles!