We will be moving out of the US later this year (Costa Rica and
Ecuador and wherever else our whim take us). Our current
Mastercard does not have overseas coverage. Can we get
recommendations of both Mastercard and Visa cards that have
where are the bills going? my wife just did a month in europe using her
chase business visa, and they don't charge a conversion fee on every
transaction to convert from euros to dollars. she just paid the current
"Moving" or "extended traveling"?
Which currency are the bills going to be paid in--local or US $? If you
go w/ a US-issued card, they'll do the exchange at however they choose;
if you're in a place for a long-enough time it may pay to move currency
via a regular financial institution and use local.
When business traveling in (primarily) England w/ some other locations
the AmEx Small Business card worked very well and had generally
favorable rates applied only on the monthly balance. I have no
experience on personal cards overseas altho I'd think perhaps if offered
one from the banking institution with which you deal routinely would
perhaps be as good as it gets.
We travel a lot and your's is the first instance I have heard of where a
mastercard or visa cannot be used overseas. Are you certain of that?
Both mastercard and visa charge a 1% fee for foreign transactions. I
think capital one eats that fee, but most banks pass it on to you. Some
add to it, so avoid them. I have read that some investment firms issue
a no fee card, also. I use USAA federal savings bank, which is
consistently highly rated. I can access all my accounts by the internet
and move money around when I get a little overenthusiastic with my
credit cards. You should also get a debit card to withdraw local
currency from ATMs wherever you are.
I would not bother with an american express card; many overseas
merchants do not take it.
On Sat, 02 Jun 2012 10:58:47 -0400, Notat Home wrote:
Yeah, I thought that too. I've traveled a lot and it's never been a
problem - although only ever with cards that have been issued overseas,
so I'm willing to believe that it might be feature of US card
To clarify some points: There is no problem using our credit or
debit cards overseas. But support from banks while overseas is.
When last in Costa Rica we had a problem, the bank was closed,
it did not have an international number, and my phone did not
have international service. We need a card with 24/7
We have homes in Costa Rica and Ecuador which will our billing
addresses. And we will be traveling. Ecuador uses American
currency so there is no conversion problem there. A card issued
in CR and paid in Colones is a good idea. We will at least have
a CR debit card.
We have not experienced any hostility in either Costa Rica or
Ecuador (quite the contrary in Cuenca, Ec). People are people
and if you are polite and friendly they will reciprocate.
In the above mentioned case the airport car rental place could
accept only the card used for the reservation and it was frozen.
I had informed the bank of our trip to CR but I had just
subscribed to a a soccer streaming service and didn't know it
would be charged from the U.K. It was a unlikely conflux of
circumstances that would have been merely an inconvenience at
home. After a friend had her purse stolen in Rome I always
carry two cards in two places but my second, high tech card
would not work everywhere in Costa Rica.
Thanks to those who responded,
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