Summer vacations may be right around the corner for you and, if so, its likely that the issue of how to use your credit card is on your mind. There is a range of ways for you to have a hassle-free credit card vacation but you must remain vigilant at all times and should follow some basic rules to avoid problems.
MUST READ: Think You Know Miami? Think Again
Now may also be an opportune time, if you’ve just returned from a vacation, to reflect on some of the credit card-related mistakes you made. CreditCard.com suggests the following:
1. Let your credit card issuer know your plans.
If you fail to update them, your unusual location may be flagged and cause them to block further charges, since the issuer may think that your credit card or account data has been stolen. Although it is easy enough to call the issuer if a shut-off occurs, there’s often a delay before you can re-access your credit.
2. Retain the receipts from your vacation spending.
That will make it easy to ensure there are no unusual charges when you get your statement, since you do not have the same rights to dispute charges made while abroad as you do back in the U.S. In case anything crops up later on a credit card statement, hang onto receipts from foreign countries for longer than you normally would.
1 2 Next page »
