Travel Cards/ Credit Cars in South America
Replies: 10 - Last Post: Sep 23, 2012 2:50 PM Last Post By: hazzdawg
Sep 20, 2012 12:51 AM
Travel Cards/ Credit Cars in South AmericaHey Guys,
A group of 8 friends and myself will be doing a 10 week holiday through Brazil, Colombia, Argentina and Mexico starting in November.
Was just wondering if anyone had some good experiences of buying or using travel cards overseas or any information on them?
At the moment the Comm Bank card is looking the most viable option.
Sep 20, 2012 2:06 AM
Sep 20, 2012 2:24 AM
Sep 20, 2012 5:27 AM
Sep 20, 2012 2:38 PM
Sep 20, 2012 9:21 PM
Sep 20, 2012 11:35 PM
6I have a credit card that allows oversees withdrawals without a charge from the provider. However the bank you are making the withdrawal from can charge.
From memory I was charged in argentina and chile but not in Bolivia. I don't think I was charged in peru but can't remember.
Sep 21, 2012 12:37 AM
Sep 21, 2012 3:08 AM
Sep 21, 2012 8:22 AM
9No fee for me means both not withdraw and no fx fee and there are cards like this in the almost any market (in Poland Citi one offers something like this, but card currency is EUR, I'm unaware of any cards like this in PLN)
Schwab for US
28 deg - for OZ
Nothing for Canada as far as I know
(the closest is Select Service in TD, no ATM fees, but they strike you with 2,5% FX fee)
Anybody from UK that can recommend something similar? We can make a list and ask to make it a sticky as this question is asked over and over again.
Sep 23, 2012 2:50 PM
10As the OP is Australian you have some options but they are limited. Following info is for Australian debit/credit cards suitable for travelers.
At the moment the 28 degrees master card is your best bet. There is no international transaction fee and the forex rates are very good, similar to what you see on xe. This is a credit card so you must be approved to receive one and remember to top it up to avoid absurd interest rates.
Citibank have an account called Citibank Plus which offers similar benefits to 28 degrees. Online reviews say the forex rate is good and there is not transaction fee. However, there are a lot of complaints about their customer service. It's a visa debit, not credit card. It's also a fee free account so you could leave it idol for years between trips without paying anything. I've actually ordered this card and waiting for it to arrive in the mail, hopefully it's good :-) Personally I found the account very easy to open even from overseas. Whether or not the Bolivian postal service delivers the card is another story.
NAB used to have a very good option called Gold Banking but it has been recently scrapped.
Travel cards that you preload are useless in SAM because you cannot load them with local currency (except in Ecuador with $US). Those types of cards are only useful for Europe, USA, UK etc. Even then you are better off with 28 degrees or Citibank.
Try using any normal ATM debit card and you will get royally screwed. Most charge around AUD$5 plus 2-3% of the transaction. This works out to be around 5% of your hard earned cash going straight to one of the "big four". I worked out I could save $1000 (on a 20K trip) in ATM fee's by changing banks when I left home some 18 months ago. Definitely worth the effort.
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