Money- Travel cards, credit cards, travellers cheques?
Replies: 8 - Last Post: Feb 18, 2013 7:24 PM Last Post By: PhiMeow
Feb 17, 2013 2:05 PM
Money- Travel cards, credit cards, travellers cheques?My first post on here so apologises if this has been covered somewhere else?
Going thailand in April for 2 possible 3 months and was wondering whats the best, cost effective way of taking money. I dont currently have a credit credit card myself and believe debit card would charge for oversees transactions?
The company i booked flights with suggested the travel card idea, where you load money on them, which sound good if its free to get money for ATMS, but some charge monthly fees and to retrieve any money left in account at end of travels. Others have also said travellers cheques. I'll be looking to have around 2000-2500 spending money for the trip
Was wondering what others think the best way to do it is? Would appreiciate the help as my head spinning with all the different suggestions.
Feb 17, 2013 3:17 PM
1Only a couple of days ago there was this advice, look here
Feb 17, 2013 6:21 PM
Feb 17, 2013 6:51 PM
3Cash, travelers checks and debit card works out okay. Have a credit card for emergencies that may come up. (Don't rely on a single debit card for all your money. It can be stolen, damaged or lost!)
For cash don't bother with small bills, bring the largest denominations to save room in your wallet. Travelers checks offer protection and also get a little more in the exchange rate compared to cash. There is a fee to cash a travelers check of 33 baht which is cheap compared to the ATM fee.
If you are flying to Thailand from long distance a round trip flight will probably save you a lot of money compared to 2 one way flights! So it would pay to narrow down a return home date! Also you will need visas you pay for to stay all that time in Thailand.
Feb 17, 2013 6:58 PM
4OP - for some one who does not have a credit card and is concerned with ATM fees for debit cards, take traveller's cheques - American Express if possible and if it does not cost you a lot. It's relatively secure and only costs 33 baht per chq to cash at any Money changer or bank in Thailand. As noted above, take large denominations like $100 or $200 to minimise the fee.
And take note of the comments re: visa requirements. A single tourist visa (60 days stay) can be extended for another 30 days at Immigration, or just get double entry visa (will require you to exit Thailand at least once).
Feb 17, 2013 11:19 PM
5I'm more of a low-budget traveller, but I still found a credit card to be useful, mainly for internet purchases/flight-hotel reservations in the event that I have to do that. I don't use a CC for everyday payments or for cash withdrawals.
Costs related to a debit card can be provided by your bank. Be informed. Don't make decisions based on
Bring a big wad of cash if you're not too concerned about the consequences of losing it. Nothing radical or brave about it. The whole point of traveller's cheques in the first place was as a form of insurance. Like any insurance, take it or leave it. Your choice.
Other than that I always have a small stash of US$ for emergencies, visa payments, etc. Depending on length of trip, a few hundred, a h8undred in small bills as well.
BTW I always saw better exchange rates posted for travellers cheques than for cash, esp. at FOREX offices.
Bottom line for me .. have backups for everything. Don't depend on just one option.
Feb 18, 2013 3:01 AM
6My previous trip last year , i took £2000 worth of Euro Travellers cheques two debit cards with an equal amount of cash on them both , and of course a credit card for back up and too use for flights or any occurring emergency's and four hundred Dollars in cash for visa's and convenience of use ...
The travellers cheques i used solely in Thailand just for the 33 Bht exchange on them , and ATM in India and Cambodia ....
But yes Travellers cheques are the way to go in Thailand ...
Feb 18, 2013 12:50 PM
7Cheers for the feedback guys. To the flights question, i have a mulit flex thing were i can change the flights dates up to 3 times for free so that gives me a bit of flexibility with the dates, and yes ill be getting the double entry and if i decide to extend stay go cambodia or malaysia and come back into thailand.
Think i might get a credit card because i no my bank keep sending me stuff to get one and use it just for emergencies. And like people have said take some travellers cheques, and cash in high bills. Then have debit card with money on as well.
Cheers for the help guys.
What do you make of the Travel Cards then, are they a bit of a waste of time. Suppose there good for budgeting though?
Feb 18, 2013 7:24 PM
They do have a positive aspect in that they are secure since the card is not tied to your bank account.
Kochi (Cochin)Book now
(0 star Hotel)
From US$4.42 per night
Ko ChangBook now
(3 star Hotel)
From US$41.04 per night
Mumbai (Bombay)Book now
(5 star Hotel)
From US$193.64 per night