Whether it’s pleasure or business, knowing the best card to use when you travel to Europe can save you lots in unwanted fees and charges.
The Euro was introduced in 1999 as a show of economic solidarity for countries within the European union.
For Australians journeying to the Euro Zone, understanding the difference between travel cards, debit cards and credit cards – and which is best for your travel needs – can make your trip less stressful.
Where Can You Find the Best Travel Money Rates for Euros?
The Internet has made it easy for anyone to compare exchange rates. This is the most time and cost effective way of comparing travel money exchange rates.Alternatively, you can choose to explore different rates and fees with the following banks and money changers here:
Find the Best Way to Exchange Currency
How Much Money Do I Need to Take With Me to Europe?
This really depends on which city you are visitng, duration, budget and lifestyle. Whether you’re planning to skimp or splurge, this guide will give you a general overview of how much money you’ll need to bring to Europe.
|Daily Budget||Paris, France||Berlin, Germany||Rome, Italy|
Hotel: €25/ night
€20 per night
from $250 per night
€12 – 15
$25 – $40 per person
$60 – 100 per person
|€1,80 per single ticket||Car rental, budget range
$30 a day
|Car rental, luxury range
$90 – 250 a day
*All prices are in Euros and are an estimate
8 Things You Should Know About Currency Exchange
To check out our top 8 tips when buying currency, click here
The Best Card To Use In Europe
Visa and MasterCard are both accepted widely across Europe
It’s important to remember that not all countries have adopted the Euro so if you are planning a trip, it’s important to remember that these countries still use their own currency:
- Czech Republic
For travel to any of the countries listed above, make sure you convert Euros to the local currency before completing your transactions.
If you favour credit cards for travel, do your research. Some credit cards are more expensive than others.
Overseas credit card use attracts additional fees and charges related to conversion rates, so speak to the card provider to ensure you understand the fees before committing.
International ATM fees can add up very quickly. It can be avoided by doing over the counter transactions. Loading up your card with your own money is another way to avoid cash advance rates but be aware that, by doing this, you may waive some of your protection against fraud.
Travel insurance is always critical so speak to your travel agent about the level of protection you need to make sure you’re covered.
Using Your Debit Card in Europe
The alternative to a credit card is a debit card you can use to make purchases over the counter or via the ATM.
There are still fees – mainly to do with international currency conversion and, with some cards, they are higher than others. Compare pricing before making your choice. Some Australian financial institutions have relationships with overseas banks and this can mean waived or reduced fees and charges for ATM use.
For up-to-date information on the best card for your European travel needs, talk to our team of currency experts at The Currency Shop for accurate advice.
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