Thursday, March 31, 2022

5 biggest travel mistakes

 At home, with your complete wardrobe available, there's no reason not to run through work, workout and working-the-clubs outfits in a single day.

1. Using a credit card to get cash




This is the fastest way of paying through the nose for the privilege of paying through the nose.

Credit card companies charge a high transaction fee (up to 15%) for using a card to get cash.

These special transactions also attract a higher associated fees than other purchases: the ATM-owning bank will charge a fee; if you're withdrawing a foreign currency the exchange rate will be miserly; and if you're not paying off your balance each month, credit card companies in some countries will apply your partial payments to normal purchases (with a lower interest rate, say 9%) before applying them to those cash advances (which have a much higher interest rate), milking your desperation for every pitiless penny.

2. Not checking your phone plan before traveling abroad

What you call "international roaming" your phone carrier calls "shareholder dividend!"

A week of texts from Singapore or St. Lucia shouldn't cost more and hurt worse than open heart surgery. But it happens all the time to travelers who fail to check their phone plans before departure.

3. Not changing money at the airport

When traveling internationally, the conventional wisdom is that only amateurs change money at the airport, because the exchange rate for foreign currency will be better in town.

It usually is, but often not by that much.

A recent check of the dollar-to-pound exchange rate in London Heathrow was $1.71 to £1 (with no commission for changes more than $300).

Near Oxford Circus the exchange rate was advertised at $1.62 to £1, also with no commission.

Using these rates, converting $300 at the airport would get you £175.43 as opposed to £185.18 on the street.

So, you can hit the city like a cashless bumpkin and spend an hour hunting up an acceptable place to change money or, for less than £10, arrive with some local coin in your pocket.

Convenience factor alone makes it worth changing at least a nominal amount of cash at the "ripoff" place at the airport.

4. Not buying the full insurance policy

We're not a bunch of free spenders -- except when the boss whips out the company credit card at the pub -- but a lot of the mistakes on this list come down to adding a significant amount of stress to your life in the name of saving a few bucks.

If you actually end up needing the travel insurance you purchased (a move a significant percentage of our staff thinks is silly in the first place), you're going to want the full coverage.

Just because you're in a country where the beer is cheap, it doesn't mean the healthcare is.

That bargain insurance policy might pay for your flight home when you crash your motor scooter on a winding road in some island paradise.

But it won't cover the $5,000 in stitches and sponge baths you racked up during your three-day international hospital stay.

5. Fearing street food

No one wants to get sick on vacation, but why travel all the way to Thailand or Mexico and not eat the local grub?

The locals don't like food poisoning any more than you do. If they're in line, consider the place vetted and assume you're going to be fine.

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