Travel Money

Reply

Mar 25th, 2002, 11:45 AM
  #1
Chris
Guest
 
Posts: n/a
Travel Money

Has anyone ever used a Visa Travel Money Card? It workes like an ATM card. Travelex and AAA offer them. Is there really an advantage over a regular ATM card or credit card?
 
Reply With Quote
Mar 25th, 2002, 01:05 PM
  #2
anon
Guest
 
Posts: n/a
Only the tiniest advantage over a regular card.

But the one to get is the Enron Travel Money Card. Unlimited cash withdrawals, and they come out of Ken Lay's bank accounts, not your own.

 
Reply With Quote
Mar 25th, 2002, 01:20 PM
  #3
DumbBlonde
Guest
 
Posts: n/a
Cooool! Will get one asap.
 
Reply With Quote
Mar 25th, 2002, 04:35 PM
  #4
David
Guest
 
Posts: n/a
Chris

I have on my last trip to Europe and found it a far better proposition to Travellers Cheques.

The advantage that I found was that it was your money you were using so the charges to get to it were very small (really it is simply a security thing that you are paying for) as opposed to withdrawing money from a Credit Card and their exhorbitant charges. Also 99.99% of ATM's accepted the card. Another advantage is that you were also able to get an account balance so you always knew how much was left. This way when you returned from your trip you only had to worry about the items that you had charged on your credit card and not the entire trip. You also can get extra cards for others that are travelling with you.

The normal replacement card policy of Visa etc applies to this card as well.

David
 
Reply With Quote
Mar 25th, 2002, 05:46 PM
  #5
Chris
Guest
 
Posts: n/a
David:
Thank you for your advise. Would you say that a simple Visa debit card would do as well, provided I have the funds to cover my transactions?
 
Reply With Quote
Mar 26th, 2002, 10:27 AM
  #6
Christina
Guest
 
Posts: n/a
Perhaps it varies by vendor, but the terms I've seen on those VISA Travel Money cards make them a scam. so be sure to check fees. The main purpose I thought was for people who don't have ATM cards, otherwise it doesn't make sense. It can be good for parents to buy for college-age kids without an ATM card traveling without them, for example. However, the ones I've seen charge a sales commission on the amount of the card when you buy it (like 1 pct) and then charge ATM fees higher than many banks (ie, $3 per usage). You would also have to check the exchange rate they use as it may not be the wholesale bank rate, either. There is an obvious advantage over a cash advance on a credit card, as you pay interest charges as well as transaction fees for those. I can see no advantage whatsoever over a regular ATM card. I'm not familiar with VISA debit cards, but if that is just a bank ATM card and not a credit card so you won't pay interest on withdrawals, then I'd say you should use that.
 
Reply With Quote
Mar 26th, 2002, 10:32 AM
  #7
Steve Mueller
Guest
 
Posts: n/a

One disadvantage of a debit card is that there is no third party to intervene in the case of a dispute. If a purchase turns out to be damaged, etc., there is no credit card company to settle the issue. The seller already has your money directly from your bank account.
 
Reply With Quote
 


Thread Tools
Search this Thread
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On


FODOR'S VIDEO

All times are GMT -8. The time now is 06:24 PM.