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Cash vs. Eftpos/credit card

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Nov 18th, 2013, 12:26 AM
  #1
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Join Date: Jun 2013
Posts: 46
Cash vs. Eftpos/credit card

Hello all! Not too long until our big trip now, 32 days until we spend 32 days in South America!

Just a little question. I've booked all our accommodation for the trip online choosing to pay later (when we check in) and so our rooms are reserved.

Do most places prefer cash or Eftpos/credit card? Is there a large fee to use card? And if we pay in cash, is a discount offered to us?

Just trying to decide how much cash we should have on us, or if we should mainly keep everything Eftpos related.

Thanks heaps
sammybuttons is offline  
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Nov 18th, 2013, 08:44 AM
  #3
 
Join Date: Feb 2006
Posts: 22,515
You're going to four countries according to your tags, therefore there is no one answer. Take USD for Argentina and exchange at the blue rate, or bargain for that rate at your hotels. For other countries take an ATM card and a credit card (have no idea what Eftpos is). Tell the companies you're traveling. Ideally have accounts that don't charge foreign conversion fees (e.g. Capital One is you're from the US).
thursdaysd is online now  
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Nov 18th, 2013, 11:15 AM
  #4
 
Join Date: May 2004
Posts: 6,546
It would help if you told us what country you are from as banking charges vary dramatically for cards from country to country. US and Australia tend to be very expensive whereas UK is very inexpensive. By and large credit cards gender to be the most expensive way of paying for stuff or withdrawing cash especially in South America where hotels and restarants will often add on a loading to cover themselves for CC charges ( sometimes as much as 10%) cash withdrawals via cc also attract interest form the date of withdrawal and again are subject to ATM fees.

You best bet is to check with you bank to find out EXACTLY what charges and fees they will levy on ATMs withdrawals and foreign currency payments. Pre loaded debit cards are the cheapest way for Uk bank account holders to get cash abroad but it seems that is not the case for some other countries Cash rules in Argentina!

PS few countries other than Australia refer to Debit cards as eftpos any more
crellston is online now  
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