With the holiday season approaching, you may travel to the far off reaches of the country to visit friends and loved ones or you might just be staying at home. The holidays are a time of year when you should be extra careful with how they use your credit. Overspending and possible ID theft are concerns that you should be aware of during this time of year. By following these tips, you can make sure your credit does not get out of hand this holiday season.
Alert your provider beforehand
It never hurts to be overly cautious when traveling. And this goes for credit too. However far you are traveling, it may be wise to call your credit provider beforehand and let them know where you are going. It may not be essential if you are traveling from state to state, but if a credit company sees a transaction out of the country without being told beforehand, they may place a hold on the card. A quick call before you head out on your travels will help prevent card-related headaches during your trip.
If you have decided to become a world traveler and venture outside the county, be wary of credit card fees. A few credit cards will charge foreign transaction fees, which can be as high as 3 percent which can really add up over the course of your trip. You can avoid these fees by simply heading to the ATM before a trip. Using cash instead of credit during a trip can help you avoid cost charges.
Have a backup plan
A trip can be quickly ruined if you discover that your card has been stolen or your account has been hacked. If you fall victim to theft or fraud, your first step should be to call your credit provider and alert them. Your provider will likely then cancel your card or put a temporary freeze on your account. It's also a good idea keep an extra card separate from the rest of your cards and cash so you have a backup in case your wallet is stolen.