BANGALORE: Planning to go abroad? Wait! Before booking your tickets and packing your bags, have you given a thought about finances before you travel? You might have sufficient funds in your bank account to spend lavishly abroad but then what about the credit card? Credit cards are handy but while travelling you need to be extra careful or else you might end up losing all your money in a foreign land.

Here are few credit card tips while you travel abroad:

1. Watch out for the conversion fees: Conversion fee, one of the important things to check while you travel abroad, is nothing but 1 percent of your purchase amount. Most credit card issuers tend to charge currency conversion fees for foreign purchases made with your credit cards, debit cards and ATM cash withdrawals. This fee is exclusively depends on banks as different bank follows different guidelines. Therefore, some banks charge and some do not. If you own many cards then it is advisable to call up the issuers and find out which card will give you the best deal on currency conversion. Mostly many ATM machines will have the best possible exchange rates and lowest fees with the conversion charge.

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