What are you doing to safeguard your credit while traveling? Traveling should be an enjoyable, relaxing experience. There are lots of decisions to make when planning a vacation, such as where to go, how to get there, where to stay, what to do, and how long to stay. Taking steps to safeguard your credit will ensure that your trip stays on the right path. There is nothing more relaxing than getting away for a little while. Although traveling can be a joyous, memory making adventure, there are occasions in which things do not go as planned or the unexpected happens.
Here are some tips on how to safeguard your credit while traveling:
- Don’t take all your cards with you. There is no reason all of your credit cards need to go to Mexico, so leave them at home. Take 1-2 cards per person. While enjoying time away from the hotel, just take one card with you and leave the rest in your hotel room safe.
- Use a credit card instead of a debit card. To safeguard your credit, you should stick with using credit instead of debit while traveling. Credit cards tend to offer more protection against loss or theft. If your credit card is stolen, you will be responsible for $50.00 max. If your debit card is stolen or lost, you will be responsible for $50.00 the first two days. After two days, you may be liable for $500.00, and after six months, you may be responsible for all fraudulent charges. Use cash for smaller purchases. For more on credit, debit and cash.
- Watch your card at all times. Never let your card out of your sight if possible. If you carry your cards in your bag or purse, you should avoid leaving them on beach chairs or hanging on bar stools. Keep your purse zipped up and close to your body. Place credit cards in a secure wallet or money belt inside your jacket or shirt, instead of a back pocket.
- Check credit card activity. Set up email and text alerts that will let you know when your cards are being used or when your balance hits a certain dollar amount. You can check your account by going online or calling the 1-800 number on the back of your card. Make sure cellular service is available at your destination, and the 1-800 number is accessible in foreign countries. Program the emergency number into your phone.
- Notify your bank before leaving. Secure your credit and cards by calling the bank before you leave on your trip. Let them know where you are traveling to and the dates you will be there. Not only will this safeguard your credit, but your card will not be embarrassingly suspended for suspicious activity.
- Save your receipts. You will need to check your receipts against your credit statement. Be sure to check for double charges or overcharges, and your purchases are verified and legit.
To safeguard your credit, you should use your credit card to buy plane tickets, reserve hotel rooms or rent a car. You will be protected against charges for goods and services that were never received thanks to The Fair Credit Billing Act. For more travel tips, click here.