Two-thirds of Aussies use credit cards on holiday

Tuesday 05 July 2011

Article by Mozo

While on their breaks abroad, two-thirds of Australians use their credit cards to pay for goods and take out cash, new research shows.

Most Aussies use credit cards while abroad

However, according to a study conducted by ING Direct, one-quarter of those polled said the fees they incurred were "higher than expected".

Brett Morgan, executive director of the firm, told National Features: "Managing your card and cash well overseas can make a big difference to your travel budget."

He advised those heading to another country for a holiday to be aware that they may face a local ATM operator fee.

The expert also suggested notifying banks about any intentions to travel abroad to prevent the financial institutions from suspending accounts due to "suspicious" transactions.

Last month, many Aussies were unexpectedly required to use their credit cards to purchase transport and accommodation after their flights were delayed due to a volcanic ash cloud.

Many had to hire cars or find somewhere to stay as they waited for the 200 delayed or cancelled flights to take to the skies again.

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