Mexican Insurance Store.com Mexican Insurance comparisons; Better to Pay Cash or Credit ?
Going on vacation is an exciting, yet costly experience. There are
transportation costs, accommodation bills, activity fees and dining
charges. Knowing how to pay for each charge in advance can help
travelers stretch their vacation dollars.
Vacation Charges: Is It Better to Pay with Cash or a Credit Card? travel tip is brought to you Mexican Insurance Store.com Mexican Insurance comparisons, offering best quality Mexican auto insurance services. Mexican Insurance Store.com Mexican Insurance comparisons help you purchase authentic coverage needed in order to drive on any highway in Mexico. All Mexican auto insurance services provided by MexicanInsuranceStore.com come with FREE Roadside Assistance.
For buyers paying for vacation expenses with cash, in order to get
more for your vacation dollar, the cash must first be exchanged for
pesos. After paying an exchange fee, the entire amount of cash has to
be carried around or a traveler has to keep exchanging money when pesos
are spent. Another downfall to carrying cash is its replacement value.
Once the money is lost, it’s gone.
most credit card providers have buyer protection where cardholders can
call the credit card’s customer service center and report the credit
card as missing. Immediately, any charges will be declined and those
previously incurred due to unauthorized purchases will usually require
the cardholder to be responsible for a $50 deductible. If considering
carrying more than $50 in cash at a time, a credit card may be a better
charges, even if a buyer is trying to collect credit card points during
the vacation. In Mexico, smaller hotels, restaurants and businesses
charge credit card usage fees. These charges can be up to 10% of the
total bill. Before deciding how to pay, weigh the total cost of both
hidden and known charges. Credit card charges need to have merchant
fees added to them while cash purchases need to allow for the currency
conversion fees to the included in the overall amount spent. Get the
most from each transaction by spending the least. For this reason, you
actually may want to keep both cash and a credit card with you. Each
one has their risks yet they both have positive benefits. Pay for
Mexican vacation charges with the method that allows you to spend the
least amount of money yet offers the most financial protection.