Credit cards on vacation: Tips for making the right choice - insurance, costs and acceptance, important factors for financial experts.

Credit cards on vacation: Tips for making the right choice - insurance, costs and acceptance, important factors for financial experts.

According to a report from www.morgenpost.de,

Credit cards are a popular means of payment for many people on vacation. Insurance is often included. Credit cards are popular means of payment abroad due to their mostly worldwide acceptance and insurance packages. There are credit cards with and without an annual fee, although some banks also offer exclusive benefits and welcome bonuses. Credit cards have gone from being a simple means of payment to becoming an indispensable companion for many travelers. Not only are they convenient for transactions abroad, but they often also come with comprehensive insurance benefits.

The choice of credit cards with and without an annual fee is huge, although free credit cards often have a higher interest rate and are good for traveling abroad but less suitable for financing. Credit cards with a fee often offer better financing and insurance benefits than many free alternatives. It is therefore important to compare individual credit card offers to find the best option for your individual needs.

An example of a no-cost credit card with insurance benefits is TF Bank's no-fee Mastercard Gold, which offers travel insurance and a cashback program. However, the effective annual interest rate is high at 24.79 percent, which can lead to high fees. On the other hand, the chargeable Visa GoldCard from Hanseatic Bank offers a comprehensive insurance package, which is a top recommendation, especially for frequent travelers.

It is important to pay attention to various parameters of a credit card, such as acceptance, currency, fees, credit card limit and emergency number. Stiftung Warentest has examined several providers and found that there are cheaper alternatives to credit cards from house banks.

The conclusion on the subject of credit cards on vacation: There are a lot of things to consider when choosing the right card, and it's worth using comparison portals and independent test results to find the best credit card for your individual needs.