Ready to jet off to your next overseas adventure? If you’re not sure how you’re going to access your money while you’re overseas, we’ve broken down the most common options for you below.

#1 Cash

While you may not want to take a big pile of cash with you to pay for everything on your whole trip, it can be a good idea to have a small amount of the local currency in your wallet, especially when first arriving at your destination. Having cash is convenient for small purchases such as taxis and meals and for those times when a credit facility or ATM isn’t available.

Keep an eye on exchange rates in the lead up to your trip and you might be able to get a better deal than if you leave it to the last minute.


#2 Travel credit card

A travel credit card is just like your regular credit card except there are no foreign transaction fees on overseas purchases. Depending on the card, you may qualify for a range of complimentary insurance covers, the use of a 24/7 concierge service or you may be able to earn reward points for your purchases.

The Bankwest Zero Platinum MasterCard, the ANZ Rewards Travel Adventures Card and the Coles Rewards MasterCard all offer no international transaction fees on purchases. Remember to read the terms and conditions before applying!


#3 Travel money card

A travel money card is a prepaid card that you can load foreign currency on to. You can usually load multiple currencies on to your card, which is convenient when you’re travelling to multiple countries. However, some cards only support major currencies, which may be an issue if you’re travelling to a smaller country. Also look out for additional costs such as an upfront purchase fee, load or reload fee, ATM withdrawal fees and inactivity fees.

Many major banks offer travel money cards or you may also like to consider the Qantas Cash card, the Velocity Global Wallet card or the Cash Passport.


#4 Debit card

There are a few select transaction accounts out there that give you direct access to your savings whilst overseas without charging you a currency conversion fee. Remember to tell your bank that you’re going overseas so they don’t mistake your transactions as unusual activity and risk freezing your accounts.

The Citibank Plus account allows you to withdraw money from any ATM overseas and you are not charged a Citibank fee or foreign exchange transfer fee for in-store purchases made overseas.


Before you head off, don’t forget to check out Credit Savvy’s travel checklist!



  1. Pingback: 5 financial travel tips for 2017 - Credit Savvy

  2. The best travel credit card would have to be 28 degrees: It has:

    No annual fee

    No currency conversion fees (my favourite feature – gives you the best exchange rate I have found, especially compared to the big four banks)

    No overseas fees on purchases

    No foreign transaction fees

    It also includes a complimentary concierge service 24/7 (which i personally have never used)

    Also, they were great with fraud! I had fraud on my card last year and they were very responsive in processing the fraud, issuing me a refund, cancelling my card and sending me a new one asap.

    see more information here –

    Happy traveling 🙂

  3. Pingback: 7 ways to save on your next holiday - Credit Savvy

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