Quote:
Originally Posted by Sjoerd Bakker
Actually if you have A credit card that is all that matters because the cc company will lend you the money - up to your CREDIT LIMIT. I doubt that any credit cards have such low limit as not to be able to cover the TVIP deposit. If you fail to repay the cc company before the monthly due date then you will face paying high interest rates on the "LOAN"
What you really are getting at though is a very good point. If you deposit a bunch of dollars onto your credit card before you use it that will be considered a cash surplus, a CREDIT to your account and you can draw on it without worries of having to pay 27% interest . Better have a stash of money on the cc acount and forgo the small return it would get in your chequing account than to pay the cc company at a very much higher rate .
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Its pretty easy to pay credit cards online while traveling but you are right that if you end up carrying a balance you will pay a high price.
Most of my credit cards limit the amount that I can overpay. a card with a $10,000 dollar limit will only let me pre deposit 1000 or 10%.
On a similar note:
I travel using two separate checking accounts with separate ATM cards. I never travel outside the US with my primary checking account ATM card. I transfer money, as needed, to the primary account while leaving an emergency amount ($500) in the back up card that I can also transfer money to if I lose my primary card.
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