Don’t buy cash at the airport as you’ll always be able to beat it with a bit of forward planning. The same applies with buying cash from your travel company.
Compare travel money companies online but don’t just focus on exchange rates.
Factor in delivery costs and choose the option that gives you the most cash to spend on holiday. If you’ve left it until the last minute order online for airport collection so you get the best of both worlds.
Don’t pay for travel money with a credit card as it’s likely you’ll be charged a cash withdrawal fee which adds to the cost.
Top up a prepaid card to lock in your rate now. Choose your card and read the T&Cs carefully as some apply hefty fees.
Prepaid cards can’t always be used for hotel reservations or pay at pump fuel so make sure you have a backup option.
Your regular credit card may sting you with fees abroad and your debit card is likely to be far worse. Get a credit card that doesn’t charge transaction fees abroad and pay off your statement when you get home for super cheap spending.
As a bonus, if you buy something that costs over £100 while you’re on holiday you could get Section 75 credit card protection too.
Taking cash out on your credit card can leave a footprint on your credit score – it’s not held in anywhere near the same weight as if you defaulted on a payment but keeping withdrawals to a minimum is something to bear in mind if you’re planning to apply for other borrowing (like a mortgage) soon.
Double check whether American Express is accepted where you’re heading so you don’t find yourself caught short.
Always choose to pay in the local currency rather than sterling if you’re given the choice as this will help you avoid sneaky exchange fees.
Worldnomads backpacker insurance is an extremely popular backpacker travel insurance company that offers great features that can be bought from anywhere in the world!
Some of their features include the following:
– Ability to buy cover while you are travelling even if you have left home
– Cover many different nationalities
Quotes from £21.00 / $49.00
> Visit WORLD NOMADS and get a quote today
Aviva travel insurance has a number of different options for backpackers and long term travellers. Some of the features include:
Emergency medical treatment
Emergency dental pain relief
Repatriation (emergency flight costs)
Quotes from £45.00
> Visit AVIVA TRAVEL INSURANCE and get a quote today
Alpha Travel Insurance has been specifically designed to be simple and straightforward with a number of specialist backpacker policies which start from just 24p per day!
Quotes from £32.00
> Visit ALPHA TRAVEL INSURANCE and get a quote today
Get going offer their customers quick and affordable travel insurance for medical conditions, with the option to choose from a number of cover levels and policies.
Quotes from £29.00
> Visit GET GOING TRAVEL INSURANCE and get a quote today
Columbus is a well established provider of UK travel insurance to backpackers and long term travellers alike. They are also useful for the active traveller as they cover over 150 sports and adventure activities.
Quotes from £8.00
> Visit COLUMBUS TRAVEL INSURANCE and get a quote today
Explorer have specialist cover for backpackers from the UK heading to such destinations as Europe, Southeast Asia, Australia and New Zealand. North America can be added too.
Quotes from £12.00
> Visit EXPLORER TRAVEL INSURANCE and get a quote today