Cash is back as credit card technology affects travel

A change in travel may be on the way. However, unlike most things, we may be going backwards rather than forwards as many travelers may be exchanging and carrying cash rather than using debit and credit cards.

In a recent New York Times article, For Americans, Plastic Buys Less Abroad, new technology in credit cards in Europe and other countries may be making the magnetic stripe cards in the US more difficult to use. The key to budget travel is to prepare in advance. When it occurs to family trips, globetrotting, well-deserved holidays and/or going to see new locations we have never been before, the actuality of cost and budgeting is often in the back of our heads. Organizing and spending our travel budget correctly is a main concern for most families. Reducing consuming and expenses, while still taking pleasure in your vacation to its fullest, is the key to certain achievement and fiscal responsibility. Your pocketbook and family will thank you! The thought behind saving money while traveling is simple: Even if your personal finances is extremely limited, you can still take a break and enjoy life! Simply put, life is just too short to never step out of the door or leaving the homestead! Also recalling that while traveling, no matter whether on a budget or not, even the smallest of things can all add op to a huge vacation or travel expenses!. The new cards are called chip-and-PIN cards which store information on the card which is accessed by a pin making counterfeiting and fraud more difficult. While many stores will still accept the magnetic stripe cards used in the US, kiosks and many ATMs may not making it more difficult to make purchases and access cash.

While Europe is leading the way in this new credit card technology, these aren't the only countries using it. Mexico, Brazil, and Japan are also using the chip-and-PIN cards with China, Canada, and Latin American countries rolling this out soon. Unfortunately, the US banks don't seem to be in a hurry to make this move which may make traveling a bit more difficult as cash, exhanging currency, and more old fashioned ways of traveling may be necessary. For Americans traveling abroad, it may be out with the new and back in with the old.

While this may or may not be a huge hindrance in traveling, it is something to be aware of. One of the scariest things that can happen is landing in a different country and then realizing you have no access to money. And from recent comments and articles out there, the inconvenience caused by this is real.

If anyone has had experiences with this, please feel free to share. The more we understand the effects of this on our travels, the more well informed we can be. Hopefully, this isn't as scary as it sounds but we all need to be made aware of these changes which could impact our travels.

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