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That’s it, the summer holidays are here! But before you travel to France or the other side of the world, some checks on your bank card are required. The 5 pitfalls to avoid.
The use of a bank card is now indispensable for both holidays and everyday life. However, certain precautions should be taken to avoid being blocked during a trip in France or abroad. Payment refused, withdrawal impossible, card unusable… these situations are already uncomfortable at home, but even more annoying when you are away from home and your bank. Here are the 5 most common mistakes and ways to avoid them.
1. Skip Payment and Withdrawal Limits…
Deposit, apartment rent, fuel, excursions … Holidays involve many costs, some of which are far higher than current household expenses. However, all bank cards are subject to withdrawal and payment limits, that is, a maximum amount that can be used over a given period of time (one day, one week, 30 days, etc.). To prevent withdrawals or payments from being declined for this reason, it may be appropriate to ask your bank advisor to increase these limits, or increase them yourself in your mobile application. Note that caps for surgeries performed abroad may differ.
2. …and associated costs abroad!
Outside the Eurozone, the fees charged by banks when making payments or withdrawals can be downright daunting. Each establishment has its own policy in this area, so it is important that you refer to your bank’s rate sheet for the exact cost of transacting abroad with your bank card. Making a single, one-off withdrawal instead of multiple ones can save you the fixed fees that apply. On average, such a process costs 5.59 euros outside the euro zone, according to estimates by the information site MoneyVox, and 2.91 euros for a payment by card.
3. Forgetting to tell your bank advisor
Banks pay particular attention to the risk of credit card fraud. Conspicuously high and/or foreign transactions can arouse suspicion and cause the bank advisor to block the bank card. A necessary security measure, but which can be disadvantageous on vacation. Before leaving, an email or a phone call to your bank branch can therefore make it possible to warn you of your destination and avoid such situations.
Also read: Bank: Should you sign your bank card?
4. Do not check the expiry date of your bank card
All blue cards have a limited validity period, generally set at 2 to 3 years depending on the institution. When that deadline approaches, banks send their customers a new card, very often by post. But on vacation, impossible to get it back! When the bank card in question expires, it can no longer be used, whether for withdrawing money, paying in store or making online purchases. It is therefore strongly recommended to check the date on your bank card before departure and, if necessary, to request an early extension from your bank.
5. Don’t forget to insure your means of payment
There is one insurance that we all too often forget: that of his bank card. However, this guarantee makes it possible to cover a large number of events. For a summer holiday departure, some cards therefore offer coverage when renting a vehicle or booking a flight. However, in order to benefit from it, you must have made the payment with the relevant bank card. The amount of the guarantees offered varies depending on the card network (Mastercard or Visa) and card type (classic, high-end, very high-end).
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