Australia's Tourist Refund Scheme (TRS) provides a GST tax refund on items bought in Australia. The scheme is designed primarily for tourists but can also be used by Australians when travelling overseas. From a traveller's perspective, it's a clever way to save 10% on purchases over $300, such as new phones, cameras and jewellery. Under the TRS scheme, the GST paid on items … [Read more...]
Travel Money is a popular topic at the Australian Frequent Flyer. We provide tips, tricks and chat about the most convenient and cost-effective ways to obtain foreign exchange for your travels.
Credit cards is one way to get foreign currency. Read our guide on how to take advantage of Credit Card Sign-up Bonuses and you might get extra points at no extra cost.
ING has become the latest bank to remove foreign transaction fees on credit and debit card purchases. ING will also waive all overseas ATM fees from next month. The offer applies to ING's Orange Everyday transaction account and the Orange One credit card. Both products have no annual or ongoing fees. There are a few catches, though. Forex and ATM fees will only be waived … [Read more...]
If you have a Qantas Frequent Flyer card, chances are that you also have a Qantas Cash card. This is the debit card on the back of your frequent flyer membership card. The airline advertises Qantas Cash as a "travel money" card, but is it a viable option as an everyday banking card to use at home? I have the Qantas Cash Prepaid debit card and have been wondering if anybody … [Read more...]
Thanks to credit cards and an ever-increasing range of travel money cards, it's now easier than ever to access your money overseas. But many of these products - including the majority of travel money cards - do not represent good value. Poor exchange rates, oversees transaction charges and hidden fees can add up to hundreds of dollars per trip. So, how can you minimise these … [Read more...]
If you've ever travelled overseas or bought something online, chances are you've bought something in a foreign currency. But most credit cards charge high fees for international transactions. Obtaining cash in a foreign currency can also be expensive, with banks charging large commissions and high margins. But did you know that you can save hundreds of dollars on your next … [Read more...]