When travelling overseas, you'll need to obtain foreign currency. This week our members reveal the best ways to get a great rate and save money in the process! If you prefer to change cash in Australia, it's best to avoid the major banks. Instead, smaller outlets that specialise in foreign exchange can often give you a better rate. One outlet recommended by a number of … [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.
If you travel overseas or shop online regularly, a credit card with no foreign transaction fees can save you hundreds or even thousands of dollars! Most credit cards charge fees of between 3% and 4% on overseas purchases. But there are a small handful of cards that don't, making them perfect for frequent travellers. The 28 Degrees MasterCard and Bankwest Zero Platinum credit … [Read more...]
Ahead of a trip to Tokyo, one member seeks some practical advice on the best place to exchange money and acquire Japanese Yen. Japan is a little bit different to many other countries in the sense that many businesses there will not accept overseas credit cards. Further, many ATMs do not allow holders of non-Japanese bank cards to withdraw cash. So, a little bit of … [Read more...]
There is a wide range of different travel money cards, credit cards and debit cards that can be used overseas. But not all cards were created equal, and some offer significantly better value than others. Prepaid travel money cards are growing in popularity. The main benefit of these cards is the ability to pre-load foreign currency at locked-in exchange rates. With the … [Read more...]
This week a member recounts how they fell victim to a cunning scam while exchanging money in a popular overseas tourist destination. They estimate that 40% of their cash was lost in the bizarre experience. Deciding to take advantage of a good exchange rate, this member visited a small currency exchange office located “down a small alley”. Although a sharp eye was kept on the … [Read more...]