When traveling, is it better to bring a credit card or travelers checks?

Characteristics of travellers’ checks

Firstly, travellers’ checks are very much like cash. They have good liquidity, are permanently valid and have no time limit for use. If you can’t use them all, you can keep them for next time. Use it again, or pay a certain fee to exchange it for cash. At the same time, there is no need to worry even if the traveler's check is lost. Just go to the designated agency with your passport and purchase contract to report the loss, and you can get a new traveler's check.

Secondly, the handling fee for purchasing and using travellers' checks is low. You only need to pay a handling fee of 0.75% (for example, in China); it is even free in the United States.

Thirdly, the use of travellers' checks is not restricted by communication conditions like credit cards.

Fourth, travelers’ checks are available in multiple currencies, which avoids exchange rate losses caused by exchange.

General credit card pass features

Consumption first, pay later

Usually there is no deposit function, and no interest will be calculated in case of overpayment

There is interest-free repayment treatment for sales transactions, which is generally subject to full payment 20-30 days after the settlement of the month.

Interest is generally calculated as daily simple interest and monthly compound interest. The interest calculation can be determined according to the travel destination. It is more convenient to bring a credit card in the country (personal opinion)