Carry Cash while Travelling

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Carry Cash while Travelling
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• We live in a time of instant transactions. While
  paying with credit can seem like a convenient and
  reliable way to spend while travelling, many
  people forget about the importance of carrying
  cash. The benefits of carrying cash dont only
  include saving on fees, but cash can also allow
  you to access all that your destination has to
  offer.
• Credit Pros and Cons
• Paying with credit can seem more convenient, but
  paying with card comes with two drawbacks-
  unexpected fees and limited use.

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• When you pay with credit in a foreign country,
  your bank automatically charges your card with an
  exchange rate (a rate that you dont usually
  know ahead of time). This means the reality of
  what transactions cost you is hidden in your bank
  statement. These unexpected charges almost
  always cost you more than it would if you had
  transferred your money into cash beforehand.
• The other drawback to paying with card is that
  many small merchants just dont want to pay the
  fees for credit card processing and managing the
  hardware to accept plastic payments. This means
  you wont even have the option to pay in cash.
  Cash is king for small merchants

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• Some examples of situations where you would want
  cash may include
• - Taxis
• - Tips- you will want smaller denominations
  instead of just larger bills
• - Small shops to buy souvenirs
• Obtaining Foreign Cash
• Travelling with foreign cash does take more
  forthough than credit, but it also saved you big
  on fees. Obtaining cash before leaving for your
  trip can save you the hefty exchange rate charged
  at Airports. In fact, the exchange rates offered
  at airports are usually the most expensive rates
  you can find.

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• Withdrawing cash from credit in a foreign country
  also comes with a price. Using an ATM for any
  cash withdrawal in foreign country will not only
  cost you anywhere from 1 to 5 a transaction,
  but it will also cost you an elevated exchange
  rate on the overall withdrawal.
• The best way to save on foreign cash is to
  purchase it beforehand. Your local bank offer
  foreign exchange services, but like the fees they
  charge on your credit and debit purchases outside
  of the country, they usually charge a currency
  exchange rate higher than their competitors.

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• Another option of where to acquire foreign cash
  is private exchange companies. One Canadian owned
  and operated company that offers foreign cash is
  Calforex Currency Exchange. This company offers
  overs 100 currencies at a rate lower than the
  bank, meaning you pay less for the same
  currencies.
• Calforex Currency Exchange also offers you the
  ability to order cash online and have it
  delivered to your home (time saver anyone?).
• So whether youre spending a week in Europe, or
  snowbirding in Arizona all winter, knowing how to
  save on foreign exchange fees can save you big in
  the long run.

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• Calforex Foreign Exchange offers the best rates
  on currency exchange in Toronto and all other
  major cities in Canada. With over 120 currencies
  in stock and exchange rates way better than the
  banks, Calforex saves you money over the banks
  while providing great service. With locations
  across Canada, we have served Canadians for over
  30 years and look forward to serving you. Visit
  our ottawa currency exchange or foreign exchange
  in montreal, Toronto, Calgary, Victoria or
  Edmonton.