Are you prepared for your vacation?
You pack your clothes, your toothbrush, line up a dog sitter, but do you have your bank prepared before you go on a vacation?
Be sure to provide them specific destinations when possible, such as Disney World, Orland FL or the specific country or region. Include your method of travel (flying, driving, etc.). As a security measure, your card may be declined if the purchase is in an area you normally do not travel to or the purchase is out of your normal purchase pattern. This provides the fraud analysts more information and may prevent inconvenient declines/blocks on your card when traveling.
It is important to keep up-to-date contact information on file with your bank (phone, email, address, etc.). If your card was to be declined, you may be contacted via text, phone call, or email to verify the card activity and prevent your card from being declined or blocked from further use.
It is recommended that you have an alternate form of payment available such as cash, credit card, or a prepaid debit card when traveling. If your card is declined and you cannot reach the financial institution after business hours, you will have a way to complete your purchase.
If you are reserving a hotel or rental car, it is recommended that you use a credit card due to the holds associated with these large transactions. These merchants place holds that may not be immediately released or may be released when the transaction is finalized days later. Depending on the amount of the hold that is placed, this may impact your daily transaction limit.
When traveling internationally, you may be assessed a currency conversion fee and/or a cross border fee. These are transaction fees that a merchant may assess to convert your funds to their currency. These fees are typically 1-3% of the total purchase. There are also fees for utilizing international ATMs. It is important to be mindful of these fees as they will also impact your transaction limit.