ATM Fees: If you are constantly withdrawing small sums of money from the ATM, the $3 charges can really add up. Hotel ATMs can be even higher, up to $6 for a convenience fee. Ideally, withdraw enough money from your home bank before leaving.
Foreign transaction fees: If you are traveling internationally, it is important to find a good rewards card. Foreign transaction fees average 3% stacked on top of every credit card purchase made outside of the United States.
One of the best rewards cards is the Chase Sapphire Reserve card which has no foreign transaction fees. It awards 3X points on travel and dining worldwide, which are then worth 50% more when redeemed for airfare, hotels, car rentals and cruises. It also covers you with trip cancellation, trip delay and lost baggage insurance as well as emergency assistance. Other benefits include Global Entry or TSA Pre✓® and complimentary airport lounge access. Although the annual fee for the card is a hefty $450, you are granted a $300 annual travel credit plus all the other perks, making it well worth it!
Hotel resort fees: Many hotels charge fees for amenities such as a gym, pool and wifi. This fee averages about $27. This fee is not included in the first price you see on the hotel’s site or travel deal site, so you don’t know the final price until checkout. This can get you when comparing across hotels. If you aren’t going to use these perks, search for a hotel that doesn’t offer these amenities.
Data roaming fees: Keep your phone on airplane mode when traveling internationally to avoid extreme roaming fees. Use wifi for any internet connection and to send iMessages. If you need data while out exploring and away from wifi, contact your cellular company and they may offer an international add-on package which will be cheaper than roaming charges.
We hope these tips are helpful for saving you on your next trip!