The Business Insider published an article on June 22 written by Odysseas Papadimitriou, CEO of Card Hub, about the benefits of using a “no international fee” credit card for travelers making overseas business trips. The article details the financial implications, savings and convenience this type of card provides, instead of using cash for trip purchases when traveling abroad. Papadimitriou says:
The bottom line is that you’ll save money by using a credit card instead of cash when traveling abroad. Not only will you automatically get a favorable exchange rate, but if you’re using a rewards credit card, you’ll also get miles, points or cash back with every purchase you make. What’s more, if your card gets lost or stolen, you won’t be out money or left scrambling to access additional funds. Credit cards all have $0 liability guarantees, and credit card companies have numbers you can call for assistance free of charge from outside the U.S. Therefore, a credit card will help you and your company save on business travel from booking to your time spent in the destination to the post-trip bill.