Article: Best Credit Cards for Overseas Travel & Online Shopping

[Pushka]

Using Wise I was able to stock up on Yen when it was around 1.05. It's now back to .98. $350 - I'd never withdraw that much cash in a day.

 

[drron]

yes Wise has a $350 limit on daily withdrawals but who on earth needs more than that cash per day these days? With a Bit of planning ahead will get you $700 in your pocket without too much problem.

And then there is the simple interchange between currencies you happen to have loaded.

All cards have their virtues and vices. Wise's Ability to create two virtual cards for one-off transactions when the merchant may not be reliable without leaving a permanent record puts it over the line for me.

People who get arrested in Japan.

 

[TheRealTMA]

People who get arrested in Japan.

Probably not the target customers?

 

[drron]

Probably not the target customers?

Though I transferred quite a bit back to Japan to pay the lawyers. Even though the amounts reached their bank accounts in a couple of days Wise apparently made a couple of mistakes and they couldn't access the funds for a couple of weeks.

 

[mikeh1980]

Surprised that Wise was not mentioned among the list of travel cards. I've not dug into it in any detail but at first glance it seems like a better option than e.g Qantas money (admittedly pretty much everything is better than Qantas badged products)

 

[VPS]

Surprised that Wise was not mentioned among the list of travel cards. I've not dug into it in any detail but at first glance it seems like a better option than e.g Qantas money (admittedly pretty much everything is better than Qantas badged

I'm a big fan of Wise and welcome to AFF

 

[Lynda2475]

There is actually discussion re Wise on this thread (and elsehwere), although the original question here (before some other threads were moved by the mods) was actually about credit cards.

Wise and other Debit cards require funds to be deposited so aren't credit cards.

 

[SYD]

Surprised that Wise was not mentioned among the list of travel cards. I've not dug into it in any detail but at first glance it seems like a better option than e.g Qantas money (admittedly pretty much everything is better than Qantas badged products)

There is actually discussion re Wise on this thread (and elsehwere), although the original question here (before some other threads were moved by the mods) was actually about credit cards.

Wise and other Debit cards require funds to be deposited so aren't credit cards.

Yep, Wise gets mentioned every other day somewhere.

If I squint, I can see the benefit in some situations (transferring money or gambling on FOREX), but for everyday OS spend, I'd rather just use my fee free CC or DC.

 

[clifford]

Yep, Wise gets mentioned every other day somewhere.

If I squint, I can see the benefit in some situations (transferring money or gambling on FOREX), but for everyday OS spend, I'd rather just use my fee free CC or DC.

I guess I haven't grasped the issue terribly well, but what's the difference between a Wise Visa card and your "fee free CC or DC"?

I find that my Wise virtual Visa card is pretty much the equal (and in some cases the better) of my fee free plastic credit/debit cards.

 

[Cynicor]

yes Wise has a $350 limit on daily withdrawals but who on earth needs more than that cash per day these days? With a Bit of planning ahead will get you $700 in your pocket without too much problem.

And then there is the simple interchange between currencies you happen to have loaded.

All cards have their virtues and vices. Wise's Ability to create two virtual cards for one-off transactions when the merchant may not be reliable without leaving a permanent record puts it over the line for me.

No, it’s not a daily limit. It’s a monthly limit and then extra fees apply. It’s a significant disadvantage compared to DC. The advantage is locking in rates.

How to use Wise card abroad for Australians

If you’re an Australian citizen or resident who frequently travels abroad for work or pleasure, you’ll know just how vital it is to find an inexpensive and...

wise.com

2 withdrawals to the value of AUD$350/month free. 1.75% of transaction amount + AUD$1.50 per transaction thereafter Note: Third-party ATM service providers may charge their own fee

 

[SYD]

I guess I haven't grasped the issue terribly well, but what's the difference between a Wise Visa card and your "fee free CC or DC"?

I find that my Wise virtual Visa card is pretty much the equal (and in some cases the better) of my fee free plastic credit/debit cards.

I’m earning interest on my cash while I’m not spending it re DCs. Whereas Wise is earning interest on your cash while it sits there (sometimes in multiple currencies).

Wasn’t an issue for a decade with ridiculously low / non existent interest rates but more an issue now.

CC is even better, you’re spending someone else’s money. Which is handy if there’s a snafu / fraud….