Travel card 'effective way to spend'

Holidaymakers looking for a cost-effective way to pay for goods abroad may well want to consider taking out a pre-loaded credit card.

Making use of a pre-loaded credit card can be an effective means to pay for goods while overseas, it has been suggested.

Indeed, such a product is deemed to be a "good option" for those holidaymakers who plan on using their plastic regularly while away, Jane E Fraser suggests in a Brisbane Times article.

The plastic product allows for a consumer's own money to be spent first, which after being used up begins to run up credit.

She claims that although she would never recommend that a holiday be funded entirely using credit, "combining pre-paid arrangements or a debit card with a credit card can further spread the cost".

Meanwhile, those looking for tips for saving in order to effectively generate the money required to pay for a break were advised to set up an online savings account and to transfer cash into this on a regular basis.

Last month, an Age article pointed out that using credit and bank account cards to make withdrawals from foreign ATMs can prove to be an expensive process.

Written by Joe Letts