Question 1

Which credit card is the best for traveling?

Accepted Answer

The DKB Visa Debit Card offers free cash withdrawals worldwide and no foreign transaction fees — ideal for frequent travelers. The Barclays Visa is a true credit card with a 0 Euro annual fee and worldwide fee-free payments. The American Express Platinum (720 Euro/year) is only worthwhile for luxury travelers with Priority Pass lounge access, travel insurance, and hotel status. Tip: Always take at least two cards from different providers in case one gets blocked or is not accepted.

Question 2

How do I avoid hidden bank fees abroad?

Accepted Answer

Always decline the 'immediate conversion to Euro' (Dynamic Currency Conversion) at ATMs — the bank applies a 3–5% worse exchange rate. Withdraw larger amounts at once instead of many small ones, as some ATMs charge a foreign transaction fee of 3–5 Euros per transaction. Use ATMs from banks located indoors rather than standalone ATMs in tourist areas, which often have higher fees and skimming risks. Inform your bank before traveling so that your card isn't blocked due to unusual foreign transactions.

Question 3

How much cash should I take abroad?

Accepted Answer

As a rule of thumb: enough for the first taxi ride, a meal, and an emergency — typically 50–100 Euros in local currency or USD. In developed countries (EU, USA, Japan), 50 Euros in cash is sufficient, as card payments are possible almost everywhere. In cash-dominant countries (Morocco, Vietnam, Myanmar), you should have 200–300 Euros in small denominations. When entering the EU, cash amounts over 10,000 Euros must be declared at customs.

Question 4

What is Wise (TransferWise) and is it worth it for travelers?

Accepted Answer

Wise offers a multi-currency debit card with the real exchange rate (interbank rate) without hidden markups — the savings compared to traditional banks amount to 3–8% per transaction. You can hold money in over 50 currencies and exchange it at the best rate before you travel. The card costs a one-time fee of 7 Euros, and the account is free. Withdrawals are free up to 200 Euros per month; beyond that, a fee of 1.75% applies. For travelers frequently in non-Euro countries, Wise is nearly unbeatable.

Question 5

How does tax-free shopping work for tourists?

Accepted Answer

In non-EU countries and when departing from non-EU countries, you can reclaim VAT on purchases above a minimum amount. Request a tax-free form (Global Blue, Planet Tax Free) at the time of purchase and present it at the tax-free counter upon departure along with the unused goods and the receipt. The refund ranges from 10–25% of the purchase price depending on the country and is issued in cash, via credit card, or bank transfer. Note: The goods must be unused and in their original condition.

Question 6

How can I save on international transfers?

Accepted Answer

Wise (TransferWise) offers the cheapest international transfers with the real exchange rate and a transparent fee of 0.3–1.5% depending on the currency pair. Bank transfers often cost 15–30 Euros plus hidden exchange rate markups of 2–5%. PayPal international transfers have an exchange rate markup of 3–4% — significantly more expensive than specialized providers. For regular transfers (e.g., rent abroad), standing orders through Wise or Revolut are worthwhile.

Question 7

Do I need a travel credit card with insurance?

Accepted Answer

Premium credit cards like Amex Platinum (720 Euro/year) or Miles & More Gold (110 Euro/year) often include extensive travel insurance: foreign health, trip cancellation, baggage, and flight delay insurance. BUT: Read the fine print carefully — often the coverage only applies if the trip was paid for with the card, and deductibles can be high. A separate foreign health insurance starting at 10 Euros/year is almost always cheaper and more reliable than credit card protection. Credit card insurance is a nice extra but should never be the only coverage.

Question 8

How does contactless payment work abroad?

Accepted Answer

Apple Pay, Google Pay, and Samsung Pay work at any NFC terminal worldwide — acceptance is over 80% in Europe, Asia, and Australia. Store a card without foreign transaction fees in your wallet app. In China, Western contactless payments are hardly accepted — there you need WeChat Pay or Alipay. In Japan, you can add the Suica card via Apple Pay and use it to pay for subways, buses, and convenience stores. Tip: Research local payment apps in advance that may be cheaper than card payments.

Question 9

What to do if my credit card gets blocked abroad?

Accepted Answer

Immediately call your bank's blocking hotline — the central blocking hotline for all German cards is +49 116 116 (free from abroad via some mobile providers). Always carry a backup credit card from another provider — if Visa is blocked, Mastercard usually still works. Write down the card number, blocking hotline, and online banking access on a separate piece of paper (not in your wallet). Some banks allow unblocking directly through the app — test this before your trip.

Question 10

How do I realistically calculate my travel budget?

Accepted Answer

Use the formula: (Flight + Accommodation + Meals × Days + Activities + Transport + 15% Buffer). For a two-week vacation in Europe for two, budget around 3,000–5,000 Euros all-inclusive. Southeast Asia is significantly cheaper at 30–50 Euros per person per day (budget) up to 100–150 Euros (mid-range). Tools like our budget calculator on holidaygenie.de/tools/budget-rechner automatically calculate country-specific costs. Track your expenses with apps like Trail Wallet or Trabee Pocket to stay on top of your spending while on vacation.

Travel and Finance