Cards can be costly on the road
By KRYSTLE CHOW
Published in the March/April 2006 edition (Vol. 6, Issue 3) of Ottawa Insight.
April 2006

Anne Cottingham prepares for another trip.
OTTAWA - Summer is nearing, and Anne Cottingham is planning a trip to Europe after graduation.
One thing she says she’s never considered when preparing for travel, however, is what transaction costs may be incurred with each different kind of payment method.
“I just think, ‘OK, I’m going,’” she says when asked if she’s thought about whether it’s best to use a credit card, debit card, traveller’s cheques, or to buy foreign currency. “It’s not something I’ve really looked into.”
Cottingham has just returned from Vancouver and was in New York City in late February. She says she plans to indulge her newly discovered passion for travel even more once she has finished her fourth year at Carleton University.
It’s an expensive hobby, to be sure; Cottingham says she spends about $500 to $1000 for a short-term trip like her New York weekend jaunt, excluding the cost of travel and lodging.
She adds she brought $200 USD in cash for her New York trip, mainly for cabs, meals and some stores. For the most part, she used her credit card and didn’t use her debit card much at all. (more…)
