29 Jan 2010

Combine cash and cards on holiday, advises Post Office

Category: Travel Insurance News
Use both cash and plastic while overseas, Post Office says

Travellers should use a mixture of cash and cards while abroad, it has been advised.

Holidaymakers would do well to use a combination of cards and cash while overseas, the Post Office has recommended.

Cash is important to pay for costs like drinks and taxis, as well as for most purchases in places where cards are not widely accepted, explained head of Post Office Travel Services Sarah Munro.

However, because there is a security risk attached to carrying around large amounts of cash, a prepaid currency card may be a viable alternative, she suggested.

"For those who prefer the flexibility offered by credit cards, we urge people to save money by choosing a product which does not charge them any commission for overseas usage," Ms Munro added.

The comments came after Santander conducted a survey showing that 52 per cent of Britons mainly use cash while on holiday, compared with 20 per cent who utilise credit cards.

It may be advisable to take out travel insurance before setting off to cover costs - such as medical expenses - that may be too high to be covered by either cash or cards.

Cheap travel insurance from Direct Travel Insurance could be one way to keep total holiday expenditure down.

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Adfero Ltd provides live and tailored breaking industry news for Direct Travel Insurance. All industry news is prepared by Adfero Ltd and as such does not represent the views or opinions of Direct Travel Insurance. © Adfero Ltd 2010
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