How to fool banks to save on your travel expenses abroad

When traveling abroad, of course, we have cash for the tunnels, but most of them are through credit cards. Everyone is afraid of losing money and carrying them throughout the flight, making them the most suitable option for spending the whole trip. However, the vast majority of travelers and tourists With a daily withdrawal of money exchange machines deployed in banks, streets and shops with the value of expenses to spend through them on purchases and others

Of course, this is the big mistake why, because the banks are in the process of clearing any exchange of transactions between them, which necessitates the calculation of the daily take you as a client and provided you the service of providing currency through foreign banks a respectable commission of 3% of the amount withdrawn, Ranging from $ 2 for each withdrawal along with another commission amounting to 3% of the amount withdrawn from the banks' ATMs and the use of credit cards. This commission will be used against the card issuing company and will not be issued by Visa, Mastercard or American Express who control the market.Cards all over the world

And in calculating the value of the commissions, we find 6% of the value of the amount withdrawn, in addition to two roles almost every withdrawal of about $ 8 each for the withdrawal of $ 100, and now after that simple calculation, I see how banks take our blood for banking services and in return for providing security for you

Why do not we think outside the box and return the ball to them and make the banks are in the position of defense, but also benefit from them, how, every node and have a solution, credit card companies are of course intended to use customers cards always and in every process of withdrawing bad inside or abroad and give banks advantages And commissions from the collection that is in favor of the use of customers to the cards of large companies and perhaps give you points against the payment of credit cards is not for the face of God, but to encourage you to use it and access to banks commissions from large companies cards and for this reason do not bother you banks any commissions in the case of using the card internal You can only redeem points that can be redeemed by gifts or buyers. In the event you use the card for purchases, only 3% will be deducted from you and will also give you gift points .

It is possible to withdraw the amounts you want, but not from ATMs, but from exchange companies only, and here is the trick. Money exchange companies withdraw the equivalent amount from your local card, but through purchasing machines or the banks who buy them, they do not charge you Only 3% of the value of the purchases in the form of points, that is, you actually pay only 2% to withdraw your money from the money exchangers ,,, I have asked in the banks and all of them confirmed that even the employees of the National Bank of Egypt was answered as long as it Any / pos / that records the withdrawal process is not deducted only 3% only ... And better also to pay the cards Tamman in all daily transactions everywhere in the cafe in the hotel in purchases even provide in outgoings will not only pay only 3% commission to use the card, which is better than 8% paid in exchange for withdrawals from teller machines and cash payment

In that simple way, you can save large amounts of travel costs, especially if the trip to a large family is small or even a single traveler. If you spend $ 5,000 on the trip, and the commission rate is 8%, you will pay an additional $ 400, but with that method you will pay only 3% Or only $ 150 and you will be given points of 1% for your card, which will actually pay $ 100.