2 August 2017

Holiday like a hero with your credit card

Ever considered the perks of using your credit card on your holiday? Credit can be a great travel partner in helping you get that bit closer to completing the always growing bucket list, but it’s important you’re using your card responsibly.

Before you get stuck into colourful cocktails on the beach and days full of sightseeing, here’s what you should consider to ensure your post-holiday high translates to your bank statement.

Set yourself spending rules

Before you hit the departure lounge, first think about your ideal budget and mentally set yourself a maximum spend for your credit card. Then, it’s a good idea to put in place rules to help you stick to that target amount. For example, you can set aside a certain amount of credit to pay for larger, more expensive items only, such as flights and hotels. Or for smaller items like shopping or food, our Orange One allows you to set daily spend limits, so you receive a notification when you hit them, alerting you.

Make your bankroll work for you

Whether you’re using a mixture of card and cash or even a full outlay on your card, be sure to use your credit card to its full advantage. Benefits that can come from your credit card include things such as sweet reward points or travel perks. With some platinum cards, including the Orange One Platinum, you can receive complimentary international travel insurance. Just be sure to check your insurance policy before you head off.

If you intend to use your card for big purchase items like flights and tours before your big trip, Orange One can let you pay these off over a set time at a lower rate using instalments if you like. This can mean locking in a great price on flights ahead of time, and creating some certainty around how it’s paid off. As always, it’s important to consider your budget and use your credit card responsibly when you book.

Keep your eyes open to fraud

When you’re abroad, keep your card and PIN secure at all times. If you’re using internet banking overseas, pay attention to the networks that you are connecting to and do your best to ensure the connection is safe. Finally, be sure to communicate with your bank and let them know you’re travelling. You can lodge your trip in the ING app and while you’re there, make sure there is information on how to best contact you when overseas if something should go wrong. It’s also a good idea to read up on some of the most common scams you might encounter on your trip, as they’re getting more inventive each year!

Be sure to check out the full ‘Cashback terms and conditions’ for the Orange One at ingdirect.com.au.

The information is current as at publication. Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Deposit products, savings products, credit card and home loan products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823. ING Living Super (which is part of the ING Superannuation Fund ABN 13 355 603 448) is issued by Diversa Trustees Limited ABN 49 006 421 638, AFSL 235153 RSE L0000635. The insurance cover offered by ING Living Super is provided by Metlife Insurance Limited ABN 75 004 274 882, AFSL 238096. ING Home and Contents Insurance is issued by Auto & General Insurance Company Limited (AGIC) ABN 42 111 586 353 AFSL Licence No 285571 as insurer. It is distributed by Auto & General Services Pty Ltd (AGS) ABN 61 003 617 909 AFSL 241411 and by ING as an Authorised Representative AR 1247634 of AGS. All applications for credit are subject to ING's credit approval criteria, and fees and charges apply. You should consider the relevant Product Disclosure Statement, Terms and Conditions, Fees and Limits Schedule, Financial Services Guide, Key Facts Sheet and Credit Guide available at ing.com.au when deciding whether to acquire, or to continue to hold, a product. Before interacting with us via our social media platforms, please take a minute to familiarise yourself with our Social Media User Terms https://www.ing.com.au/pdf/Social_Media_User_Terms.pdf.

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