Saving Money While Traveling

Traveling can get expensive if you don't keep an eye on hidden fees. Here are some easy ways to save:

💳 Use Multicurrency Accounts

Platforms like Credits let you store and send money in multiple currencies, helping you dodge conversion fees.

📈 Watch Exchange Rates

Transfer money when rates are favorable. Simply use a currency converter app on your phone to track the best times to send money.

⚠️ Avoid Dynamic Currency Conversion (DCC)

When paying abroad, always choose to pay in the local currency. This helps you avoid extra fees that come with paying in your home currency. Alternatively, consider using the Credits Debit Mastercard, which offers clear fee structures: just €0.15 for domestic EU transactions compared to €0.60 + 2% for international payments. This can often be more cost-effective than other cards with flat fees for all transactions.

💰 Claim VAT Refunds

You can often get a VAT refund on purchases when leaving certain countries. Using a European debit card like the Credits Debit Mastercard can also be beneficial, as some services may exclude VAT in specific countries, or the VAT could be lower depending on the seller’s conditions and local tax laws.

🔄 Use On Ramp/Off Ramp Solutions

Top up and withdraw in your account’s currency without hidden conversion fees. Credits only charges a transparent, upfront fee. Or, take advantage of SEPA Instant transfers and zero fees for external top-ups—huge money savers!

🏧 Choose ATMs Wisely

Select ATMs from major and well-known banks to avoid high withdrawal fees. These ATMs often support Apple/Google Pay, allowing you to conveniently withdraw euros or US dollars from virtual cards without needing to carry physical ones. Additionally, cards from neobanks or online banking services typically have advantageous partnerships with banks, which is especially beneficial for tourists. In contrast, independent ATMs often impose high fees, so it's advisable to use ATMs associated with reputable financial institutions.