Traveling abroad is exciting — but managing your money while overseas can be a challenge. Between unfamiliar fees, fluctuating exchange rates, and payment restrictions, knowing the best way to spend money abroad can save you a lot of stress and money. Whether you’re planning a vacation, studying abroad, or heading out for work, this guide will help you make the smartest financial decisions while you travel.

Should you use card or cash abroad?

This is one of the most common questions for international travelers. Cards offer convenience, but they come with potential downsides like:

• Foreign transaction fees
  
• ATM withdrawal charges
  
• Risk of fraud or blocked cards
  

Cash, on the other hand, gives you:

• Total control of your spending
  
• Better negotiation power in local markets
  
• No surprise fees

What is the best way to pay for purchases abroad?

Look for cards with no foreign transaction fees and use cash for small or informal purchases. That balance keeps you prepared in every scenario.

Should you exchange money before you travel?

Yes — and here’s why:

• Airport rates are often terrible.
  
• Exchanging in your home country gives you time to compare rates.
  
• Having cash upon arrival prevents delays or ATM issues.
  

Tip: Visit a reliable exchange service like Miami Money Exchange before your trip to secure a fair rate with no hidden charges.

Hidden fees to watch out for abroad

Travelers often lose money to silent charges. Here’s what to look out for:

• Dynamic currency conversion (DCC): Always choose to be charged in the local currency, not your home currency.
• Foreign ATM fees: Use ATMs affiliated with your card network when possible.
• Bank withdrawal limits: Exceeding limits can lead to double charges.

Avoid surprises by knowing your bank’s international fee policy and keeping receipts to track charges.

How much cash should you bring?

There’s no perfect number, but here’s a rule of thumb:

• Bring enough cash for 2–3 days of basic expenses
  
• Exchange more later if needed using a reliable provider
  
• Don’t carry large amounts — it’s about balance and safety
  

And remember: keep your cash in different places (wallet, money belt, luggage) to minimize risk.

Get your travel cash with Miami Money Exchange

Planning your next adventure? Miami Money Exchange offers competitive rates, fast service, and no hidden fees — so you can travel prepared and stress-free.

Visit us today or contact our team to learn more about how we can help you get the most out of your money abroad.

FAQs

What is the best way to pay for purchases abroad?

Use a mix of cash and cards. Pay large purchases with a travel-friendly card and use cash for small vendors or local services.

Is it better to use card or cash abroad?

Both have advantages. Cards offer convenience and tracking, while cash gives you more flexibility and control — especially in rural or informal settings.

Should I exchange money before I travel?

Yes. Exchanging before your trip allows you to compare rates, avoid airport fees, and arrive with peace of mind.