Which credit card or debit card is best to use for international transactions? Mostly my work is to send and receive payments from different countries. Should I use a Visa or Mastercard credit card for better acceptance and security, or is an internationally enabled debit card also a good option?
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Use a credit card (Visa/Mastercard) that has no foreign transaction fees. Credit cards offer comparable security and a ton of worldwide usage. However, credit cards provide better fraud protection and rights to challenge transactions versus debit cards do.
If you’re using the debit card solely to get cash from ATMs or from dealers you trust and purchase products and services, you’re fine. But for everyday international purchases, using a credit card with zero foreign transaction fees would be the safest option.
Completely agree. The only time a debit card should be used is to withdraw cash from an ATM.
…and you should keep the card locked except for the amount of time needed to make the withdrawal…..
I think most people (as in me) will not be locking and unlocking our debit card between getting cash at an ATM…
As someone who never uses a debit card for purchasing, this isn’t really an inconvenience. I withdraw money from an ATM about 3-4 times per year. I believe Clark also recommends keeping your ATM card locked. Using the mobile app….it takes about 5 seconds to lock/unlock.
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