You’re sitting home and you're looking at videos of everyone on a beach, or thousands standing under the Eiffel tower, or enjoying the view from the Malecon in Havana. You've planned a trip, booked a flight, and even a hotel. You just forgot one important thing… money.
A debit card is an integral part of traveling. Let’s face it, currency exchange rates at airport exchanges are not too favorable. They are full of hidden fees and unfavorable rates. There are smarter ways to use your money, and here are some:
The three best traveling debit cards.
The Schwab Bank Visa Platinum debit card- This card is linked to your Schwab Bank High Yield Investor Checking Account. There are no local or foreign ATM fees. The bank also refunds all ATM-operator fees at the end of each month. A minimum balance is not required, no minimum opening deposit, or service fee. All you are required to do is open and link a Schwab One brokerage account.
Capital One Card
The Capital One 360 Checking Mastercard Debit Card - The Capital One 360 Checking Account doesn’t have a minimum opening deposit or foreign transaction fee. However, there are ATM operating fees. But these fees are waived by using an Allpoint ATM throughout the world.
Fidelity Visa Gold Check Card - Linked to the Fidelity Cash Management Account, which is technically a brokerage account. With this account, there are no opening balances or ATM fees. Fidelity also reimburses all ATM fees. However, there are foreign transaction fees on withdrawals and purchases.
Editors Note: Opinions expressed here are the author's alone, not those of any parties mentioned. None of the entities mentioned has reviewed, approved or endorsed the content listed in this post.