The first credit cards were given out in 1950 to just 200 people. They were only accepted in 14 restaurants in New York.
Source: About.com (http://history1990s.about.com/
od/1950s/a/firstcreditcard_1.htm)
Gap-year students should avoid carrying large amounts of foreign cash.
Household debts have risen as families struggle with living costs.
People going abroad on holiday are increasingly being advised to use a prepaid credit card for their vacation spending. This is because using a prepaid credit card abroad comes with added benefits, including extra security, convenience and more preferable exchange rates on currency. Read more...>
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Cashplus Fee Free OfferFee Free for 3 Months! Free € & US $ cards available |
£4.95 | UK: £0 Abroad: £0 |
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| ** Great alternative to a currency card, no ATM, purchase or currency FX fees for first 3 months. Once home, use funds left here ** | ||||
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Caxtonfx Global TravellerNo ATM fees or charges overseas |
£0 | UK: £1.50 Abroad: £0 |
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| ** No overseas ATM Fees ** | ||||
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Virgin Prepaid Travel Money Card EuroNo commission fees |
£0 | UK: £0 Abroad: 3.50% |
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| ** Initial load amount now reduced from £100 to just £10 - Apply Today ** | ||||
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Plus, these days travellers are aware that if they do take a prepaid credit card with them on their holiday, they will be able to use it in most destinations.
Travellers Cheques still remain popular, but they do not come with some of the added benefits seen with a travel prepaid card. Taking huge sums of cash is obviously even less desirable because it is hard to prove how much you had should it get stolen.
There are a range of travel prepaid credit cards that have been designed especially for use abroad and it is important that you consider your individual needs and circumstances when you compare prepaid cards because some charge commission on purchases overseas, but, fortunately, some don't.
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