6 Things to Consider When Using Money While Traveling

As you plan for your upcoming vacation, answer your financial questions prior to your departure so that you can fully rest and relax while on vacation. In order to have the best travel experience possible, please consider the factors below regarding using money while traveling.

Upon check-in at any Villa Group Resort, the Front Desk will ask you for a credit card to put on file. It is required to put a credit card on file to cover any incidental  charges made to the room. The resorts accept Visa, MasterCard, American Express, Discover and Diners. Upon check-in, a credit card “hold” will be placed on your card. This is a pre-authorized charge and the amount varies depending on the room size, number of people and length of stay and the resort. Credit card holds are typically released/removed within 24 hours of checking out but the time may also vary; it will not be billed from your card unless you actually spend the money, which the Front Desk will notify you of prior to, and upon check-out.

  • Be aware of currency exchange fees. When exchanging your country’s cash for Mexican pesos, you will be charged a small fee for exchanging currency. If you are withdrawing cash to exchange this for Mexican pesos, you will also be charged an ATM fee in addition to the exchange fee. We recommend withdrawing cash at home before your trip to avoid this ATM fee.
  • Contact your bank and let them know about your travel dates and destinations so that they do not put a Fraud Alert on your card when they notice international activity on your card. Fraud Alerts lock your account so that you do not have access to your money.
  • Know the terms and conditions of your credit card. Many credit cards charge a foreign transaction fee of 1-3% of the purchase price for every purchase made while traveling internationally.
  • Be aware of ATM fees when using debit and credit cards abroad. Generally, withdrawing cash at an ATM not associated with your bank requires an additional 2-5% fee per transaction. If you are withdrawing cash with a credit card, there will be an additional cash advance fee, which is stated in the terms and conditions of your credit card agreement.
  • If you will be paying for your purchase in cash and with US dollars, there is a limit of $250 USD per transaction. If you pay using Mexican pesos, credit card, or debit card, there is no limit to the amount you can spend.

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