Thursday, January 20, 2011

Aussie Travelers Expect to be Robbed


More than half accepted they are likely to have cash or credit cards stolen while. travelling outside of Australia. Despite their concerns, the Australian 'she'll be right'  attitude means that a significant number of travellers are lax with protecting their money while overseas, saying that they 'never' or 'only sometimes' take precautions.

American Express recommends that some ways to avoid being caught short financially are to wear a money belt; take copies of travel documents or leave them with family; stay in accommodation with a safety deposit box in'room (and use it!); and use a 'mixed travel wallet' system, with cash for when you arrive, a credit card for larger purchases, travellers cheques for emergencies and a pre-paid card for everyday spending.

MAIN FINANCIAL CONCERNS OF AUSTRALIANS TRAVELLING OVERSEAS
68%     Losing or having cash or credit cards stolen
56%     Not being able to access money
54%     Credit Card fraud
48%     Cards not working when they are used overseas
46%     Being ripped off
37%     Running out of money
34%     Being cheated when converting money
30%     Getting a low foreign currency exchange rate
24%     Spending more than intended

PRECAUTIONS TAKEN BY AUSSIE TRAVELLERS
65%     Wear a money belt
33%     Take copies of travel documents or leave them with family
62%     Stay in accommodation with a safety deposit box in room
77%     Take a variety of travel money. E.g. Cash, cards, travelers cheques, prepaid travel cards.

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