Avoiding outrageous costs of roaming during oversea travel.

Avoiding outrageous costs of roaming during oversea travel.

by tonytran2015 (Melbourne, Australia).

Click here for a full, up to date ORIGINAL ARTICLE and to help fighting the stealing of readers’ traffic.

#roaming, #internet rate, #phone, #SMS, #ripped off, #oversea,

Avoiding outrageous costs of roaming during oversea travel.

This Travel tip may save you from burning your house with your busy fingers playing unsmartly on your smart phones.

1. Beware of the HIGH COST of staying connected.

Figure: Screen capture of an actual Warning SMS from Australian Vodafone on the outrageous roaming costs at Singapore Transit lounge on 2018 December 13th. Internet roaming cost WAS INDEED $51000/GByte versus $2/GByte inside Australia.

As you can read from the screen capture:

Welcome to Singapore. Warning – you have activated your mobile device overseas. Significantly higher charges may apply. While you’re here, it will cost up to $5.39/min + 40c connection fee to make calls, $4.50/min to receive calls, $3.50 to send a TXT and data is charged $51.20/MB. It’s free to receive a TXT. … For help call +61426320000 – it’s free. Have a safe journey.

The roaming phone cost is $5.39/min, the roaming SMS cost is $5.30. They are about 5 times the cost for equivalent service in Australia. But the dangerous killer is the roaming internet cost of $51.20/MB = $51200/GB which is 25000 times the cost of equivalent service in Australia.
Therefore someone watching a movie at the transit lounge may burn about $25000 for that 0.5GByte movie.

DON’T CONNECT JUST BECAUSE YOU CAN. STAYING CONNECTED MAY BE INDEED EXPENSIVE. 

2. Preventing expensive roaming costs by not using post-paid phones oversea.

 

a- Bring along your trip only prepaid phone cards or sims so that you cannot spend more than you have paid into those cards.

b- Buy locally sold cards and use them in their issueing country. Send an identifying message prior to any communication so that recipients know who is talking to them.

 c-Before departing you may redirect all incoming calls to your pre-paid numbers (already pre-paid in your home country). This limits your spending.

, posted ,

moneyd20.jpg

, posted ,

polymeraust100dollars

, posted ,

, posted ,

Click here for my other blogs on polymeraust100dollarsMONEY

Click here go to Divider63D400Home Page (Navigation-Survival-How To-Money).

SUBSCRIPTION: [RSS – Posts], [RSS – Comments]

MENU:  [Contents][Blog Image of Contents ][Archives ] [About]

Avoiding high costs of credit cards on oversea transactions.

Avoiding high costs of credit cards on oversea transactions

by tonytran2015 (Melbourne, Australia).

Click here for a full, up to date ORIGINAL ARTICLE and to help fighting the stealing of readers’ traffic.

(Blog No.33).

#credit card, #ripped off, #oversea, #purchase, #transaction

 

Have you ever felt ripped off when using your credit cards for oversea transactions?

You will get surprised when using your credit cards on oversea transactions. For each transaction, card issuers may charge you any or all of the following fees:

1. Fee for using the card outside the issuing country.

2. A separate fee for using a foreign card in the country of transaction.

3. A higher than cash price due to purchase with a credit card (about 3% to cover costs to seller).

4. A sizable profit margin on the foreign exchange rate (5% in Australia at this time of writing). I am not aware of any legal regulations to protect card users on this fat margin.

5. The card issuer has the right to view the fluctuating exchange rate for up to one year after your transaction and pick the most unfavorable time for your exchange rate and then make the bill for the transaction on that unfavorable date (as long as it is after your actual transaction and before the printing of the bill). So the bill will be dated on that unfavorable date but won’t be sent to you for a few months! The delay is due to their picking for your most unfavorable exchange rate.

You may have felt that they gave you some extra breathing space! They would say that you had been given the benefit of not having to pay for a few months.

6. Then they send the bill to you and you are given the benefit of upto 28 days interest free period to pay your total account.

If all the fees and costs from 1 to 5 outweights the benefit received in 6 (usually they do by a sizable amount) then you should better carry local currency (of visited country) to pay for your oversea transactions on the spot.

If you buy oversea goods on the internet, you should use Paypal which instantanously offers you the FINAL cost in your local currency BEFORE you make the final decision to go through with that transaction.

This is a small trick that can take care of YOUR COSTS in using your credit cards.

 

Click here for my other blogs on polymeraust100dollarsMONEY

Click here go to Divider63D400Home Page (Navigation-Survival-How To-Money).

SUBSCRIPTION: [RSS – Posts], [RSS – Comments]

MENU:  [Contents][Blog Image of Contents ][Archives ] [About]