Whats the best way of taking money on your holiday? Cash or travellers cheques etc

Question

Hi I'm going to Gran Canaria in a few weeks time, I wanted to know what you think is the best way of taking your money, do I take cash (so much Euros and so much Pounds) then exchange while there, or do I take Travellers Cheques to be on the safe side.

The last time I went on holiday I took Euro and Travellers Cheques, but when I got back home, I lost about £40 exchanging the cheques back to cash.

Any thoughts would be appreciated.

Answer 1

Some cash in Euros or dollars, an ATM card, a credit card for purchases, and traveller's cheques for back up. Check out what cards are popular on Gran Canaria by googling. Make sure you have insurance.

Answer 2

Travellers cheques. Get them from the post office and when you come home they'll change them back free of charge. And if you lose them they'll replace them

Answer 3

best way is: ATM machine, by a long shot!

worst is travelers checks.

Answer 4

I would use a credit card with a low credit limit.  Generally that is how you will get the best exchange rate.  Take some cash for small purchases, and keep it in a safe and secure place, such as a money belt.  I haven't used traveller's cheques in more than 30 years.

Answer 5

take cash. cheques are a commission money making ploy. although safer then cash, they end up costing you money.  

Answer 6

if your gonna take travellers cheque, don't pre-sign it. if you do and lost it, anyone can pick it up and write an amount of money they want.

just a thought

enjoy and have fun!

:]

Answer 7

Use a credit card. The rate will be far better than cheques or cash. I think the post office do one just for the traveller.

Answer 8

I'm off to SA soon and will be taking a cash passport from Thomas cook, Its basically an instant VISA card and I can load cash onto it at any Thomas cook, you get a primary card and a backup card, you ring them up and they will transfer your balance to your backup card if you lose your main card, it charges a flat fee of 1.50 to draw from an ATM though, but paying for goods at shops where ever there is VISA then its free.

If they lose both cards then they also get travellers cheques out to you within 24 hours.

You get a PIN to use as well for withdrawls from ATM's and purchases