It is advisable to take a variety of payment methods with you when you travel. The benefits of Travellers Cheques are as follows:
- They are like cash but safer.
- They can be used as cash in many shops, hotels and restaurants around the world
- They can be replaced worldwide if lost or stolen.
They have no expiry date so can be kept for your next trip (unless you date them and then they are only valid for six months).
As they have insurance benefits, credit cards could be used for purchasing goods that you may want to bring back with you.
Small amounts of foreign currency should also be carried to cover expenses of travelling to your destination, such as refreshments, taxis, etc.
Use of credit / debit cards at ATMs allow you to obtain currency as you need it but in most cases you will incur extra charges for making a transaction abroad, for a cash advance and in some cases for use of the ATM.