Do People Still Use Traveler’s Checks?

by on March 8, 2011 · 5 comments

in Travel Industry

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I personally have never used a traveler’s check. I don’t really see the value in them- they cost money, many companies don’t accept them, and you don’t earn points on them. However, I’m sure there are still people who use them out of habit. I just wish they saw the light and used debit/credit cards that have the same protection and have tons of other benefits.

Anyway, I was interviewed for a article about them, so feel free to read my entire view of them here.

Do you still use them? Am I missing anything?

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • Lori

    I didn´t even realize travelers checks still existed. Apparently they do but really, who is using them? We have credit cards…

  • Dean

    I used them a few years ago when I was in Tanzania. It was very useful there, since ATMs weren’t readily available, nor were credit cards accepted much (especially without steep fees from the vendors, in addition to the foreign transaction fee). It ended up being very helpful.

  • AMD

    I use them traveling to countries that are very cash heavy. And I dont agree that you dont earn points on them – I use my AmEx to purchase the travelers cheques from an AmEx travel office, and I earn points on each dollar spent. I took a 1,000 in travelers cheques on my last trip = 1,000 points. :-)

  • The Points Guy

    AMD- are you sure you weren’t charged an extra fee to use your Amex to buy them? I’m pretty sure Amex does that to avoid people buying thousands of dollars in travelers checks just to get the miles

  • Zack

    @AMD / @The Points Guy

    I’d love to know this as well….I wonder if AMEX switched their system back to the old days

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