Travel Reference
In-Depth Information
Most ATMs are connected to international networks and offer decent foreign-exchange
rates.
Withdrawing cash from an ATM using a credit card usually incurs a hefty fee and high in-
terest rates; contact your credit-card company for details and a PIN number.
Cash
Most people do not carry large amounts of cash for everyday use, relying instead on
credit and debit cards. Some businesses refuse to accept bills over $20.
Credit Cards
Major credit cards are almost universally accepted. In fact, it's almost impossible to rent a
car, book a hotel room or buy tickets over the phone without one. A credit card may also
be vital in emergencies.
Visa, MasterCard and American Express are the most widely accepted.
Moneychangers
You can exchange money at major airports, some banks and all currency-exchange of-
fices such as
American Express
(
www.americanexpress.com
) or
Travelex
(
www.travelex.com
)
. Always enquire about rates and fees.
Outside big cities, exchanging money may be a problem, so make sure you have a credit
card and sufficient cash on hand.
Taxes
California state sales tax (7.5%) is added to the retail price of most goods and services
(gasoline is an exception).
Local and city sales taxes may tack on up to an additional 2.5%.
Tourist lodging taxes vary statewide, but currently average 12% or more.
Traveler's Checks
Traveler's checks have pretty much fallen out of use.
Big-city restaurants, hotels and department stores will often accept traveler's checks (in
US dollars only), but small businesses, markets and fast-food chains may refuse them.
Visa and American Express are the most widely accepted issuers of traveler's checks.
