Quick Answer
Carrying both cash and a credit card is justified in scenarios where remote transactions are unavoidable, such as in rural areas with limited access to ATMs, or when traveling abroad where foreign transaction fees may apply.
Preparing for the Unexpected
When assembling an EDC loadout for prepping purposes, it’s essential to consider the potential need for cash and credit transactions in various scenarios. For instance, if you’re planning to bug out to a remote location, carrying cash in smaller denominations (e.g., $20s, $10s) can facilitate transactions at local markets or with friendly neighbors who may not accept credit. Aim to carry around $500-$1000 in emergency funds, split between cash and a readily accessible credit card.
Remote Transactions and Travel
When traveling to areas with limited access to ATMs or unreliable cell phone coverage, it’s wise to carry both cash and a credit card. This ensures you can make transactions at local businesses or when traveling abroad, where foreign transaction fees may apply. Consider setting up a prepaid credit card or a travel rewards card with no foreign transaction fees. Allocate a specific amount of cash for each trip, such as $200-$500 per person, and keep it separate from your primary credit card.
Loadout Considerations
When packing your EDC loadout, consider the space and weight constraints of carrying both cash and a credit card. Opt for a thin, compact credit card and a money belt or a secure wallet to store your cash. For added security, consider using a credit card with chip technology and a PIN, which can help prevent skimming and card-not-present (CNP) fraud.
Find more answers
Browse the full Q&A library by topic, or jump back to the topic this question belongs to.