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Planning an overseas holiday

Planning an overseas holiday

When you’re travelling, you want to squeeze the most out of every holiday experience.

Taking a break to head overseas is hugely exciting but takes a lot of planning. We cover the essentials and the little things you may not have thought of.

Saving for your trip

Once you’ve decided on your destination, it’s time to start saving. Totting up the costs is a real eye-opener.

Spend Tracker & Insights is a tool in the CommBank app that automatically puts your transactions into categories such as groceries, cash and bills so you can see where you’re spending while you are trying to save.

One way to avoid scrimping on experiences when you’re overseas is to create a budget, then set a savings goal – it’s a great way to stay motivated to save. 

How it works:

• Choose a savings goal then set up scheduled transfers into your savings account – the tool figures out how much and how regularly you’ll need to save

• Track your progress 

• Top up your goal when you’ve got some extra cash

No matter how much you plan, there are bound to be costs you haven’t accounted for. So make sure you’ve got extra funds up your sleeve to cover unexpected expenses. 

What to budget for

Flights, transport and accommodation: Likely to be your biggest costs; book early to get the best deal; try flight comparison and travel booking sites for specials. 

If you’ve got some flexibility with your dates, consider travelling off-peak.

Food: Do some research to understand how much you should budget for. Look for hotel specials with breakfast included or accommodation with a kitchenette to save on food costs. Go where the locals go - it may be cheaper and tastier, too. 

Keep in mind that in some countries you’re expected to leave a tip.

Entertainment and shopping: Find out what tours and activities are available - you may get a discount for booking in advance. 

Discover whether local taxes apply to purchases. If you’re travelling to Europe some European Union (EU) countries allow you to claim back Value Added Tax (VAT) when you’re at the airport heading home. If you’re travelling to the US don’t get caught out by the ‘hidden’ sales tax - it’s often charged, but rarely included on the price tag.

Internet access: It’s common for hotels to add an internet charge to your bill or limit the number of devices you can sync to the WiFi network for free. It's worth checking before you start posting photos, sharing status updates or trying to video call people back home. 

Roaming, local SIM or cheap handset: If you’re taking your phone, ask your mobile provider about global roaming fees and charges. It may be cheaper to get a local SIM once you arrive (if your phone’s unlocked) or a cheap handset that includes one instead.

Visas, passports, vaccinations: Think about these well in advance. You’ll need a valid passport, with at least six months left from the date you arrive back in Australia before it expires, and may also need a visa. 

Check with your doctor about vaccinations or medicines too.

Insurance: Your credit card may include travel insurance that you’ll need to activate before travelling, but if you don’t have an eligible card, you can look into buying a policy so you can tailor travel insurance to your specific needs. 

Don’t forget to check you’ve got the right level of home and contents insurance, too, so you can have peace of mind that your belongings are protected while you’re away. 

Take a look at our travel checklist for more.

Paying for things

Consider taking a mix of cash, a Travel Money Card, debit and credit cards to give you some flexibility when it comes to paying for things, as well as a back-up if anything gets stolen or lost. 

It goes without saying that the time to buy foreign cash and load currency onto your Travel Money Card is when the exchange rate is in your favour. It can change significantly in a short amount of time - so watching it long before you go can be helpful. 

If you’ve got a CommBank Awards credit card take a look at our CommBank Awards program. You can use your Awards Points to book things like flights, hotels, car hire, cruises and holiday packages and get your holiday wardrobe sorted too. 

Or, if you’re strapped for cash and heading off on a once-in-a-lifetime trip, you may want to look into getting a personal loan

The week before you go

Your mind may be focused on packing, but make the time to register your trip with Smartraveller. Not only will this give you the latest travel advice, but it makes it easier to get Australian consular help in an emergency too.

Remember to log on to NetBank or the CommBank app if you are a CommBank customer and tell us when and where you’re going. We can keep an eye out for any suspicious activity on your accounts and credit cards while you’re away.

When you’re overseas

So long as you’ve got internet access, you can log on to NetBank and the CommBank app from anywhere in the world.  

Not only can you manage your money on the go, you can also reload your Travel Money Card in NetBank and the CommBank app if a currency is running low.

CommBank emergency details

  • Lock, Block, Limit your CommBank credit card or lock your Travel Money Card for added security
  • Cancel and order replacement CommBank cards in NetBank or the CommBank app
  • Call us 24/7 on +61 2 9999 3283 to report lost or stolen CommBank cards

For 24 hour travel insurance emergency assistance, call Cover-More in Australia direct and toll free on +61 2 8907 5641. You can also call from:

  • Canada on 1844 345 1662
  • New Zealand on 0800 632 031
  • UK on 0808 234 3737
  • USA on 1844 345 1662

Charges apply if calling from a pay phone or a mobile phone.

This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. Insurance issued and managed by Cover-More Insurance Services Pty Ltd (AFSL 241713, ABN 95 003 114 145) on behalf of the insurer Zurich Australian Insurance Limited (AFSL 232507, ABN 13 000 296 640) for Commonwealth Bank of Australia (‘CBA’) (ABN 48 123 123 124, AFSL 234945). CBA and its related bodies corporate do not issue or guarantee this insurance. It does not represent a deposit with or liability of either CBA or any of its related bodies corporate. Terms, conditions, exclusions, (including for pre-existing medical conditions and persons aged 80 years or over for international travel insurance included with an eligible CommBank credit card or persons aged 74 years or over for CBA Travel Insurance) limits and excesses apply. Before making a decision, refer to the relevant Product Disclosure Statement for full conditions at You need to activate your international travel insurance included with eligible CommBank credit cards before each trip in order to have comprehensive level of cover. If you don’t activate, you’ll receive personal liability cover and overseas emergency medical assistance and overseas emergency medical and hospital expenses cover only. We (CBA) do not provide any advice on this insurance based on any consideration of your objectives, financial situation or needs. If you purchase or upgrade a policy, we (CBA) receive a commission which is a percentage of your premium.