TOPAZ HORIZON

Now more than ever, it’s easier for consumers based in the Philippines to buy stuff from foreign shops using their credit cards and other payment gateways. The internet, combined with more efficient and tech-driven logistics systems, has elevated the level of convenience that everyday credit card users can enjoy while accessing a wide array of products that might not be available locally.


But are you truly maximizing the benefits of using your credit cards for online shopping? Perhaps there are still ways to make this process more efficient while ensuring that you get the most bang for your buck. To that end, here’s a list of tips that you can use to get better value for your money when shopping online:

Tip 1 - Choose the Right Credit Card.

First, you’ll need to use the right credit card when purchasing goods from foreign online shops. A credit card with low or no foreign transaction fees, for instance, can save you a significant amount of money. These fees are typically charged by banks for converting your peso payments into the foreign currency of the seller. For instance, if your card charges a 3% foreign transaction fee, a USD 100 purchase will cost you an extra USD 3.

After scrutinizing the foreign transaction fees, examine the rewards or cashback that your credit cards offer on international purchases. Some cards might give you 2% cashback on all purchases made in a foreign currency. This means that for every USD 100 you spend, you get USD 2 back, effectively reducing the cost of your purchase.

Cards that offer better rates can provide you with the best benefits for international spending. It would be good for your credit card program to afford you some perks for shopping you can already expect to do both locally and internationally. One awesome contender that’s available today is the Landers Cashback Everywhere Credit Card by Maya. On top of up to 5% cashback that you get from purchasing in Landers Superstore and 2% cashback you receive whenever you dine out, you’re also entitled to a 1% cashback for every other type of transaction—which means you can get even more value from this card when you shop from a foreign store online.

It’s also important to pay attention to the exchange rate used by your credit card, as this can affect the final amount you pay. Some cards offer more favorable rates than others. Research and compare the currency conversion rates offered by different credit cards to ensure you're really getting the best deal.

Tip 2 - Monitor Exchange Rates

That said, take note that exchange rates fluctuate. This means that you need to time your international purchase when rates are better for you so that you can save money. If you notice that the exchange rate for USD to PHP is more favorable on a particular day, for example, it might be a good time to buy that item you've been eyeing.

To make this task easier, use online tools and apps that provide real-time exchange rate information. They can help you compare the rates offered by different credit cards and decide which one to use for your purchase. Knowing the current exchange rate also allows you to set a budget for online shopping and avoid overspending.

Tip 3 - Know the Ins and Outs of Your Card’s Benefits

Many credit cards offer purchase protection, a feature that can cover you if an item you buy is damaged or stolen within a certain period. If you buy a gadget from an overseas store and it gets damaged during shipping, your credit card’s purchase protection policy may reimburse you for the cost of the item, for one. Check the terms and conditions of the credit card that you want to use to pay for your foreign purchases to understand the coverage and how to file a claim if needed.

In addition, some credit cards can also extend the manufacturer’s warranty on items you purchase. Let’s say that you are planning to buy an electronic device with a one-year warranty. In this scenario, your credit card might extend it to two years, which will save you money on repairs or replacements. However, do make sure to register your purchases and keep all receipts and warranty information for easy reference or reimbursements.

Tip 4 - Secure Your Transactions

No matter who you are transacting with, be it a local or foreign store, it’s a must to ensure that you’re holding your transactions on a secure platform. Make it a point to enable two-factor authentication (2FA) for your online purchases. This adds an extra layer of protection to your purchases and works by requiring a second form of verification, such as a code sent to your phone, in addition to your password. Activating 2FA makes it harder for unauthorized users to make purchases with your card.

Also, check out if your credit card provider offers the use of virtual credit cards. If you can use these temporary numbers instead of your actual card details, you’ll be able to get extra protection against potential fraud. In case the virtual number is compromised, you can have peace of mind knowing that your real credit card information remains safe.

Still, regularly review your credit card statements to spot any unauthorized transactions as quickly as possible. If you notice any suspicious activity, report it to your credit card issuer immediately. The good news is that most providers offer zero liability protection, which means you won’t be held responsible for fraudulent charges if you report them promptly.

Tip 5 - Look for Deals and Discounts

Make sure to look for promo codes and coupons that can reduce the price of your purchase. A number of websites and browser extensions can help you find valid discount codes for various foreign online stores.

Also consider joining the loyalty programs of the online shops you frequently buy from. These programs often offer exclusive discounts, early access to sales, and points that can be redeemed for future purchases. Participating in these programs can help you get better deals and stretch your budget for foreign goods even further.

Tip 6 - Learn Your Card’s Return Policies and Fees

Lastly, make sure you carefully read the return policies of the foreign online shop you’re buying from. Knowing the conditions under which you can return an item, as well as any associated costs, can save you from potential headaches.

Some stores may offer free returns, while others might require you to cover return shipping costs. You should also be aware of the costs associated with returning items internationally, as these can be quite high. If you need to return an item, consider using a shipping service that offers tracking and insurance to ensure that your package reaches its destination safely.


Tips like the ones mentioned above can make your online international shopping experience more rewarding and secure overall. Be a smart consumer and maximize the benefits afforded by your credit card while minimizing the costs of shopping in foreign online stores and getting the most value out of your much-awaited purchases.