Budget

International Teacher Identification Card

Some of you may remember AIESEC from when you were in college—this was the organization where all of your friends who love to drink would host (party with) the foreign students who were studying at your university.  They also went on a lot of awesome trips abroad—again, mostly as an excuse to drink beer from many different countries.  Lucky for us, not only does being a student garner these benefits, so does being a teacher.

Okay, so it isn’t quite the same as in college.  For our RTW trip, I have procured an International Teacher Identity Card (ITIC).  The ITIC the grown up version of the ISIC and the similar AIESEC .  In order to get this card, I had to go to STA Travel, prove that I am currently a full time teacher (I failed to tell them that I was quitting my job for my travels), and pay a measly $25.00.  After a couple of weeks, voila!  My card was in the mail.

Teacher Discount Card for World Travel!

Of course the important question is:  What is the point of getting the card?  Well, it actually offers a number of benefits:

  1. It is proof that I am a teacher and in many places around the world, they actually respect and revere this profession, therefore offering a wide array of discounts and opportunities.  Many museums and major tourist attractions offer educator discounts and there are even occasional discounts on transportation.  Since we’re traveling on a budget, we’ll take any discounts we can get!
  2. It can be used as a pre-paid MasterCard.  We aren’t planning on using it in this way because we have other ways of accessing our money. But we could load money onto this card and access it easily from any ATM or use it like a credit card.
  3. The ITIC offers a very small amount of travel insurance that comes along with having the card.  It is not our primary source for travel insurance, but it offers some nice supplementary coverage.
  4. It is yet another form of photo identification that could be used in place of something else.  For example, if we rent bikes in Copenhagen and have to leave ID behind to ensure we return the bicycles, we could leave this rather than our driver’s license or passport. The thought of leaving those makes me a bit nervous.

Visiting the classroom in RTWReally though, what I’m hoping this card will help me do is to talk my way into different schools around the world.  It will be proof that I am a teacher and make me seem like less of a weirdo when I go barging into some middle school in New Zealand asking if I can observe a class or talk to some of their teachers (after all, New Zealand is ranked #2 in the world for reading scores…I could learn so much).  I am so excited by the prospect of seeing other schools and meeting other educators.  We will be visiting my cousin Gaye, who has been teaching middle school in Japan for the past 30 years.  Her first day of school is while we are there. Sure, she teaches at an American Air Base, but still: how cool to see their beginning-of-the-year routines.  Hopefully my ITIC card will help me get my foot in the door!

-Brooke

Categories: Budget, Discounts, Doccuments, New Zealand, Packing, Teaching, Trip Prep | Tags: , , , , , , , , , , | 1 Comment

Best RTW Credit Card

Our credit card is going to get a lot of use as we circle the globe, so we were careful to make sure we’re taking the best credit card for a round the world trip. A Masterful Mastercard. A Visionary Visa. Some Prize Winning Plastic. Since we’re traveling light, we wanted to have one primary card that can satisfy all of our needs.

Among thousands of options, we quickly found that NOT all credit cards are created equal. For starters, American Express and Discover are not widely accepted in Europe and even less so in other parts of the world so those options were tossed out immediately. Also, the goal was to find a card that has a very low or no foreign transaction fee. An average card may have a 3% to 5% transaction fee per international purchase. An additional three percent on just about everything you buy can add up quicker than parking violations on a NYC based FedEx Truck.

We searched, read reviews and looked at fine print until our eyes bled. We decided on the Chase Sapphire Preferred Card. The Chase card had quite a few things going for it. First, they offer a somewhat-rare 0% Foreign Transaction Fee on all purchases. Nice. Chase also offers a 24-hour customer service line to help when you’re in a pickle. Better than dealing with this person. Next, the card is a Visa managed card meaning near universal acceptance. They also have a generous rewards program that amounts to 2% cash back or 2.5% towards travel rewards along with an introductory offer that allows you to earn the equivalent of $500 in travel vouchers if you spend $3,000 in the first three months. We’ve never been big on the credit card rewards and don’t quite fully understand the ins and outs, but this might change that.  And finally, the card is actually made out of pure Sapphire gems. Making it both the heaviest and most valuable item we’re bringing with us. Okay, that’s not true, but it is a cool looking card made of a deep dark blue.

Chase Sapphire Awesomeness

Worth pointing out that there is a pesky $95 Annual Fee, but the fee is waived for the first year you own the card. And we’re pretty likely to cancel the card next June if they insist that we pay that full amount. Also the current rate on the card is pretty lousy 15.24% so it is in our best interest to pay the balance every month.

Last but not least, since this is a bit of a higher tier card, the application is a bit more stringent. Brooke and I both applied just in case there was a delay in the processing (Chase had indicated it could take up to 30 days) or some other problem. I was satisfied when I found that I had been approved with a solid credit limit. That was until we found out just minutes later that my wife was approved with a credit limit that was five times that of mine. Not that credit standing is a competition, but I certainly felt a bit snubbed knowing that I am 1/5th as desirable from a credit point of view as my wife. Our friend Jack, who works in risk management at HSBC, pointed out that since I had already left my job when I applied for the card, that may have impacted my credit. Words of comfort for my woeful credit limit indeed.

-Phil

Categories: Budget, Credit Card, Finances, Trip Prep | Tags: , , , , , , , | Leave a comment

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