A MasterCard study reveals where business credit cards are most likely — and least likely — to be accepted internationally.
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According to the report that included the survey, most of the respondents’ companies (78 percent) required their traveling employees to use a business credit card for expenses. Problematically, these cards weren’t always accepted. In fact, 73 percent of respondents said some vendors declined their corporate credit cards, but accepted another card brand — often their personal credit cards. The study’s respondents reported Europe, Asia and Canada as the countries they traveled to the most for business, so even the countries rated highest for card acceptance still have vendors who are not so card-friendly.
Additionally, most of the respondents (95 percent) said they came across vendors who did not accept any credit card of any kind — a fact that stresses the importance of having cash on hand during international travel.
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