Don't paint a prettier picture than it really was. The Washington Post reports about a young man that made a visit to the family country club for a workout and had his gym bag stolen from the locker room which contained his airline ticket, checkbook and VISA travelers checks. VISA declined to replace the stolen checks claiming Steven was negligent leaving the checks unattended in a public area. The state of Maryland stepped in and replacement checks were given, but this story comes with a warning. VISA claims to make warnings about replacement check more readily available on their web site.
Travelers checks are extremely profitable for the issuer.
We basically give these issuers an interest free loan when we purchase them and don't redeem them all for purchases. Don't take the risk and purchase travelers checks. You may be faced with the same denial for replacement. Instead, use your ATM card worldwide and withdraw only the amount of cash you need for a day or two. Time to chill Clark enjoys six weeks of vacation each year.