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Yes! Especially traveling outside the US.

In the US it's common for merchants to always take both, it's not so elsewhere. I did take a taxi once in the US that only took one and not the other - and not the one I had.

That ended up as a half hour drive around town looking for an outdoor ATM.



Another interesting "feature" of credit cards is that they tend to charge a percentage for foreign transactions, and so do the banks that back the cards.

http://www.creditcards.com/credit-card-news/foreign-transact...

The only major one that doesn't is Capital One... and they mostly issue mastercards.




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