Going on holiday can be expensive, however here are some tips to make your money go furrther abroad.Cash vs Credit cards vs Traveller’s Cheques
Traveller’s cheques are safe & secure but the exchange rateis poor compared to the other two
Cash
In the
Two places which offer competive rates are the Post office and Marks & Spencer. You can order currency at sub Post offices & the money will be there the next day
Credit Cards
In theory credit cards, should offer the best deal however only really with a couple of cards
The best card to use is probably Nationwide’s. There is no charge for using it abroad. Most cards will charge you 2.75% of the amount .
Saga for the over 50s offers a % charge in Europe but 1% outside
If you withdraw it cash using a credit card, standard charges are 2% with a minimum of £2.
Note: if you have a Nationwide Flexaccount Debit card, there are no charges for purchases or for making cash withdrawls.
2 comments:
Can recommend the Nationwide Flexaccounts and also the Nationwide credit card. I saved reasonable amount of money on a recent trip to the States using these for food, lodging etc. No charges made for using either and the credit card gives a good rate of interest - they don't try to claim the lack of fixed charges back through poor conversions. Ensure you have a plan b though just in case your cards are lost/stolen.
Thanks for your comments & field testing the cards
Sean
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