![]() Retailers typically offer poorer exchange rates, so if you pay in pounds sterling, you’ll pay more for your purchase than expected.įinally, it’s worth taking a small amount of travel money with you to cover any expenses that can’t be paid for on plastic. However, if you can find one that doesn’t charge a fee for loading or holding money on it and that comes with Visa or Mastercard exchange rates, it will be as cheap as using a travel credit card.īear in mind that however you pay for items, if the retailer offers to convert the payment into pounds rather than the local currency, ask to stick to the local currency. In addition to using a card with no foreign transaction fee, you’ll want to avoid dynamic currency. With any USAA credit card, cardholders will save an average of 1.54 on each purchase they make abroad or with an international merchant, compared to the average credit card offer. These can also be free to spend on and make cash withdrawals with, but you won’t always get the best exchange rate with them. All USAA credit cards have no foreign transaction fees. In addition, a travel bank account generally does not charge you anything for cash withdrawals (neither fees nor interest) – although some come with a limit on how much you can take out of the ATM.Īnother option is a prepaid travel card. The Home Trust Preferred Visa is one of the few no foreign transaction fee credit cards available in Canada, saving you money on every purchase you make in a. Chase Sapphire Reserve at Chase's secure website TRAVEL RATING 4.9 OVERALL RATING 4.7/5.0 Our Review Earn 60,000 bonus points after you spend 4,000 on purchases in the first 3 months from account opening. ![]() Many digital-only providers, such as Starling and Revolut, offer bank accounts with debit cards that are free to use overseas, and you’ll benefit from the Visa or Mastercard exchange rates while spending. Here are the top five overall cards with no foreign transaction fees. You also need to apply for your credit card in plenty of time.įortunately, there are plenty of alternative options to consider. To get the best deals, you usually need a good credit record. Not everyone will be accepted for a travel credit card. ![]() Missing payments risks hurting your credit score too. Some credit cards might also charge monthly or annual fees, and if you’re late making a repayment or miss it completely, fees also apply. One of the big drawbacks is that they often don’t offer 0% deals on purchases, which means that unless you clear your balance each month, you’ll pay interest on all your holiday spending. However, credit cards for travel won’t be the most suitable option for everyone. That's because the exchange rate you're getting is about the best you can find as a member of the public - with the Visa and Mastercard rates almost identical to those currency traders use for international transactions.Īnother major benefit is that you get automatic purchase protection on things you buy worth more than £100 and up to £30,000 thanks to UK credit card laws. Credit cards with no foreign transaction fees are often the cheapest way to buy something while abroad.
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