Martin Lewis issues warning holidaymakers over rule when spending money abroad
MARTIN Lewis has warned holidaymakers about a simple rule that they should follow abroad when spending money.can seem like the obvious option as it’s we know its value and the currency usually linked to the card.And if you are using a specialist travel card you will get a "near perfect" exchange, while those not using the card will likely face 3 per cent fees.
“If you pay it is your card that does the conversion. If you’re on a specialist card, you get a near-perfect exchange rate. If you’re not a specialist card, it’s going to cost you 3 per cent but that’s still usually better than the overseas machine.”On tonight's show Lewis also talked about where the best place to get cash out would be and take overseas if you needed to do that.
Santander card holders may be able to use Santander ATMs withouit being charged a fee abroad but check the details of your card.Zara McDermott breaks silence on ‘explosive row' with boyfriend Sam Thompson These cards include travel credit cards and pre-paid cards which can let you pay abroad without fees or at a set exchange rate.Travel credit cards allow you to spend money abroad without being hit by any fees or hidden charges.But you will be charged interest if you don't repay your balance in full at a rate of 19.9 per cent.
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