morning Baggies.
do any of you lot know when you go abroad and make a payment on your card and they ask if you want to pay in Euro's or Sterling (or something like that) why, what's the difference and which is the best option? please.
off on my Jollies at the weekend you see (20 year wedding anniversary (so I may even let the wife get lucky
))
ta
Get a Monzo card, just top it up with what you want to spend abroad and doesn't charge fees and uses the standard mastercard rate. You'll get £5 free if you ask someone with one for an invite code. I can text you one if you PM me.
(11-01-2019, 09:13 AM)Midget In A Pinstripe Suit Wrote: [ -> ]Get a Monzo card, just top it up with what you want to spend abroad and doesn't charge fees and uses the standard mastercard rate. You'll get £5 free if you ask someone with one for an invite code. I can text you one if you PM me.
Think they've stopped the referral thing.
Re. the OP, depends on situation.
If the local currency is Euros and you have them, pay with them.
(11-01-2019, 09:16 AM)baggiebloke Wrote: [ -> ]Think they've stopped the referral thing.
That's a shitter.
You need to work out which is best for you.
Some will convert at a reduced local currency, others will convert upon receipt in the UK at a fair rate, and charge a handling fee.
I do know that Nationwide are very fair with their conversion rates. I tend to use a multi currency card, and don't beat myself up on the costs. It is a cost of the holiday.
It's always recommended that you pay in the local (foreign) currency as this stops the store's bankers charging exhorbitant conversion or transaction fees which you have no control over. Instead, you'll just pay your credit card company fees which should be lower.
I'd also suggest (for future reference) you look into getting a FairFX card which is too long winded for me to explain on here, but basically works like a debit card with low conversion fees.
Have a great time.
cheers Fella's.
I've got to pay the hotel on checking out (we usually have package deals where it's all paid for before we go) and it'll come to quite a few bob I'm guessing, with the way the wife goes at the cocktails.
so it'll be either credit card or I could even use my debit card if that would work out better?
Get a credit card that doesn't charge foreign transaction fees, I travel a bit and use the Post Office credit card for personal expenses and pay in the local currency when given the choice. Like DK says at least you will know the hotels / shops won't rip you off with their exchange rates.
I have a revolut card which you pre-load or can autotop up and receive really favourite rates as you just convert lumps into the local currency. You can also withdraw cash on it at a local rate, which I’ve always found to be far better than any credit card rate or converting abroad. You manage it through an app, and upload direct from your bank account... it’s worked in card machines and ATMs all over the world - even Cuba!
I’ve also got the Nationwide Flex Plus account which gives very decent rates as KKC says, and doesn’t charge for withdrawals.
As DK says, pay in the foreign currency to prevent yourself from being ripped off when the conversion to sterling is done.
And as Baggy1 says get a credit card that doesn’t charge a foreign transaction fee. I’ve got one from Halifax and it only gets used when abroad. Too late for you to sort out for this holiday but worth considering for the future.