November 5, 2024
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‘No foreign transaction fees’: I keep getting charged extra when I use my debit card abroad. How can I avoid these annoying fees on my next trip?

‘No foreign transaction fees’: I keep getting charged extra when I use my debit card abroad. How can I avoid these annoying fees on my next trip?

Hi Money Minder,

Planning a trip overseas or getting ready for a work trip abroad? A travel credit card could be your secret weapon for saving money while spending in a different country.

Let’s face it – your regular debit card from your bank? It usually hits you with high fees for foreign transactions or cash withdrawals. But don’t worry! There are tons of cards out there that can help you avoid these annoying charges.

Our team did some serious digging in the travel credit card market and found some amazing deals. Check out the top UK credit card for travel below.

In this article, we’ll break down the best payment cards to use while you’re abroad. We’ll talk about the pros and cons of using a credit card, and we’ll cover features, fees, exchange rates, and travel rewards too.

How to Pick the Best UK Credit Card for Travel?

What’s a travel credit card, and why should you think about getting one? Well, if you want to cut down on the cost of your holiday spending without worrying about fees for using a card in another country, a travel credit card could be just what you need.

These special travel credit cards are made for using outside of the UK. One major perk is their amazing exchange rates when converting currency. This is super handy because every time you use a UK card abroad, your spending gets converted from GBP to the local currency.

Plus, travel credit cards often don’t come with foreign transaction fees, also called non-sterling transaction fees. Getting charged every time you buy a drink at the beach bar can quickly add up.

So, what should you focus on when hunting for a travel credit card?

  • No foreign transaction fees – Say goodbye to those pesky extra costs.
  • No upfront or annual fees – Keep your card expenses low.
  • Low or no cash withdrawal fees – Access your money without getting hit with high charges.
  • Extra rewards – Look for bonuses like cashback, air miles, or reward points.
  • A solid exchange rate – Try to find rates close to the mid-market exchange rate, just like what the Wise card offers.

For more info, head over to Creditdebit.uk!


Seeking Savings

Response from THE MONEY MINDER:

Hello There,

Hello there,

If you are gearing up for an overseas adventure or an international business trip, having a travel credit card could be a smart financial move. Let’s face it, traditional bank debit cards often come with high fees for foreign transactions or cash withdrawals. But fear not, there are plenty of travel credit cards out there that can save you from these extra charges.

Our team conducted thorough research on the best UK credit cards for travel and rounded up some great options to consider. These cards not only offer fantastic exchange rates when converting currency but also come with benefits like no foreign transaction fees, low or no cash withdrawal fees, and even rewards like cashback or air miles.

When choosing a travel credit card, look for key features like no foreign transaction fees, no upfront or annual fees, low cash withdrawal fees, extra rewards, and a good exchange rate. Aim for a card that offers rates close to the mid-market exchange rate to ensure you’re getting the best value for your money.

In conclusion, having a travel credit card can help you save money and make your international travels more convenient. It’s essential to choose a card that suits your needs and offers the most benefits while traveling abroad. For more information on the best UK credit cards for travel, visit Creditdebit.uk.

Safe travels,

THE MONEY MINDER

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