Most cards add a 3% cost to the exchange rates banks themselves get. You can avoid this by packing a specialist card that doesn’t add this ‘load’, meaning you’ll get perfect exchange rates which beat even the best bureaux de change. Pocket one just for spending overseas (always repay IN FULL to avoid interest). You’ll need to apply at least three weeks before you go.
Our long-term winner is the Halifax Clarity* Mastercard credit card. Use it to spend and you get the same perfect exchange rate the banks get and it’s has low ATM withdrawal fees. Plus apply before 3 September and get £20 cashback on your first purchase abroad before 30 September 2017. The cashback will be credited to your card account within 90 days.
The Barclaycard Platinum Visa* is our top pick for cash withdrawals as it has no fees, and charges no interest on overseas withdrawals if you pay IN FULL every month. There’s no cashback though.
Before applying, we’ve a canny eligibility calculator, which leaves NO credit file mark and lets you see how likely you are to get ’em.
Always pay both cards off IN FULL each month, or you’ll pay 18.9% rep APR on each.Travel Tips