![]() ![]() The exchange rate is fast moving and can change by the second. These interest charges can add up to more than you can save from getting the best exchange rates, so if you want to make sure you're not caught out, make sure to pay off your card balance before the end of each month. The issuer usually plans to recoup the money they lose through interest charges or annual fees for the card. This is an incentive to attract customers and encourage them to spend. Typically, the fee-free spending is only available for card purchases, as a separate fee will apply for withdrawing cash (as well as possible ATM fees) which makes the cash exchange rate far less competitive.Ĭard issuers who don't charge foreign transaction fees are typically making a loss per transaction, as they are swallowing the costs of processing your transaction and converting your pounds into foreign currency. Spending on these cards can get you some of the best exchange rates for euros at the MasterCard/Visa daily exchange rate. You want to look for cards with no foreign/overseas transaction fees or non-sterling transaction fees. Visa/MasterCard exchange rates very close to headline rates, but card usage fees make them more expensiveīest rates to be had through no foreign transaction fee cards (but only for card purchases and watch out for interest charges) Headline rates are not generally available to the publicīureaux de change are typically the most expensive way to buy currency How to get the best exchange rate for euros, things to remember: You can buy travel money from high-street bureax de change, or order it from an online currency broker, load a pre-paid card with cash to spend when you're on the abroad, or simply use your credit card. Professional indemnity insurance quotes.Back to Insurance Travel and Business insurance.Back to Insurance Life and Health insurance.Back to Insurance Home and Tech insurance.Back to Mobile phones News, reviews & guides. ![]()
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