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Making your holiday money go further - Text Version
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Making your holiday money go further
Being prepared for a holiday isn't just about remembering to pack trashy novels, flip flops and the right sun lotion.
When it comes to holiday finance, a little know-how could really stretch your budget - and stop you getting burned when you're away.
So, if you'd like to return your seats to an upright position and fasten your safety belts, let's see how you can make the most of your holiday money.
Over to you, glamorous cabin crew.
This is because credit cards and some debit cards charge 'cash withdrawal fees' at the bureaux de change.
So instead, before you leave the UK use a debit card to take cash out of an ATM, and buy your currency that way.
For the best deal don't get it at the airport either. You may get comparatively poor exchange rates there.
Yes, whilst some cards actually add a fee every time you spend on them, other cards are designed to be used abroad - and don't come with certain international fees and charges.
And if you take any kind of credit card you may be able to make a claim against the supplier, your credit card provider, or both if there are any problems.
Yep. Not to be confused with ridiculous baggage charges, foreign currency fees are usually added onto the exchange rate by your bank when you make foreign transactions.
A credit card exchange rate will usually be very competitive, but once the foreign currency fee has been added - typically an extra 2.75% - your exchange rate may not be quite so favourable.
Though obviously that doesn't mean running off with the first attractive foreigner you come across.
If you're paying by card and offered the choice of settling in pounds or the local currency - go for local currency. You tend to get a much better exchange rate, as the retailer is not able to set their own conversion rate.