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75 Euro/$ bonus on exchange with Amex Travellers Cheque Card
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jasavib1
Posts: 28 Forumite
Hi
I am going to the USA over christmas, so I have been looking for a good exchange rate on my money. I settled on the American Express Travellers cheque card, as they are currently offering a 75$ (or euro) bonus if you preload 1000$ (or 1000 euro) on the card. The card is a prepay card which you can load money onto using your debit card. The exchange rate is quite favourable, I checked it against the post office rates and amex's rates where substantially better. The only down side is the £20 issuance fee charged per card. When I factored this in though the exchange rate I recieved was still much better than the post offices. You can also use the card in ATM machines, although there is a $2.50 charge. It seems a quite good deal, although I am not sure how widely accepted it is in Europe, I feel it's definetely worth checking out if you are going to the USA. I have included a link below for anybody who think it's worth a look, although please read the Terms and Conditions first if you are considering it in case I missed something.
http://www.americanexpress.com/uk/tcc/index.shtml
regards
jasavib1
I am going to the USA over christmas, so I have been looking for a good exchange rate on my money. I settled on the American Express Travellers cheque card, as they are currently offering a 75$ (or euro) bonus if you preload 1000$ (or 1000 euro) on the card. The card is a prepay card which you can load money onto using your debit card. The exchange rate is quite favourable, I checked it against the post office rates and amex's rates where substantially better. The only down side is the £20 issuance fee charged per card. When I factored this in though the exchange rate I recieved was still much better than the post offices. You can also use the card in ATM machines, although there is a $2.50 charge. It seems a quite good deal, although I am not sure how widely accepted it is in Europe, I feel it's definetely worth checking out if you are going to the USA. I have included a link below for anybody who think it's worth a look, although please read the Terms and Conditions first if you are considering it in case I missed something.
http://www.americanexpress.com/uk/tcc/index.shtml
regards
jasavib1
0
Comments
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cheers jas, and welcome to the site!!
Hope you have a good holiday!0 -
Bear in mind when you are comparing rates that the Post Office is not particularly good.
The best rates on cash are here: http://www.travelex.co.uk/
and the best rates for a card are from Nationwide.
You might like to check out Martin's article on spending abroad too.0 -
Reaper wrote:Bear in mind when you are comparing rates that the Post Office is not particularly good.
The best rates on cash are here: http://www.travelex.co.uk/
and the best rates for a card are from Nationwide.
You might like to check out Martin's article on spending abroad too.
Thanks for the advice.
I checked the rates at travelex and they are much better rates than both amex and the post office. With regards to the money I exchanged it works out that I am $35 dollars better off with the amex card (including the £20 issuance fee) than if I'd changed the same amount at Travelex. I guess the card is only really worth having for the $75 bonus. I also checked out Martins article and the cards look really good but unfortunately I have none of the cards mentioned and lack of time will prevent me from applying (fly out on 24 Dec). All the cards I currently hold charge extortionate fees for using abroad. This was another reason why I opted for the Amex Card as if I wan't to use an ATM machine I know the maximum I can take out is $440 and it will cost a fee of $2.50. Although I would rather not be charged at all for taking my money out of the hole in the wall, compared to my bank, credit card charges this doesn't seem to bad.
Regards
Jasavib10
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