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Using Your Card Abroad

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Comments

  • Baldur
    Baldur Posts: 6,565 Forumite
    I've used my Flex account Debit Card for years in both Dubai & Bulgaria - always the full Visa rate of exchange and no additional charges whatsoever.
  • benjus
    benjus Posts: 5,433 Forumite
    Part of the Furniture 1,000 Posts
    When used with obscure currencies the exchange rate can be different to the published mid-market rate on sites such as www.xe.com . The Visa website doesn't list exchange rates for obscure currencies, so it's hard to work out why this happens - it's probably just that Visa can only obtain the mid-market rate for currencies that it deals with in large quantities. However, the Nationwide card is still cheaper than any other way of accessing cash.
    Let's settle this like gentlemen: armed with heavy sticks
    On a rotating plate, with spikes like Flash Gordon
    And you're Peter Duncan; I gave you fair warning
  • Baldur
    Baldur Posts: 6,565 Forumite
    benjus wrote: »
    The Visa website doesn't list exchange rates for obscure currencies, so it's hard to work out why this happens - it's probably just that Visa can only obtain the mid-market rate for currencies that it deals with in large quantities.
    The Bulgarian Lev rate is always mid-market - presumably as it has been pegged 1:1 to the old Deutschmark and, hence, the Euro at a rate of 1.95583 since around 1999.
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