credit cards abroad

lynnmac_3

This is my first post, although I read the forums all the time.

we have always saved hard for every holiday we go on and last year we overspent on a few things in Orlando and so used a credit card, on arrival of the credit card bill when home, we realised the exchange rate was much better through that than anywhere we had seen here or there. This year we went to gran canaria and the same thing happened, we paid for something in the airport with a credit card and once again when the bill came in, we found the exchange rate was much better.

My question is, we are off to New York in May and was wondering if we would be better saving all our money, we would normally change into dollars, and buying everything there on a credit card and paying it off when the bill comes in with the money we have saved?????

Hope someone can make sense of this question, the exchange rate was quite a bit different on credit card to anywhere we've seen in any shop or online.

Thank you in advance for any replies

Lynnmac

Tojo_Ralph

lynnmac wrote: »

My question is, we are off to New York in May and was wondering if we would be better saving all our money, we would normally change into dollars, and buying everything there on a credit card and paying it off when the bill comes in with the money we have saved

The answer has to be based on the assumption that the exchange rate remains unchanged throughout the above referenced situation ..... And the answer is that you are almost certain to find that the exchange rate you receive on your credit card is better than the exchange rate offered at a currency exchange/money changer.

If you have the likes of the Nationwide Credit Card, it is guaranteed.
....