credit card for dollar spending

Electrobag

anyone have any idea which credit card(s) have no percentage fee for shopping in US dollars? I believe nationwide scrapped that particular incentive. im not sure about abbey zero now santander have taken over.

Kylie

http://www.moneysavingexpert.com/travel/cheap-travel-money#topcards

Overall Winner: Santander Zero. Worldwide 0% exchange rate load & ATM withdrawals

The Santander Zero (formerly Abbey) card has no foreign exchange loading anywhere, so you get the best possible exchange rate, and uniquely it doesn't charge a fee for withdrawing cash.

The only negative is its high 27.9% cash withdrawal interest rate, which you pay even if you clear the card in full. Yet as that’s roughly £2 for a month per £100, it's still cheaper than paying interest PLUS the cash withdrawal fees on other cards.

This card also has a decent balance transfer offer; 0% for twelve months with a 3% fee. However, if you're using it for spending abroad, don't do a balance transfer too, as this can end up costing you big.

Quick Stats. European Load: 0%. Worldwide Load: 0%. Cash withdrawal fee: £0. APR: 18.9%. Interest charged on cash withdrawals even if paid off in full: Yes, 27.9%.


Next Best: Post Office. 0% load worldwide.
The Post Office* credit card has no foreign exchange loading anywhere, so you get the best possible exchange rate at all times.

It does charge a 2.5% fee (minimum £3) for cash machine withdrawals though, so Santander Zero beats it if you'll be taking cash out while abroad..

Quick Stats. European Load: 0%. Worldwide Load: 0%. Cash withdrawal fee: 2.5% (min £3). APR: 16.9% Interest charged on cash withdrawals even if paid off in full: Yes, 20.83%

td_007

Electrobag wrote: »

anyone have any idea which credit card(s) have no percentage fee for shopping in US dollars? I believe nationwide scrapped that particular incentive. im not sure about abbey zero now santander have taken over.

Both Abbey (Santander) Zero and Post Office cards have 0% on foreign purchases. Nationwide is passing on the 0.84% charge that Visa levies (Visa has decided not to increase the charge to 1% from July and hence 0.84% charge is maintained for Nationwide at the moment).

The drawback with Abbey Zero card it that it may attract a £10 dormancy fees if it not used or has zero balance for 6 running months - so you will have to pay attention to keep it "live"

In other words if you spend £1000, you would pay an additional £8.4 with the Nationwide card compared to Abbey, but have the hassle (not if you plan to use it regularly) to keep it going or pay up £10 which wipes out any potential saving that you make.