Say no to Nationwide cards for travel

ferf1223

photome wrote: »

How can there be no cash withdrawal charges on a credit card as surely that is a cash advance which would be subject to a fee.

Please correct me if i am wrong

I think that the no foreign exchange fee on cash withdrawals is the only real difference between the PO and the Zero card (it's why we've never bothered as we never cash advance a credit card). You'll start paying interest straight away I think though, and at the higher rate for cash advances - it's just that they don't charge x% of foreign currency cash advance like most cards do.

Donnie

photome wrote: »

How can there be no cash withdrawal charges on a credit card as surely that is a cash advance which would be subject to a fee.

Please correct me if i am wrong

I would correct you if what you wrote made any sense.

No cash withdrawal charge means just that. Any interest you pay is based of when you clear your balance.

stephb34

For some reason who knows why, if you have a Thomas Cook credit card and purchase foreign currency in a Thomas Cook shop you dont pay cash advance fees, commission or any charges at all unless you dont pay the bill in full each month, but since the 27th of april when paying for a holiday with this card you have to pay a 2.5% charge up to £50. Who knows what the logic is on this one.

EycplUK

Just returned from Belguim after 4 days of Beers, Chocs and Waffles !
Used my Nationwide Cash Card to withdraw Euro`s from an ATM , have paid NO charge for this and we got the Interbank Rate which was a couple of cents above the 1.15 showing on the exchange boards !
So another happy tripper !

photome

Donnie wrote: »

I would correct you if what you wrote made any sense.

No cash withdrawal charge means just that. Any interest you pay is based of when you clear your balance.

I thought it made perfect sense.

I was under the impression that if withdrawing cash on a credit card that is classed as a cash advance and subject to fees. It does seem, according to Santander zero t and c that they dont charge a fee for a cash withdrawal on the credit card but they do charge interest from the time of the transaction.


Just searched the santander site and found this

0% cash advance fee - you'll pay zero fees for cash withdrawals1


1 Some independent ATM providers may charge a fee for cash withdrawals. Cash Transactions charged at a standard rate of 27.9% APR. Interest charged on all cash transactions from date of transaction


That leads me to believe I will still be better off using my PO credit card for purchases and my Nationwide debit card for cash wothdrawals when abroad

Donnie

stephb34 wrote: »

For some reason who knows why, if you have a Thomas Cook credit card and purchase foreign currency in a Thomas Cook shop you dont pay cash advance fees, commission or any charges at all unless you dont pay the bill in full each month, but since the 27th of april when paying for a holiday with this card you have to pay a 2.5% charge up to £50. Who knows what the logic is on this one.

You are paying the fee just buy purchasing foreign currency at Thomas Cook. The rate is probably quite poor.

silkcutblue

Mr_Lahey wrote: »

I say this time and time again, the Caxton card is the best travel card.

Better than Natwest, better than FairFx and better even than Amex.

Thanks for saying it one more time (i'm never in these threads in the forum). Checked out their site. Seems just what I need.