We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Paying for something in local currency vs sterling?
Options
computerdog
Posts: 4 Newbie
in Credit cards
Hi All
I have just come back from a holiday and was curious about something when I paid for my hotel bill.
The gentleman asked if I would like to pay in the foreign currency or in sterling when paying with my UK credit card.
Does it matter which one I choose and if so which works out better?
The same applies when withdrawing cash with my debit card abroad (I don't do this often and is mostly when I need more cash) as some banks ask the same question.
Many Thanks for your help.
I have just come back from a holiday and was curious about something when I paid for my hotel bill.
The gentleman asked if I would like to pay in the foreign currency or in sterling when paying with my UK credit card.
Does it matter which one I choose and if so which works out better?
The same applies when withdrawing cash with my debit card abroad (I don't do this often and is mostly when I need more cash) as some banks ask the same question.
Many Thanks for your help.
0
Comments
-
As a rule-of-thumb it's better to specify local currency. MasterCard and Visa generally will give you a better rate-of-exchange than the merchant.Are you for real? - Glass Half Empty??
:coffee:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards