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Paying for something in local currency vs sterling?
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
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