Fair FX Help please

whatusername

Louisdf wrote: »

Well as it says there's no fee, surely you just get the rate at which you brought it. So, if you brought something for £100 at 1.20, then 120 euros would be taken off the card, right? So you're not losing anything.

That is a common assumption but it most definately is not true, you will get the Euro-GBP exchange rate of that day and not the rate you purchased at.

That said the rate could be greater or less than what you purchased at depending on what the GBP is trading to the Euro at.

Louisdf

whatusername wrote: »

That is a common assumption but it most definately is not true, you will get the Euro-GBP exchange rate of that day and not the rate you purchased at.

That said the rate could be greater or less than what you purchased at depending on what the GBP is trading to the Euro at.

Thanks I never knew that. I will keep that mind when planning to use it in the UK.

Donnie

Louisdf wrote: »

Also OP, I don't think natwest are that bad for spending abroad. The debit card is expensive, especially for withdrawing. However, I have used the credit card on foreign websites/POS abroad and I got the interbank rate minus a few pennies.

They take at least £2.75 on top of every £100 spent.

margaretd

I really like the Fairfx card, I got a really good rate earlier this year, and the bonus is it saves you £10 admin fee on every return Ryanair flight!