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Which Credit And Debit Cards Are Best For Worldwide Travel

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Comments

  • iblametheparents
    iblametheparents Posts: 629 Forumite
    Part of the Furniture Combo Breaker
    edited 17 September 2010 at 6:53PM
    From Caxton's website, with regards to their Global Traveller card:

    "The exchange rate applied is fixed at 2.5% from the prevailing interbank rate."

    Remember, the Euro and Dollar cards' exchange rates are chosen by Caxton/FairFX, and are displayed on their website, I have generally found these to be 1.75%-2% off interbank rates.

    The Global Traveller/Anywhere cards' exchange rates are the current Mastercard interbank rates, you have to go on Matercard's/xe.com's website for this.

    I will repeat once again: the FairFX Anywhere card is the 'best' prepaid card you can get today, the prepaid card section of the Travel Money article should really be updated.
  • dzug1
    dzug1 Posts: 13,535 Forumite
    10,000 Posts Combo Breaker
    belly1 wrote: »
    I think they make their profit on these cards through the exchange rate they give you

    plus the merchants' fees on purchases
  • Thanks for the information everyone and you're right belly - they all have to make some profit somehow.
  • crikey !!

    no wonder im confused seeing the too-ing and fro-ing you experienced peeps are having !!!

    i think im going to get both caxton and fairfx cards and do a comparison on my return.
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