GBP credit card and paying in different currencies

Lenet4

When paying by GBP credit card, if the company has given me the option to pay in another currency, is it best to pay in other/local currency or could I save by paying in GBP?

thanks

Rafter

Depends on the credit card and the exchange rate applied by the company.

If you have a 'commission free' or low commission card such as Halifax Simplicity, Post office or Nationwide, you will always be better off paying in local currency and using the bank conversion rate to GBP. Other cards generally charge between 2.5% and 3% as commission when they convert to GBP. If the retailer is charging less than this you might be better off. You can find the 'official rate' without commission at XE.com

Good luck

R.

Bravehearted_2

Rafter wrote: »

Depends on the credit card and the exchange rate applied by the company.

If you have a 'commission free' or low commission card such as Halifax Simplicity, Post office or Nationwide, you will always be better off paying in local currency and using the bank conversion rate to GBP. Other cards generally charge between 2.5% and 3% as commission when they convert to GBP. If the retailer is charging less than this you might be better off. You can find the 'official rate' without commission at XE.com

Good luck

R.

No such thing as far as I'm aware - must mean Halifax Clarity.

Local currency is usually best.