Spending Overseas: The cheapest way to pay Article Discussion Area

moob_2

elash wrote: »

Hi all, can you help? I'm off travelling for a year soon, and need a credit card that:
1. Has the longest 0% on purchases possible
2. Is free to spend on overseas

It seems that the longest 0% offers are on cards that charge for spending abroad - while the ones that are free to spend on are only 3 months max 0%!
Any ideas?!
Cheers

I'm afraid you've answered your own question!

Other solution would be to get a Nationwide Debit Card, deposit funds in it prior to leaving. Free withdrawals and best rate around.

elash

moob wrote: »

I'm afraid you've answered your own question!

Other solution would be to get a Nationwide Debit Card, deposit funds in it prior to leaving. Free withdrawals and best rate around.

lol ok thanks moob, I was just hoping there was some way around it! I've got the debit card already, but need a credit card too. Say if I spend £1000 over a year, only paying off the minimum, will it be cheaper to put it on a card thats free to spend on but charges interest for 9/12 months, or an interest free card that charges? Hmm, this maths is complicated!

moob_2

elash wrote: »

lol ok thanks moob, I was just hoping there was some way around it! I've got the debit card already, but need a credit card too. Say if I spend £1000 over a year, only paying off the minimum, will it be cheaper to put it on a card thats free to spend on but charges interest for 9/12 months, or an interest free card that charges? Hmm, this maths is complicated!

Indeed the maths is complicated here!:eek:

Therefore, get yer calculator oot!:rotfl:(sorry, off on hols soon, no time!)

pin

hello. how is everyone here?

jonnyboy122

HSBC had the cheek to charge me a £1.50 charge every time I used one of their own cash machines with their own UK card in New York! :mad:

I thought the justification was interbank charges etc?? Surely there are none within HSBC itself...

Loopy_3

This is just a warning. I live a lot of the time in Italy and I have a Nationwide debit card which I love. However, there are several shops in Italy (IKEA, Coin department store and others) which do not recognise the card at all - so it is always worth having another card as a backup.

sandy2_2

Following on from This weeks Tips email, people on several sites are saying that Nationwide are introducing fees (min £3) for using their cards to get cash abroad.

Would someone please confirm that there is still no charge for using a Nationwide DEBIT card to get out cash abroad using hole in the wall machine, nor will there be after 17 October

Thanx

moob_2

sandy2 wrote: »

Following on from This weeks Tips email, people on several sites are saying that Nationwide are introducing fees (min £3) for using their cards to get cash abroad.

Would someone please confirm that there is still no charge for using a Nationwide DEBIT card to get out cash abroad using hole in the wall machine, nor will there be after 17 October

Thanx

There is currently no charge at all.

I cannot speak for the future, but have been given no info from Nationwide about this to date.

Dunno where you got this info from at all, can't see anything on it anywhere.

Care to share?

moob_2

jonnyboy122 wrote: »

HSBC had the cheek to charge me a £1.50 charge every time I used one of their own cash machines with their own UK card in New York! :mad:

I thought the justification was interbank charges etc?? Surely there are none within HSBC itself...

It will be on their T&Cs, so don't think it was cheek.

sandy2_2

moob wrote: »

There is currently no charge at all.I cannot speak for the future, but have been given no info from Nationwide about this to date. Dunno where you got this info from at all, can't see anything on it anywhere.Care to share?

This weeks money tips here quote Got a Nationwide Credit Card for using abroad? It's getting more expensive!
The Post Office* and Nationwide credit cards are currently my top pick cards for spending cheaply when abroad; they give you the very best exchange rate as neither adds the hidden ‘load fee’ to it. Yet from 17 October, Nationwide's cost of withdrawing cash abroad (and at home) will rise to 2.5% (min £3), meaning the Post Office credit card is significantly better now

I think what's happened is people have got confused between debit and credit cards and getting cash from hole in the wall using a credit card