credit card purchase in euros?

retiredin2011

If I purchased an item at 610 euros at this moment how much would appear on my Nationwide select credit card, in £s if it was to be charged at this moment?

jonesMUFCforever

Can't really make head or tail of what you are asking - sorry.


I don't know what rate Nationwide would use today.

retiredin2011

Can't really make head or tail of what you are asking - sorry.


I don't know what rate Nationwide would use today.

I can buy, from Travelex 610 euros for £507. 35 or therabouts.

I buy something in euros for 610 euros.

Therefore my purchase costs me £507.35. (If that is what I paid for my euros)

At exactly the same time, I buy an identical item, costing 610 euros, using my Nationwide select credit card.

What amount would appear on my Nationwide statement?

esuhl

If you paid in euros using a pounds sterling credit card, the credit card company would convert euros to pounds using their own (not-very-competetive) rate to convert the currency. There might also be a transaction fee.

If in doubt, check the terms and conditions.

retiredin2011

If you paid in euros using a pounds sterling credit card, the credit card company would convert euros to pounds using their own (not-very-competetive) rate to convert the currency. There might also be a transaction fee.

If in doubt, check the terms and conditions.

Still doesn't answer my question

What amount would appear on my Nationwide statement?

greyteam1959

As far as I know Nationwide Credit Cards have no loading.
Well the one I have & use in Europe has no loading
You get the commercial rate of exchange........
Todays rate 1.2316
So 495.29 GBP
Although I could well be wrong !!!!!
HTH

retiredin2011

So 495.29 GBP

So less than the £507 Travelex want fot 610 euros.

Fruit_and_Nut_Case

mervyn11 wrote: »

As far as I know Nationwide Credit Cards have no loading.
Well the one I have & use in Europe has no loading
You get the commercial rate of exchange........
Todays rate 1.2316
So 495.29 GBP
Although I could well be wrong !!!!!
HTH

Close! £495.93 according to this website.

http://www.visaeurope.com/en/cardholders/exchange_rates.aspx

zagfles

Fruit_and_Nut_Case wrote: »

Close! £495.93 according to this website.

http://www.visaeurope.com/en/cardholders/exchange_rates.aspx

Correct answer at last! Yes Nationwide Select uses the VISA rate with a 0% markup, so this is what you'd get assuming the transaction is processed today. Also assuming you aren't conned by DCC (ie where the retailer converts the currency at a rubbish rate and pockets some of the commission).

greyteam1959

retiredin2011 wrote: »

So less than the £507 Travelex want fot 610 euros.

Travelex have to make a living you know !!!

hgotsparkle

What many people forget to check, along with bank rates and transaction fees is a conversion fee.