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Travelex Supercard trial to end
Comments
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please do elaborate . . . .. . . 2 currencies Thai Baht and Russian Ruble don't provide live interchange , . . . .
Thanks for answering your own query.. . . . THB exchanging at 49.5810 compared to 50.1233 with MasterCard, which is 0.5423 bhat or 0.9p difference on an extrelmely hard to trade currency.
That's over 1% worse. That's significant enough to me.The Revolut card does not offer good rates for THB and RUB. On their website it states they are unable to get the interchange rate and only offer the best they can get.
For any other currencies though IMO it's a good solution for travel money.
Indeed, you just have to be aware of the drawbacks, like ATM limits and the currencies you mention.0 -
How is it a supercard when Mastercard has better exchange rates? or are they switching to Mastercard on launch?
Furthermore there's plenty of prepaid cards out there. why is this one so special?!0 -
How is it a supercard when Mastercard has better exchange rates? or are they switching to Mastercard on launch?
Furthermore there's plenty of prepaid cards out there. why is this one so special?!
I can draw cash out of my credit card overseas, have it treated as a purchase AND get 1% cashback.
That's pretty cool.0 -
Sure, that's great if you have a functional crystal ball, I can do the same by sticking my Clarity card into an ATM. Personally I'd rather keep the cash in my bank account earning interest rather than gamble on exchange rates.People could use Recolut to lock the exchnage rate whne they are at peak.0 -
Sure, that's great if you have a functional crystal ball, I can do the same by sticking my Clarity card into an ATM.
Brilliant Idea !!
But based on your idea, mind to inform the forum sticking to where if you are in the UK ?? in Cash Machine on the Tube station which could dispense Euro ?? Do that and you will get surprised what you will get ?? Other Option Go to the Airport ????
You could lock the exchange rate using Revolut while in the UK .
I wonder why people are always talking about Clarity Card. It is a credit card so, it is inferior if you compared it to Zero fee for foreign transaction Debit cards and other cards such as Revolut or Supercard.0 -
I wonder why people are always talking about Clarity Card. It is a credit card so, it is inferior if you compared it to Zero fee for foreign transaction Debit cards and other cards such as Revolut or Supercard.
People mostly talk about the Clarity Card as it is widely recognised as being the best all rounder.
The closest Debit Card would be N & P so £500 needs cycled through the account monthly. It doesn't have Section 75 protection and it's a Visa card - not Mastercard. It will be more convenient for mostly non cash users only.
Revolut has ATM withdrawal limits and a poor exchange rate for THB. The Supercard trial is being terminated.0 -
People mostly talk about the Clarity Card as it is widely recognised as being the best all rounder.
The closest Debit Card would be N & P so £500 needs cycled through the account monthly. It doesn't have Section 75 protection and it's a Visa card - not Mastercard. It will be more convenient for mostly non cash users only. .
We are discussing about withdrawal in foreign currency not purchase, so S75 here is irrelevant as you do not get S75 protection anyway. For purchase only, there are still quite few credit cards could do the same job as Claritycard.
Bouncing money from one account to another has been used by serious MSEs to benefit from high interest current all the time, so it is not something special.
If only to be used in EU countries Metro Bank Master debitcard does not need a monthly funding.
Any credit card will have daily ATM withdrawal limit as well. Most importantly in many cases the limit is imposed by the banks cash machines you are using to withdraw cash.Revolut has ATM withdrawal limits a
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I do not think this one is correct. I have tested it live last year GBP vs EUR and posted it in this forum to prove that they are using interbank exchange rate which is marginally better than Clarity or other Master or Visa card global exchange rate. If you search it you might still be able to find that post.and a poor exchange rate for THB. The Supercard trial is being terminated.
About Thai Baht, it is difficult to comment on individual case which might be an isolated case. Moreover vast majority of people here in the UK are exchanging GBP against the EUR or US $ not thai Baht.
Just need to be aware that interbank exchange rate is changing all the time during the day which is not the case for Master or Visa Global exchange rate.
As far as I remember MSE and Martin's has stated that having and interbank exchange rate is one of the advantage of Revolut as it is marginally better than Master or Visa wholesellers / global) exchange rate as part of his analysis. Just be aware that If an organisation such as MSE has stated this, you will need an enormous effort to prove it wrong.
Revolut claims that they are using Interbank exchange rate. If they have claimed as such but in fact they did not than it is a suicide mission that will cost them a big fortune in term of potential fine from FCA and liability.
Do you have any link to prove that interbank exchange rate from Revolut is worse than Master, Visa wholesellers (Global) exchange rate ??0 -
Fifeken is referring to Revolut's monthly fee-free ATM withdrawal limit of 500 / €650 / $700 (or equivalent), and the variation from interbank exchange rate on THB and RUB, as part of their recently introduced 'Fair Usage Policy':
https://revolut.com/fairusage
Also it's worth noting that their exchange rates for all currencies drop off from the interbank rate during weekends when forex markets are effectively closed.Evolution, not revolution0 -
We are discussing both.We are discussing about withdrawal in foreign currency not purchase
Wrong. There are very few cards that are load-free and also have no ATM fees. Not really relevant anyway.there are still quite few credit cards could do the same job as Claritycard.
Nobody is disputing that they use interbank rates for all all but two of their currencies.I do not think this one is correct. I have tested it live last year GBP vs EUR and posted it in this forum to prove that they are using interbank exchange rate which is marginally better than Clarity or other Master or Visa card global exchange rate.
As previously discussed there's no guarantee that the interbank rate you get at the time of purchase will be better than the rate you would get from Mastercard at the time of settlement.
Maybe so, but enough people are exchanging Thai Baht that it's Revolut's 5th most popular currency outside of GBP, EUR and USD.Moreover vast majority of people here in the UK are exchanging GBP against the EUR or US $ not thai Baht.
Not really, if you scroll up you'll see that I gave an example of two EUR and USD purchases where I would have got better rates from Mastercard at the time of settlement than from Revolut at the time of purchase. It can go either way.Just be aware that If an organisation such as MSE has stated this, you will need an enormous effort to prove it wrong.0 -
We are discussing . . . .
The posters above have detailed your lack of product knowledge and outright errors, but to add another point, in your own words:Just be aware that If an organisation such as MSE has stated this, you will need an enormous effort to prove it wrong.
On this page - http://www.moneysavingexpert.com/credit-cards/travel-credit-cards at point #4 Martin/MSE says
That is why we always talk about the Clarity Card.Specialist overseas credit cards almost always beat their debit card counterparts0
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