Using Credit card abroad

SW17

NiftyDigits wrote: »

Creation Everyday has a superior exchange rate. So less in the way of possible interest paid on cash withdrawals. 3.3p per day as opposed to nearly 5p with the Clarity.

Not suggesting it's inferior to Clarity, but does Creation Everyday have a superior exchange rate? If Clarity is using the MasterCard daily rate, how would Creation's exchange rate be low enough to drive the significant % difference in interest on cash withdrawals that you mention?

If you meant superior interest rates, I guess that would depend on the rate you have with Clarity. Mine is at 12.95%, not materially different to the 12.9% advertised by Creation.

Is there a benefit to having both, beyond having a backup card that is equally fee-free?

Gloomendoom

NiftyDigits wrote: »

Creation Everyday has a superior exchange rate.

Exchange rate?

NiftyDigits

Gloomendoom wrote: »

Exchange rate?

.......
Oops...

NiftyDigits

SW17 wrote: »

Not suggesting it's inferior to Clarity, but does Creation Everyday have a superior exchange rate? If Clarity is using the MasterCard daily rate, how would Creation's exchange rate be low enough to drive the significant % difference in interest on cash withdrawals that you mention?

If you meant superior interest rates, I guess that would depend on the rate you have with Clarity. Mine is at 12.95%, not materially different to the 12.9% advertised by Creation.

Is there a benefit to having both, beyond having a backup card that is equally fee-free?

Indeed I meant to write interest rate. Current applications for the Clarity have an interest rate of 18.9% and up.
Since travellerboy has twice recommended people to apply for the Clarity on this thread alone, one wonders why he would not at least mention both,

Benefit? Use one for cash and the other for purchases. Pay off cash withdrawals immediately, whilst leaving purchases to be paid in the usual manner.

NiftyDigits

travellerboy wrote: »

Suggest you read Moneysavingexpert comments on the choice between the two Credit Cards.
Another point worthy of explanation is, in their T&C 5.2 _
We will charge a commission for the currency conversion at the rate in force.......

I read them....and? It highlights that the Clarity interest rate begins at 18.9%, whilst the Everyday begins at 12.9%.

As to your interpretation of the T&C...

When I use my credit card abroad will I incur any charges for doing so?

There is a 2.99% foreign conversion charge per transaction. For all our Credit Cards except our Everyday Credit Card that has no fee.

http://www.creation.co.uk/credit-cards/credit-card-faqs

photome

NiftyDigits wrote: »

Indeed I meant to write interest rate. Current applications for the Clarity have an interest rate of 18.9% and up.
Since travellerboy has twice recommended people to apply for the Clarity on this thread alone, one wonders why he would not at least mention both,

Benefit? Use one for cash and the other for purchases. Pay off cash withdrawals immediately, whilst leaving purchases to be paid in the usual manner.

Thats what i do

Clarity at 12.9% for withdrawals

and Post Office CC for purchases

mickey234

NiftyDigits wrote: »

Since travellerboy has twice recommended people to apply for the Clarity on this thread alone, one wonders why he would not at least mention both,

I believe Travellerboy suggested to read Moneysavingexpert for their opinion, I did. They still recommend Halifax Clarity as the No.1 card for foreign travel. He is quiet correct in saying New Kid on the Block with little or no track record and MSE are asking people who have a Creation Everyday card to make comment, I wonder if you have! Who is on the crusade I wonder ?

callum9999

mickey234 wrote: »

I believe Travellerboy suggested to read Moneysavingexpert for their opinion, I did. They still recommend Halifax Clarity as the No.1 card for foreign travel. He is quiet correct in saying New Kid on the Block with little or no track record and MSE are asking people who have a Creation Everyday card to make comment, I wonder if you have! Who is on the crusade I wonder ?

They're both being ridiculous.

Creation isn't a "new kid on the block", so there's no logical reason to be concerned that they're lying about the card. Both cards are effectively the same.

NiftyDigits

callum9999 wrote: »

They're both being ridiculous.

Creation isn't a "new kid on the block", so there's no logical reason to be concerned that they're lying about the card. Both cards are effectively the same.

No...they are not. If you could have been bothered to read my posts before writing, you would have noted that the Clarity has a higher initial interest rate.
So why would you consider me ridiculous for highlighting a card that can potentially save money?
Look to yourself.