Halifax Clarity Credit Card

MS99

I have noticed now on a couple of occasions when making payments abroad in local currency that the GBP amount for the transaction whilst it is in the "transaction pending" phase is significantly lower than the amount I finally get charged for the transaction. Just wondering if any other owners of this card have noticed the same? Also, does anybody know why the converted amount does not get fixed on the day the transaction takes place in this day an age of computerised banking? Thanks

Ebe_Scrooge

From their website :

"
What exchange rate will I be charged on transactions made abroad using the Clarity Credit Card?

The exchange rate is set by MasterCard and the rate that’s applied to a transaction is the exchange rate on the day of settlement. The day of settlement is the day that MasterCard determines the settlement amount to be exchanged between the acquirer and the issuer. The settlement date is normally different from the date of the actual transaction.
The Halifax doesn’t apply any loading, fees or charges to this rate."


Source : http://www.halifax.co.uk/creditcards/clarity-card/#section51412152667750

Deneb

It works both ways in my experience, as would be expected sometimes its lower, sometimes its higher. I wouldn't ever call it a significant amount though, but I suppose that depends on the total amount of the transaction!