Visa or Mastercard?

exel1966

gt94sss2 wrote: »

Can you explain why you rank them in that order please?

Regards
Sunil

That was based on the average running costs of these three cards when taking into account current offers/charges/fees/interest levied based upon useage.
Comparing like for like there are small differences between them, albeit very marginal and If I didn't personally already have all 3 (soon to be possibly 1) of these cards I'd chose them in the order above.

moonrakerz

exel1966 wrote: »

That was based on the average running costs of these three cards when taking into account current offers/charges/fees/interest levied based upon useage.

One assumes that identical transactions all carried out on identical dates were used to ensure that this was a valid comparison ?

PS: I thought the point of these particular cards was to avoid "charges/fees/interest levied based upon useage" ?

exel1966

moonrakerz wrote: »

One assumes that identical transactions all carried out on identical dates were used to ensure that this was a valid comparison ?

PS: I thought the point of these particular cards was to avoid "charges/fees/interest levied based upon useage" ?

Yes they all avoid a foreign transaction surcharge of 2.75%, but that is where the similarity ends .........they all charge different or no fees (Abbey) for cash withdrwals, interest rates on those withdrwals and general purchase transactions vary.

Obviously making a cash withdrawl on a credit card is not a sensible thing to do, but still lots of people do it, so if youre going to do it choose the card which costs less.

mbb123

for visa exchange rates

http://corporate.visa.com/pd/consumer_services/consumer_ex_rates.jsp

and mastercard

https://www.mastercard.com/us/personal/en/cardholderservices/currencyconversion/index.html

or

http://www.paysucard.com/check-your-currency-exchange-rate-with-paysu-prepaid-mastercard-live-currency-conversion.aspx

lisyloo

I guess you are aware that you pay ~ 2.5% if you use a CC for cash, better to use a debit card.

I don't think this is true anymore (although certainly used to be).

Halifax clarity credit card is 12.9% interest for cash which is about 0.5% if you pay after a 2 week holiday.
This is cheaper than any debit card I know of.
Nationwide debit card is getting rubbish when the charges change in November (very soon).