no foreign exchange fee?

ihatebanks_3

I've looked at the post office website and nowhere does it say that they don't charge a foreign exchange fee. The M&S card I have at the moment charges a 2.75% fee and since I do a lot purchases in US dollars, might aswell reduce this as much as possible.

Does anyone know if the offer is still available?

Stardust77

Is it this bit on the main page for Post Office credit cards...

Exclusive four

• 0% on balance transfers* for the first 10 months**
• 0% on purchases for the first 3 months
• 0% commission on purchases overseas
• 0% again on balance transfers for 5 months* on the month of your 1st and 2nd anniversary

Nationwide offer a card that has zero commission on foreign transactions too.

Thomas_Crown

Stardust77 wrote: »

Is it this bit on the main page for Post Office credit cards...



Nationwide offer a card that has zero commission on foreign transactions too.

Also for the over 50s, the Saga Platinum Card issued by Allied Irish Bank offers commission free purchases in the 'Visa Europe Region'.

sofa_surfer

http://www.audi.co.uk/audi/uk/en2/Financial_Services/The_Audi_Card.html

'• We don't conform to the standard industry practice of charging you a 2.75% handling fee on foreign exchange currency, so you won't be charged when using your card abroad.'

exel1966

http://www.thomascook.com/content/travel-money/travel-money-lp/creditcard-home.asp

• 0% interest on balance transfers for 9 months (2.99% fee applies)
• 0% interest for up to 3 months on all your purchases at Thomas Cook
• 0% foreign exchange fee on all purchases abroad
• Commission-free holiday money with no cash handling fee at Thomas Cook

ihatebanks_3

"purchases overseas" I understood this to be using your card abroad not using your card in a different currency. I guess I was wrong.

Thank you guys for your input, I think I will go for the post office one as it has the lowest APR.

Mutton_Geoff

Depending on the value of your purchases, I would take a close look at the exchange rates they use too. No point going for "No Commission" when their rate is 5% worse than others.

I use Nationwide Visa for all my overseas purchases as they don't charge any commission and the exchange rates are pretty close to the interbank rates.

King_Of_Fools

Mutton_Geoff wrote: »

Depending on the value of your purchases, I would take a close look at the exchange rates they use too. No point going for "No Commission" when their rate is 5% worse than others.

I use Nationwide Visa for all my overseas purchases as they don't charge any commission and the exchange rates are pretty close to the interbank rates.

You cannot compare the exchange rates as these are based on the card type not the company. Nationwide use the Visa rate and Post Office use the Mastercard rate - they will vary but there is going to be very little in it and one will never be better than the other at all times.