Looking for advice on credit cards

dangerdaly

Was just looking for some advice and info on what would be best for me.

Im going to florida in a couple months. I have money saved up, but not enough, and would like to take a credit card with me so i could spend what i need to on holiday then pay it back over the next few months.

Do you think a credit card or a loan is the best option?? And if a credit card, which one??

I am 22, never had a credit card before, never been in any debt or go into my overdraft and was just looking for what you guys think would be best. Cheers

NickX

Cards issued by Nationwide or the Post Office are good for foreign currency transactions because they do not charge commission.

King_Weasel

Your best bet would be a Nationwide credit card if you can get one as (1) they offer 0% interest on purchases for 3 months and (2) there is no currency conversion fee (2.75% on most cards). But if you use it to withdraw cash you will charged a small fee (per transaction, I believe) PLUS quite high interest from the date of withdrawal.

The Post Office also offer a card with no conversion fee, but you need to check out whether they also offer 0% on purchases.

For cash withdrawals abroad it is best to use a Nationwide debit card ie to open a Nationwide bank account. (Again, no conversion fee and no other charges either.) Of course, you would need to put some cash in before you go. If you can get it, a bank loan or agreed overdraft with your existing bank is likely to be cheaper than running up credit card debt, though personal loans tend to be for larger amounts and longer (fixed) periods.

Hope this helps.