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  • FIRST POST
    • MarkAlexander18
    • By MarkAlexander18 12th Oct 19, 3:34 PM
    • 123Posts
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    MarkAlexander18
    0 WOW
    Exchanging money before my holiday, and should i consider a travel credit card?
    • #1
    • 12th Oct 19, 3:34 PM
    0 WOW
    Exchanging money before my holiday, and should i consider a travel credit card? 12th Oct 19 at 3:34 PM
    I am going on holiday in a couple of months and needed some advice on spending money issues. This will be my first time on holiday since I was young, so it's exciting, if not a little daunting. Anyway, I am trying to prepare well in advance. I don't know much about travel credit cards, but would one be worth it? Also, in your opinion how much spending money is a good amount to exchange before leaving. My spending money budget is £1500.
Page 1
    • zagfles
    • By zagfles 12th Oct 19, 3:41 PM
    • 14,633 Posts
    • 13,074 Thanks
    zagfles
    • #2
    • 12th Oct 19, 3:41 PM
    • #2
    • 12th Oct 19, 3:41 PM
    Where are you going? Getting a travel credit card is a good idea, but there are destination specific differences in how to use them.
    • MarkAlexander18
    • By MarkAlexander18 12th Oct 19, 4:00 PM
    • 123 Posts
    • 148 Thanks
    MarkAlexander18
    • #3
    • 12th Oct 19, 4:00 PM
    • #3
    • 12th Oct 19, 4:00 PM
    Where are you going? Getting a travel credit card is a good idea, but there are destination specific differences in how to use them.
    Originally posted by zagfles
    I'm going to South Africa.
    • zagfles
    • By zagfles 12th Oct 19, 4:19 PM
    • 14,633 Posts
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    zagfles
    • #4
    • 12th Oct 19, 4:19 PM
    • #4
    • 12th Oct 19, 4:19 PM
    Never been, but you'll likely be best getting a good card, see https://www.moneysavingexpert.com/credit-cards/travel-credit-cards/
    Not sure if ATMs there usually charge, but even if they do it'll almost certainly be better value than changing cash, particularly changing cash in the UK. Generally better value abroad.

    Watch out for the ATM giving you a conversion rate, these are usually rubbish but you should get an option to get billed in local currency, take the "without conversion" option.
    • rainbowskies
    • By rainbowskies 13th Oct 19, 8:04 AM
    • 126 Posts
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    rainbowskies
    • #5
    • 13th Oct 19, 8:04 AM
    • #5
    • 13th Oct 19, 8:04 AM
    Have a back up to the credit card you get. Starling bank offer a fantastic bank account that is free to use overseas. You can withdraw cash from ATMs as well as use it in shops and restaurants.

    For credit cards, I have the Halifax Clarity Card. But check the link above and see what’s best for you.
    EMERGENCY FUND £1644.03 / £3000 (55% SAVED)
    CAR FUND £1200 / £1200 (100% SAVED)
    • MarkAlexander18
    • By MarkAlexander18 14th Oct 19, 2:57 PM
    • 123 Posts
    • 148 Thanks
    MarkAlexander18
    • #6
    • 14th Oct 19, 2:57 PM
    • #6
    • 14th Oct 19, 2:57 PM
    Have a back up to the credit card you get. Starling bank offer a fantastic bank account that is free to use overseas. You can withdraw cash from ATMs as well as use it in shops and restaurants.

    For credit cards, I have the Halifax Clarity Card. But check the link above and see what’s best for you.
    Originally posted by rainbowskies
    I have a bit of an issue with Starling bank and Halifax clarity because I wasn't able to pass a credit check. I have heard that Revolut are another alternative option for a travel money card. Any advice on this?
    • EveryWhere
    • By EveryWhere 14th Oct 19, 4:17 PM
    • 2,836 Posts
    • 1,403 Thanks
    EveryWhere
    • #7
    • 14th Oct 19, 4:17 PM
    • #7
    • 14th Oct 19, 4:17 PM
    I have a bit of an issue with Starling bank and Halifax clarity because I wasn't able to pass a credit check. I have heard that Revolut are another alternative option for a travel money card. Any advice on this?
    Originally posted by MarkAlexander18
    The caveat with Revolut is the ATM withdrawal limit of £200 per month and a 2% charge after that is utilised during that month. Also poor customer service if something goes wrong. Customer service might have improved.
    You can go through an affiliate website in order to get their card for free.

    Another option, if you have credit issues, https://uk.virginmoney.com/virgin/current-account/essential-current-account.jsp. A £1.50 ATM withdrawal charge applies.

    Also, be careful of ATM fees; https://community.revolut.com/t/revolut-in-south-africa/29368/12

    Both with no charge for purchases.
    • eDicky
    • By eDicky 14th Oct 19, 4:40 PM
    • 4,933 Posts
    • 3,033 Thanks
    eDicky
    • #8
    • 14th Oct 19, 4:40 PM
    • #8
    • 14th Oct 19, 4:40 PM
    I have a bit of an issue with Starling bank and Halifax clarity because I wasn't able to pass a credit check.
    Originally posted by MarkAlexander18
    Are you saying that Starling Bank declined your application? My understanding is that they don't run a full credit check, unless you ask for an overdraft.

    The Aqua Reward credit card is easier to obtain than the Clarity and pays 0.5% cashback on all purchases, although cash withdrawals are not fee-free.
    • worried jim
    • By worried jim 14th Oct 19, 4:43 PM
    • 10,840 Posts
    • 17,093 Thanks
    worried jim
    • #9
    • 14th Oct 19, 4:43 PM
    • #9
    • 14th Oct 19, 4:43 PM
    Are you saying that Starling Bank declined your application? My understanding is that they don't run a full credit check, unless you ask for an overdraft.
    Originally posted by eDicky
    It's a bad day in the office if you cant pass a credit check for a standard Starling account.
    "Only two things are infinite-the universe and human stupidity, and I'm not so sure about the universe"
    Albert Einstein
    • Sharon87
    • By Sharon87 14th Oct 19, 11:11 PM
    • 3,729 Posts
    • 3,147 Thanks
    Sharon87
    I would definitely split between cash and card if you can. Certain things in South Africa is very cash only/preferred - like paying car guards for instance (you pay them to look after your car as oppose to paying parking meters), paying for fuel with a tip to your fuel filler.etc

    Most restaurants will accept cards, but some smaller ones may not.

    I would say get a revolut or a different currency card if you're unable to get a travel credit card. You can exchange money in the UK - if you do, pre order it online at your nearest/best exchange place for the best rate, don't wait till the airport! Also be aware that taking too much money into South Africa can raise eyebrows at customs - you can't take more than 25,000 rand into South Africa (£1337) - not that you'd want that amount of cash with you!
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