When I travel abroad – and most of my trip was financed by credit cards over the years – I only use credit cards for emergencies. I am fortunate to have a Nationwide debit card which does not pay at all for overseas transactions and allows you to draw your interest free cash too! I am well aware that the cost of my trip will increase dramatically if you use one of my credit cards for purchases or cash.

This is because the credit card companies typically charge what is called a commission charging each of your overseas operations. What’s most often do not even have to register the tax on your bank account – so you can be blissfully unaware of this institution for some time. Every £ 100 you spend will bring a charge of £ 2.75 for a typical fee of 2.75%. Is it worth it?

The most important thing is to avoid drawing cash on your credit card – of course this is just plain common sense even when you’re at home, because of the fee of 2-2.5% is slapped on top of each levy. But when you are abroad is even worse because there is not even an interest-free period so you will find the interest charged for your withdrawal ugly too! Are really as bad as these are also likely to be higher than your highest current rate – 27.9% in some cases. Talk about robbery!

And it gets worse. Have you ever heard of “hierarchy of payments? No? Well you are not alone. This is something that is only in much smaller somewhere, God knows exactly where, on your statement. In many cases, the bank held on payment of cash withdrawals last of all – this means that you will be stuck with this ridiculous inflated interest for the life of the balance. It may be something worse short of serious illness or death itself?

Another thing to look out for when using credit cards abroad is to remember to pay in local currency to avoid the dealers using the conversion rate for your purchases, often in the region of 3%. Do not be misled by the apparent support shown to you so you can see the amount you have spent in Stirling. It is only in order to pay more, so beware!

So it makes sense to opt for a credit card that does not carry all the drawbacks mentioned above. If possible, find a debit card like mine that allows you to use it without interests abroad. Of course, make sure you have sufficient funds to cover expenses. If you do not have enough in the bank and is relying on credit to finance the trip, consider a facility approved discovered. And ‘certainly solve a lot’ cheaper than a credit card expensive!

However, if you decide to use your credit card issuing bank abroad always let you know if they decide to block the unauthorized use abroad. This could apply to debit card too but I always use my debit card abroad and have never had any problems. As always, it is better than cure – but sometimes it can be more careful!

E ‘is an option to get a credit card that is geared to use abroad. Make sure there is no fee charged on it in April and low for cash and purchases. By now you realize that the APR is not the only criterion to watch out for the election to use a credit card for that trip overseas. You may also take into account the benefits of the cards that are tailor-made for frequent travelers, because they have air miles and travel insurance offers cheaper to them. In fact, a whole range of air miles credit cards to choose from. For example, Virgin Money offers one mile for every pound of air purchases and if you are willing to pay an annual fee which will be doubled. But in reality this is only to be taken into consideration if you’re a frequent traveler and also like to live the good life! If you also book your travel by Virgin Holidays and Virgin Atlantic is even more profit with double miles flying club, this means 4 miles for each pound of expenditure. Hmm you might want to consider … Indeed, there are a number of additional advantages of using a card from Virgin – travel accident insurance up to € 250,000 and if possible on a flight delayed or canceled a useful £ 750! It ‘s really a very good deal especially if you need to transfer balances to your card as Madonna are also offering an introductory rate of 0% for those!

Personally, I chose my debit card at any time, supported by a credit card to purchase Virgin sensitive as more odd or unexpected contingencies. But you should be aware of all the options so you can make an informed choice!

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