I've just had a letter from Barclaycard
Headline: "No cash withdraw fee for using your card abroad"
Paragraph that immediately follows: "with your Barclaycard there's just one straightforward 2.99% fee for foreign transactions and cash withdraws when you're away."
No fee = 2.99% fee!
Umm, not quite what it says.
There's a fee - 2.99% - yes. But that's a "foreign transaction" fee, applicable whether it's a cash withdrawal or a purchase. There is no difference between a purchase or a cash withdrawal, ergo there is no cash withdrawal fee.
If you want a credit card to use overseas, go for a Halifax Clarity card. There are no cash withdrawal fees and no loading on the exchange rate. All you pay is interest on any cash withdrawn, which is charged at a relatively low rate of 12.9%. You can minimise even that by transferring money from your bank account to cover the amount of your cash withdrawal, so you only pay interest for a couple of days.
Chris
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.