Best Credit Card for overseas use

Jul 21, 2004 10 Replies

Hi all,



I'm a 23yr old student travelling to Canada in August for 8 weeks for work experience. I will be taking a certain amount of liquid cash to save ATM charges, however a credit card is needed.



An Egg Card charges 2.65pc on every transaction made not in UK. Morgan Stanley charges 2.75pc on every transaction not in EUR, USD or GBP. Can anyone advise on the best credit card to use, bearing in mind I have no annual income and expect to be spending on average 100 per week.



Thanks in advance, Joe


You've cut it close, IME it takes about 4-6 weeks for the process to work and a card to arrive.

Everyone here seems to recommend the nationwide card for foreign transactions. Dunno what their attitude is to people not earning, maybe best apply for a student account if they have one?!

Thanks. Just off phone to them, it'll take 1-2 weeks if I go to the local branch. I am reliant on my credit record which is perfect thus far, but we shall see. Thanks for pointing me in this direction.

Joe

Nationwide. No charges for foreign transactions, and a better exchange rate than everyone else.

You pay the normal charges for cash withdrawals. A Nationwide current account would be better for that.

I have an egg card solely for international use and I have never been charged for using it abroad

From the FAQ section on their website -

Is there a charge for using my Egg Card abroad? When you use your Egg Card to pay for anything in a foreign currency, there's a charge of 2.65%. This charge is added to your purchase amount, so it doesn't appear separately on your statement. To keep things simple, everything is automatically converted into sterling when it's shown on your statement.

Your Egg Card will work at any outlet that displays the Visa sign. There are over 16 million locations that accept Visa worldwide.

currency,

simple,

I have looked at my statement and the receipts and there is no sign of any add ons. My statement shows the $ rate plus the exchange rate and then the amount in Stirling and it all adds up fine no extra %. Even the exchange rate was pretty good. Perhaps the FAQs relate to new cards, I have had mine about 6 years now and I know some companies do change their T&C at times for new customers!

The charge is hidden in the exchange rate.

If you doubt that, check the interbank rate on the history page of

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and compare with the exchange rate you got on the day the transaction was processed (usually a day or so after).

Alec

What is it about " doesn't appear separately on your statement" that you don't understand?

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