Metro Bank and Virgin Money have transaction fees on card use in countries further afield.Ĭredit cards without transaction fees are available, but there will be other costs associated with this type of spending, including interest on any cash that you have withdrawn in most cases.īarclaycard Rewards Visa, Halifax Clarity Mastercard and 118 118 Money Mastercard all allow travellers to make withdrawals and payments without extra fees and can be applied for by customers of any bank. Starling Bank, Metro Bank and Virgin Money all offer fee-free current accounts which do not charge in Europe for using a debit card. For debit cards, that means opening a current account with the provider, which could mean committing to paying in a certain sum each month. Moneyfacts says there are debit and credit cards available that do not attract fees. Many banks also have a minimum, which means costs can be relatively higher on small purchases and withdrawals. The fees to look out for are transaction, conversion and withdrawal fees, which are often 2% or more of the money being spent or withdrawn.
“Holidaymakers may then be looking to make their cash go further, and avoiding a typical debit or credit card for spending abroad is a good way to avoid wasting cash on unnecessary fees.” “Those well overdue a holiday may be paying more for their trip and the rising cost of living could also be denting their spending money,” says Rachel Springall, a finance expert at .uk.
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