Page 1 of Which credit cards do not charge for currency exchange?????

When buying dvds, I usually use dvdpricecheck. Sometimes buying from abroad can be a couple of quid cheaper, but then when I get my bill, Barclaycard seem to have slapped on a couple of quid anyway. There is no mention of a charge, but I always use XE.com to check the exchange rates, and the 2 never tally.

Do all credit card companies do this??????

I`ve got the Alliance Leicester one and there is no extra charge, although they did charge me £7 for taking money from a cashpoint abroad.

Like the Barclays executive said last week Barclaycard is too expensive

Nationwide does not charge any extra for CC transactions abroad OR cash advances

it also give you 0.5% cash back on everything you spend. Which will save you in commision.

VISA sets the exchange rate, then your CC will add (usually) 2.75% ontop of the exchange rate, but they will not break this down on your bill, you will just see one exchange rate, so sometimes people think there is no extra charge, when infact it has been incorpated in the exchange rate.

Nationwide gives you the rate VISA sets and thats all.

Note...It charges 1% on cash advances abroad, but so do most debit cards....

Egg don`t charge for cc transactions and also off 0.5% cashback

Hodgie..... EGG DOES charge for foreign currency transactions
read the terms conditions it adds 2.75% onto the transaction but as i mentioned before it will only show you the exchange rate on your bill this wiil include the 2.75% commision..so you think you are not getting charged..

Its also worth noting that the FX rate is applied on the day the CC receives the claim from the company you purchased the product from..,Not the day you purchased the item so if you purchase some thing when the rate is 1.45, if the company you purchased the DVD from doesnt claim the money from the CC lets say a week later and the rate is 1.40 you will get 1.40...
with internet transactions its very rare there will be a time delay, but if you purchase something abroad and they still use those paper slips that imprint your details, this will effect the price used..

Agree with hopethishelps. I use my Nationwide card for all foreign transactions and the amount is always very similar to the exchage rate provided by www.xe.com/ucc/. It sometimes evens works out a little cheaper by the time the transaction goes thru. They do two different cards, the cashback one (1% for the first six months then 0.5%) has a slightly higher APR than the non cashback card. Not a problem for those who pay the balance in full each month. Well worth getting one if you purchase DVD`s in foreign currencies.

Rocky..

This item was edited on Wednesday, 22nd October 2003, 16:42