TWEETIE PIE wrote:....but by the time you deduct your credit cards charges for buying cash and the bit of intrest you will pay untill you pay back your credit card and what the currency seller charges you for using a credit card to pay.....you land up getting a lower rate in practice
Depends which card you use. Halifax clarity as an example - purchases abroad have no fees at all (no foreign exchange fee, no usage fee and no interest) and you get the daily mastercard rate (1.148 today). Even if you withdraw from an ATM, no fees but you will pay interest until next statement, however this is 1.017% per month so even if you wait a whole month to pay it off, it's still miles better than paying cash on the high street and getting 1.114
€1,114 = £1,000 at Thomascook
€1,114 = £970 if spent on purchases on fee free credit card
€1,114 = £980 if used to withdraw cash at ATM's on credit card and assumed that balance is outstanding for 1 month
seemed like a bargain at the time.
