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How to choose the right holiday credit cards
When choosing the right credit cards for holidays, there are numerous factors that people should perhaps consider in order to take advantage of the best deals.
According to research firm Defaqto's insight analyst for banking David Black, each card has different benefits and costs that jet-setters need to bear in mind and it "really does pay" to shop around to find the most appropriate option.
He went on to stress the importance of thinking about money management while overseas, so as to "avoid a nasty additional financial shock when [people] return home".
Further tips were outlined by Defaqto regarding spending abroad, including being aware of all costs and charges incurred when using a card while away, as well as opting to be billed in local currency since card provider exchange rates will typically be favourable compared with those used by retailers.
According to research from Sainsbury's Travel Money, Britons heading on holiday pay up to £391 million in collective fees as a result of withdrawing money from cash machines while away - so certain credit cards could be a great alternative to keep costs to a minimum.
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According to research firm Defaqto's insight analyst for banking David Black, each card has different benefits and costs that jet-setters need to bear in mind and it "really does pay" to shop around to find the most appropriate option.
He went on to stress the importance of thinking about money management while overseas, so as to "avoid a nasty additional financial shock when [people] return home".
Further tips were outlined by Defaqto regarding spending abroad, including being aware of all costs and charges incurred when using a card while away, as well as opting to be billed in local currency since card provider exchange rates will typically be favourable compared with those used by retailers.
According to research from Sainsbury's Travel Money, Britons heading on holiday pay up to £391 million in collective fees as a result of withdrawing money from cash machines while away - so certain credit cards could be a great alternative to keep costs to a minimum.
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Published: 20/07/2011
The information in this article was correct at the time of publication and contains time sensitive data and links, it may not be accurate at the time of reading.