1 in 5 Brits use credit cards abroad
Credit cards were used as a payment method by a total of 20% of Brits travelling abroad last year, according to new research.
This is in comparison to just 15% of Brits who used debit cards, the research by Santander found.
Almost half of all UK travellers used debit or credit cards to withdraw their weekly spending money from an ATM while abroad.
For travellers such as these, it can make sense to use a credit card with no foreign exchange rates when using ATM machines abroad.
Those with a Santander bank account get fee-free withdrawals from Santander ATM machines in Spain.
The Zero credit card from Santander can also be a good option, since there is no foreign exchange fee for purchases made on the card.
Prepaid currency cards can also be cost-effective for travelling abroad.
These cards, provided by companies such as Caxton FX, Fair FX and O2, work in much the same way as a traditional debit or credit card except they must be preloaded before they can be used.
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