Credit card used abroad by two in three Brits
More than two thirds of British holidaymakers use a credit card when on vacation abroad, according to research by Abbey Credit Cards.
More than two thirds of British holidaymakers use a credit card when on vacation abroad, according to research by Abbey Credit Cards.
According to the credit card provider, the average debit or credit card user puts 41 per cent of their holiday spending on cards.
Abbey found that of those asked, 35 per cent of those who use a credit card abroad have had to turn to it for emergency or unexpected spending on a previous holiday.
However, the credit card provider warned that card holders should check the exchange fee for foreign purchases on their cards as many charge for using them abroad.
Callum Gibson, head of credit cards at Abbey, said that the Abbey Zero credit card, which offers fee-free money exchange, can cut out spending on currency conversion.
"It is also the only such card on the market that has no fee for cash advances, making it ideal for those rare times borrowers might need to take out cash in an emergency", he continued.
The Abbey Zero credit card offers 0% on balance transfers for 12 months and 0% on purchases for three months.
Yesterday Tesco launched a new credit card which could benefit holidaymakers. Customers are rewarded with 25 ClubCard points to be used on purchases in Tesco stores for every £250 of currency bought.
Written by ©
