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Expert: Apply for a special travel credit card for your holidays

Specialist credit cards offer better foreign exchange fees, says expert

More from Spending Money
18 October 2011

Expert: Apply for a special travel credit card for your holidays

UK consumers who are planning to go overseas should avoid using their everyday credit card and instead apply for a specialist card, according to a financial expert.

Rosie Murray-West, writing for the Telegraph, urged Brits to ditch their UK credit card when on their travels due to the high foreign exchange fees.

She said: "Your ordinary credit card is unlikely to be a great candidate for spending abroad, no matter how great its benefits in other situations.

"Instead, use a specialist credit card for spending abroad and you'll miss out on the approximately three per cent 'load' fee that most cards add."

Ms Murray-West added that one of the best credit cards for spending money abroad is the Halifax Clarity, which does not charge a foreign exchange fee anywhere in the world.

Furthermore, Halifax Reward current account holders which apply for the Reward Clarity card are eligible for a £5 reward each month they spend over £300 in the UK or abroad on the card. 

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