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Travellers eye currency card deals

Mastercard is seeing interest in its affiliated currency cards boom as poor exchange rates force Brits to consider new ways to save money.

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26 February 2009

Travellers eye currency card deals”

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One broker, FairFX, noted a 60% increase in card customers in January compared to the preceding month, according to the Evening Standard.

FairFX chief executive Stephen Heath told the newspaper: "The consumer mindset has shifted towards 'every penny counts' as people try to offset the rising cost of living by planning ahead."

He added travellers could save more than 6% by using currency cards instead of airport bureaux de change.

The plastic is also useful for online shopping, with one user claiming to cut "around £2" off his bill on every purchase by avoiding credit card transaction fees and poor exchange rates.

Currency cards can be loaded with either euros or US dollars and used like a debit card at shops and restaurants or to withdraw money at cash points.

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Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9^%
16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
	Virgin Credit Card
	20 months	3 months	16.8^%
16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
	Barclaycard Platinum with BT
	22 months	3 months	17.5^%
17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
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