These cards do not carry a foreign currency exchange rate fee, an extra levy of approximately 2.75%
Currency cards are now starting to make serious inroads into more conventional forms of travel money.
After last week’s article in the Evening Standard which confirmed that FairFX.com took on nearly 60 per cent more card customers in January month than December, ThisIsMoney, the online publication from the Daily Mail have highlighted that currency cards do not carry a foreign currency exchange rate fee, an extra levy of approximately 2.75% compared with the average credit or debit card.
The ThisISMoney article goes on to say that debt and credit cards may also have a similar till charge when paying in shops and restaurants, but there is no such charge with a currency exchange card.
Click here to read the article in full.
Monday 02 March 2009, 12:29pm
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