Posted by GLSmyth on March 4, 2008, 1:36 pm
I am going to be traveling to Scotland this summer, and expect to pay
for most of my expenses by using a credit card. However, I do not
know whether or not my card offers the best deal as far as exchange
rate, transaction fees, etc., is concerned. I would be fine getting a
card for the single purpose of using on the trip if I knew somewhere
that would give me a comparison of these variables, but have not been
able to find this information.
Any suggestions on cards or where I can go to find a comparison would
be very helpful.
Cheers -
george
Posted by ranck on March 4, 2008, 1:47 pm
> I am going to be traveling to Scotland this summer, and expect to pay
> for most of my expenses by using a credit card. However, I do not
> know whether or not my card offers the best deal as far as exchange
> rate, transaction fees, etc., is concerned. I would be fine getting a
> card for the single purpose of using on the trip if I knew somewhere
> that would give me a comparison of these variables, but have not been
> able to find this information.
> Any suggestions on cards or where I can go to find a comparison would
> be very helpful.
The credit card comapnies just lost a big law suit about foreign exchange
rates. They are probably all going to be close to the daily exchange
rate plus a small percentage now.
I found that an ATM only card, not a credit card branded type, was
very useful in getting cash from foreign ATMs in Europe in general.
Mine worked pretty much everywhere about 1.5 years ago, and those
work *very* close to the inter bank exchange rates.
Bill Ranck
Blacksburg, Va.
Posted by George L Smyth on March 4, 2008, 2:02 pm
On Mar 4, 1:47 pm, ra...@vt.edu wrote:
> The credit card comapnies just lost a big law suit about foreign exchange
> rates. They are probably all going to be close to the daily exchange
> rate plus a small percentage now.
> I found that an ATM only card, not a credit card branded type, was
> very useful in getting cash from foreign ATMs in Europe in general.
> Mine worked pretty much everywhere about 1.5 years ago, and those
> work *very* close to the inter bank exchange rates.
> Bill Ranck
> Blacksburg, Va.
Bill -
My only concern with using ATM is the availability of the machines. I
will begin and end my trip in Glasgow and assume that my Bank of
America card will be recognized. However, when I head off to Skye and
Lewis/Harris I am guessing that I might run into trouble finding
ATMs. Not so? I have read that ATM machines are the best bet, but am
"assuming" that they are only available in the larger cities.
Cheers -
george
Posted by Rod Speed on March 4, 2008, 2:12 pm
> On Mar 4, 1:47 pm, ra...@vt.edu wrote:
>> The credit card comapnies just lost a big law suit about foreign
>> exchange rates. They are probably all going to be close to the
>> daily exchange rate plus a small percentage now.
>>
>> I found that an ATM only card, not a credit card branded type, was
>> very useful in getting cash from foreign ATMs in Europe in general.
>> Mine worked pretty much everywhere about 1.5 years ago, and those
>> work *very* close to the inter bank exchange rates.
>>
>> Bill Ranck
>> Blacksburg, Va.
> Bill -
> My only concern with using ATM is the availability of the machines. I
> will begin and end my trip in Glasgow and assume that my Bank of
> America card will be recognized. However, when I head off to Skye and
> Lewis/Harris I am guessing that I might run into trouble finding
> ATMs. Not so? I have read that ATM machines are the best bet, but am
> "assuming" that they are only available in the larger cities.
Nope, they are available everywhere now.
Whether those in the smaller places will accept your card is another matter
entirely tho.
Your bank should be able to tell you whether their card is accepted in places
like Skye etc.
Posted by George L Smyth on March 4, 2008, 2:35 pm
> > Bill -
> > My only concern with using ATM is the availability of the machines. I
> > will begin and end my trip in Glasgow and assume that my Bank of
> > America card will be recognized. However, when I head off to Skye and
> > Lewis/Harris I am guessing that I might run into trouble finding
> > ATMs. Not so? I have read that ATM machines are the best bet, but am
> > "assuming" that they are only available in the larger cities.
> Nope, they are available everywhere now.
> Whether those in the smaller places will accept your card is another matter
entirely tho.
> Your bank should be able to tell you whether their card is accepted in places
like Skye etc.
It sounds like the best thing may be to plan this out, instead of just
looking for some place when I start to run low.
Cheers -
george
> for most of my expenses by using a credit card. However, I do not
> know whether or not my card offers the best deal as far as exchange
> rate, transaction fees, etc., is concerned. I would be fine getting a
> card for the single purpose of using on the trip if I knew somewhere
> that would give me a comparison of these variables, but have not been
> able to find this information.
> Any suggestions on cards or where I can go to find a comparison would
> be very helpful.