I have a Barclaycard credit card and a Halifax credit card. I recently decided to experiment to try to find out how much it cost to use them abroad to withdraw cash from and ATM. I might be crasy, but I wanted to know! both cards have particular offers that means your don't get charged as much as most cards do to withdraw cash. I did a cash withdrawl of €50 from an ATM on both cards on the same day. Anyway on with the results:

Card

Money Withdrawn

Cost on Bill

Overall Rate

Historical rate from ex.com

Historical rate from issuer

Rate difference

Barclaycard (Visa)

€50

£42.37 (including £1.23 transaction fee)

1.1801

1.2177

1.2225

-0.0424

Halifax (Mastercard)

€50

£40.95

1.2210

1.2177

1.2251

-0.0041

As I expected my Halifax was better!

See: http://www.xe.com/currencytables/ http://www.visaeurope.com/en/cardholders/exchange_rates.aspx https://www.mastercard.com/global/currencyconversion/index.html

TomsWeb: Stuff/CreditCardExchangeRates (last edited 2013-01-23 22:31:34 by ThomasStewart)