Credit Card Exchange Rates
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|Card||Money Withdrawn||Cost on Bill||Overall Rate||Historical rate from ex.com||Historical rate from issuer||Rate difference|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|
As I expected my Halifax was better!