I have a Barclaycard credit card and a Halifax credit card. I recently decided to experiment to try to find out how much it costs to use them abroad to withdraw cash from an ATM. I might be crazy, but I wanted to know! Both cards have particular offers that mean you don’t get charged as much as most cards do to withdraw cash. I did a cash withdrawal 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| Card | Money Withdrawn | Cost on Bill | Overall Rate | Historical rate from ex.com | Historical rate from issuer | Rate difference |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 card was better!
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