Credit card offers cheaper overseas spending
Published On 2 October 2006
The Post Office has restructured its credit card deal so that consumers who use the card abroad will have to spend less than in the past.As of today (October 2nd), consumers who use the card abroad will no longer be charged commission.
The Post Office, which is one of the UK's leading travel money companies, is also developing its service by extending the interest-free period for balance transfers from six to eight months.
Customers can also benefit from the option of no interest charges on new purchases for the first three months of the service. After the three month grace period, Classic card customers will move on to a standard rate of 14.9 per cent APR and Platinum card holders move on to 13.9 per cent.
Gary Fitton, Post Office spokesman, said: "Most credit cards charge 2.75 per cent on every transaction made overseas. People become frustrated when they see it is costing them more to use their credit card abroad.
"We have listened to this and we have acted – now our customers have got one of the best deals going."
