How To Avoid Hidden Debit and Credit Charges Whilst on Holiday
Published: 18 July 2012 By MoneyHighStreet Staff Leave a Comment
Using credit and debit cards whilst on holiday can add significantly to your holiday bill. As many struggle to save money you may ask why do we accept this? How can we avoid such charges?
These debit and credit card charges can add almost £70 in charges to the average family holiday bill.
A recent study by Travelex, where more than 3000 British holiday makers were questioned and 50 of the most popular debit, credit and prepaid currency cards were analysed, shows that nearly 80% of us will use a debit or credit card to fund our holiday purchases.
The worry is though that one in five of us don’t know what charges we may incur, they are effectively ‘hidden charges’. Is anything being done to make matters clearer? Critically can we avoid these charges?
This video from Travelex video with independent financial journalist, Andrew Hagger, gives his valuable advice to avoid the confusion and get some clarity, so that you can have a hassle free holiday this summer.
MoneyHighStreet comments: “Growing numbers of holidaymakers are switching to use prepaid currency cards, an option referenced by Andrew in the video.
“Not only can they save money but they also offer the security of Chip and PIN and cash withdrawal, meaning you no longer need to take large amounts of currency with you when you travel.
“A FairFX Prepaid Mastercard would normally cost you £9.95 – but click on the link and it’s free for Moneyhighstreet readers.
“Prepaid currency cards are a great way to handle money when you’re abroad, but they’re not the only thing you need to worry about when you travel.
“Check out our feature on 3 Things to Tick Off Before You Go On Holiday to find more of the best deals for when you travel.
“As Andrew also explains, planning ahead is vital if you really want to get the best deal on your holiday travel money – don’t leave getting it until you get to the airport or even to your destination.
“By the way, don’t forget to buy your travel insurance either – it might seem an expense just when you don’t need it but you’ll be pleased to have it if you face having lost your baggage or expensive medical bills whilst away.”