I wanted to share this information with the group in case you were like me and did not know this stuff.
Most of the credit card companies, including Disney Rewards VISA charge a 3% foreign exchange rate on all purchases made out of the US. AMEX charges 3 to 5%. Most bank debit cards also charge 3%.
The only credit card that I have found that does not, is the Capital One VentureOne card. There is no foreign exchange rate on that card. It was designed for the world traveler. I am not promoting this card, just telling you it is only one I could find that did not charge a foreign exchange rate.
Charges on the Disney ship are US transactions and not subject to the foreign exchange rate. This exchange rate will only apply when you are in port and using your credit card.
I also learned that most of the banks charge 1 to 5% to convert to Euro for you in advance. This is good because of the stops at the airport at BCN will be charging 8%. So the common rule of thumb on waiting until you arrive at the airport may not be a great idea.
Both of my banks said I needed order my Euros and Euro travelers checks in advance. One of my banks said 2 business days and the other said 5 business days. The one with 5 business days was the lower % to convert.
My
travel agent also recommended taking $20's with us so that if we ran out of Euros and just needed a small amount to finish out the trip that we did not convert too many so we were not paying to convert back to USD when we got home. She said if you only need taxi fare you don't want to convert $100 if that is the only bill in your wallet because you will have convert it back.
If anyone else has found any better route/rate to convert, let us know. I am still looking for the best option, but wanted to share my findings.
I also discovered some fabulous maps I wanted to tell everyone about. They are made by MapEasy. So far I found them for Rome, Florence and Barcelona. They not only show you all of the sites but they list out shopping and restaurants. The kids really liked them too because they were easy for them to read and had pictures of all the sites.
Finally discovered itranslate iphone app. It does require internet to access but you can save your common phrases in advance so that you do not need an internet connection. It was only $1.99. Very simple to use and translated to all the languages we will be needing.
Hope you find this info helpful, I know it was eye opening and helpful to my planning!
Take care!