Visa commission rates?

[eyoreaud]

Hi all
does anyone know of any credit cards with a commission less than 2.75%, for foreign transactions? (DH wants to know)

Luv Audrey
xxxxxxxxxx

 

[Sue's Mum]

I'd be interested to know the answer too. I hadn't realised it was that much.

 

[Hamther]

The average charge for currency exchange (loading charge) is 2.75% but you also have to weigh up interest rate and interest free days to truly compare cards. Cahoot offer about the lowest I have seen - 1.25% and also currently have a low interest rate (8%), however no special intriductory rate.

A good bet for a holiday like WDW is to get a card offering 0% interest for a period. Good ones just now are Capital One - 0% for 6 months (loading rate of 2.75%) and this will work out cheaper than cards with lower loading charges but which have interest to charge (provided you do pay it back by the end of the 6 months).
Egg are also a good bet currently offering a 0% introductory rate - I think until October and they have a slightly lower loading rate at 2%.

These cards work well if you do clear your balance within the introductory period but if you don't you may end up eventually paying higher interest than some other cards, so you need to work out if you will clear your bill in time or if another card with a low general interest rate is better.


Jackie

 

[rob@rar.org.uk]

Thanks for your informative answer Jackie. I'm pleased to see that my credit card, Cahoot, has a competitive commission charge.

Regards

Rob

 

[eyoreaud]

thanx for info Jackie,its the (loading charge) rate of interest that i am am trying to get,as i clear my balance each month.Looks like CAHOOT has best loading charge so far, unless anyone has any other suggestions.

thank you
eyorauds DH

 

[kylie]

Nationwide do not charge the 2.75% on foreign transactions

 

[Hamther]

remember to weigh up interest rate and interest free perios and any intro offers before you decide which is best for you. If you are going to run up a hefty Visa bill on holiday and you know that you won't pay off within the 56 days (eg) interest free period, then you are best to look for a card with as low a rate of interest as you can find.

 

[eyoreaud]

Thanx Kylie,
I have just applied for a Nationwide credit card after your info about loading charges(0%),just hope it arrives before the 31st.

Thanx again Kylie this has been a great help to me & it could help a lot more Dissers too.

Thank you
EYORAUDS DH