How the Smartest Holiday Money Abroad Is on Plastic; Use Credit Cards to Win in the Great Currency Exchange Game

Mawer, Fred, The Mail on Sunday (London, England)

Byline: FRED MAWER

YOU may be able to make your holiday spending money go much further this summer if you use your credit or debit cards. But, as FRED MAWER explains, it depends on what cards you have in your wallet, as some companies impose higher charges than others.

The chart opposite compares how much it costs to obtain foreign cash and traveller's cheques from a leading bureau de change against using plastic to get currency out of cashpoint machines abroad and to pay for purchases.

There are, of course, dozens of credit and debit cards on the market. To narrow the field, Fred picked out the three he uses, as well as cards from the Nationwide building society.

CREDIT/DEBIT CARDS

IF you were to use a Nationwide debit card to get money from a cash machine, I calculate that you …

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Publication information: Article title: How the Smartest Holiday Money Abroad Is on Plastic; Use Credit Cards to Win in the Great Currency Exchange Game. Contributors: Mawer, Fred - Author. Newspaper title: The Mail on Sunday (London, England). Publication date: July 15, 2001. Page number: 90. © 2009 Solo Syndication Limited. COPYRIGHT 2001 Gale Group.

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