Brits holidaying in Europe could find themselves hit by large foreign exchange fees if they do no choose the best credit card, one expert has warned.
Steve Willey, head of credit cards at Moneysupermarket.com, explained that while the strength of the euro is a concern to holidaymakers, using the wrong credit card could be even more costly.
He said: "A credit card with purchase protection of 90 or more days is the best option for purchases overseas. Not only do the credit cards from the Post Office, Nationwide and Saga offer this, but they also have zero per cent purchase offers of between three and six months and don't levy foreign exchange fees in Europe."
Mr Willey added that this is a much better deal than some competing credit cards which can charge between 2.73 and three per cent.
Earlier this week, Mr Willey claimed that people are increasingly using credit cards as an alternative to personal loans .
News Side
Exchange fees warning over credit cards
Fri, 11 Apr 2008
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