Britons taking an Easter break in Europe could find themselves out of pocket by a total of £180 million because they are not using the best credit cards, it has been claimed.
According to moneysupermarket.com, unsuspecting Brits will be "hammered" with transactions charges while making purchases overseas .
Steve Willey, head of credit cards at moneysupermarket.com, said that a credit card with 90 days or more purchase protection is the best option for those planning to make 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," he added.
This is a much better option than using rival credit cards which can charge up to three per cent on transactions, Mr Willey concluded.
Yesterday, the Association of Payment Clearing Services warned that debit and credit card fraud overseas is on the rise.
News Side
Transaction fees hit credit card holders
Thu, 13 Mar 2008
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