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Why you should compare travel credit cards

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Written by Dom James, Financial Content Writer

1 February 2019

If you want to find the cheapest travel credit card to use on holiday this year, it is important to compare as many as possible to find the best one.

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A travel credit card can save you money if you plan to spend on your card abroad, or need a low cost back up in case you spend all your travel money on holiday.

Unlike standard credit credit cards, travel credit cards don't charge fees for your using your credit card abroad. Often these are known as foreign transaction fees.

Can you withdraw cash from a travel credit card?

Some cards may charge you for withdrawing cash abroad, usually between 2% to 3% of the withdrawal amount. But you can find cards that don't charge these fees.

Ideally, it's best to avoid withdrawing cash from any credit card, as interest rates on cash advances are much higher than those on standard credit card purchases.

You can find out more about the best way to spend abroad here

Do you get section 75 protection abroad?

If you spend between £100 and £30,000 on your credit card in a single purchase abroad then section 75 will cover you. Find out more here.

What are the alternatives?

  • Travel money: You could take enough foreign currency to cover you for your whole trip. To help you take enough, work out how much you want to spend each day and try and stick to this budget.

  • Travel prepaid card: You can add or transfer money onto this type of card, which you can then spend abroad. Some even let you withdraw cash for free abroad too. You can only spend what you top up on the card.

  • Debit card: You could use your debit card to withdraw cash on holiday, or for card transactions. but you may get charged for both. Check with your bank or building society before you travel to find out how much it could cost you.

You can find and compare travel credit cards here.

Find the best credit card for you, whether you're looking for 0% card for balance transfers or purchases or day to day spending and rewards

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