About travel abroad credit cards
Choosing the right option when buying on holiday could save you a small fortune on fees and help make sure your trip doesn't end up costing the earth.
The best perks include commission-free purchases abroad, cashback on spending, and lower interest rates.
What is a travel credit card?
Travel credit cards are cards specifically designed for spending abroad – they can help you avoid expensive fees incurred by using an everyday credit card on holiday.
Travel cards can offer free cash withdrawals, good rates on travel money, reward points for flights or discounts on travel insurance.
Certain travel credit cards won’t charge extra for making an overseas purchase in a foreign currency, or if you’re shopping from home on foreign websites.
However, there are two types of travel card - Airline Cards and no foreign transaction fee cards. Airline cards, typically wont give you free overseas spending but will give you rewards for flying on certain airlines like British Airways for example.
Credit cards and overseas spending
Using the wrong credit card when you're on a foreign holiday can prove costly – some cards charge foreign currency loading fees each time you use your card.
If you withdraw cash on your credit card at a foreign cashpoint, you could find yourself paying an extra 3% on top of the amount you take out.
Interest-free periods don’t apply on cash withdrawal, meaning that you could miss out on the usual 56 day interest-free period you normally get on spending.
Should I get a travel credit card?
This depends on how you normally use your credit card – for example, if you don’t want to take your card abroad, you could consider a pre-paid card.
Safer than carrying cash, these cards work by loading on currency before you travel, allowing you to spend or withdraw cash once you’re away.
Some pre-paid cards charge application fees of around £10, while others come with cash withdrawal fees, top-up charges or fees for a getting a replacement card.
Does uSwitch compare all the credit cards on the market?
We compare credit over 100 credit cards from all of the major banks and credit card providers.
However, we do not compare all the credit cards that are available in the UK.
This is because some credit card providers have offers that are only available exclusively through their own website or branch, or through other comparison websites - in the same way some credit cards are exclusively available through uSwitch.
There are also many credit cards that are only available to people in member organisations and clubs.
What does it mean if a card is listed as an “advertisement” or “promotion”?
We sometimes receive payment from card providers to display their cards in prominent locations.
These are adverts and are designed to be distinct and separate from the other cards on our comparison tables. We hope this makes it clear which cards are top-of-table deals and which cards are paid for promotions.