When you’re abroad, your spending options include cash, prepaid cards, debit cards and credit cards:
- Cash: you might think that it’s the easier option, but not everyone feels comfortable travelling with a large amount of cash – and there’s always the chance that you could lose it or have it stolen.
- Debit: using your debit card abroad can result in high fees – you might be charged a foreign currency fee and a fee for cash withdrawal.
- Prepaid cards: some prepaid cards charge an application fee of around £10, and can also charge you for withdrawing cash, topping up or getting a replacement card.
- Credit cards: using an everyday credit card when abroad can incur expensive fees, something you could avoid with a use abroad credit card.
While a use abroad card could be better option when travelling, it’s important to weigh up the benefits against your personal circumstances.