The best travel cards UK (2023): Credit card vs Debit card vs Smart vs Prepaid to use overseas
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- Опубликовано: 28 июл 2024
- When you spend overseas with your debit or credit card there's a good chance you're getting charged for doing so.
But there are cards where you can spend and withdraw cash fee-free. This video rounds up the best ones including Chase, Barclaycard Rewards, Revolut and Curve.
More details on the blog becleverwithyourcash.com/the-...
W A T C H N E X T
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A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.
thank you for the video. i always use my revolut card when i am travelling. but still the fees on many atms are just immense, there is an app called atm fee saver, its quite handy because its shows atm around with low fees. i also heard aboout charles schwab as an option
Thanks for the info 👍
When I travel which is not very much these days,
I use Chase, Barclaycard rewards, and hyperJar
Curve only, associated to plutus card all the time, UK and abroad. Except weekends abroad, in which case I use Wise. There is no better combination imo
Good video, I use Chase and Starling and Wise for overseas travel. Something you failed to mention, most cards have a maximum daily ATM withdrawal limit, if it hasn't changed most are £300 but Chase was £500 for ATM's that charge a fixed withdrawal fee it is better to take out £500
Thank you 👍🏼
Hi Andy first video I have seen from you and enjoyed it.
I don't know if you have covered it in a video already but what online banks can you make a cash deposit? I know Starling is one do you know more?
I’d add Nationwide to the debit and credit card list. Flex plus account is one of the best value packaged accounts and is a free international spending card along with their members credit card. I just signed up for these and had a great experience with them 👍
Been using my Flex credit card for years. Great.
The HSBC global money account is good for people already with HSBC
Thanks andy great video Starling chase fantastic i use them both getting cashback on chase euro spending. Wise is very good using their jars not sure if wise is better than chase for spending abroad because of chase cashback
On standard Barclays debit card you can add money into a travel wallet and spend like normal with the same card. Obviously don't get the 1% cash back like you do with Chase, good to know!
Would be good a video about Kroo :)
Thailand beware do not use your debit card or credit card in the hole in the wall charges high
🎉 Awesome!!! Bank Man!!! Chase🎉🎉🎉
I'm just about to go to Sweden. Does anyone have any updates since the video was made? Any other suggestions?
If say you were booking hotels in advance of going abroad if you use the debits or prepaid cards do the fee free spending still apply?
Hi I am travelling to Switzerland for a week not sure what card should I get still a bit confused can you help please
Wise is much better than all these for overseas, and they have assets which gives you instant access, deposit protection up to 85k and a rate very close to the BOE. The MasterCard and visa rate is not that close to the mid market rate most of the time also. Wise gives you the mid market rate plus a tiny fee
Is it actually cheaper to you use than a fee free Master or Visa?
Great video
As always
Do you know what prepaid debit card I can get that I can top up with cash ? Say in a shop or post office
I think virgin money credit card does charge for cash withdrawals. Unless money saving expert has not update it. It's 29.9% charged daily until paid off. They don't charge for spending charge, if you direct debit.
When I'm in Mexico for a month I'll be using a Mexican SIM card, does that mean I won't be able to use the Starling app to control my account? Also my smartphone... I can't just switch SIM cards randomly, a specialist engineer is needed to open and shut the phone, it can't be opened by an ordinary person... Iwon't be able to switch SIM cards
i choose to deal with wise and their account/physical credit card
they have the best exchange rate and everything is very much on overviewable costs
i think for people who deal with different currencies a lot this is the way to go espescially if it comes to high volumes where banks like barclays charge already upto 5 % on the currency exchange
another thing with mainstream brit banks is that in my opinion they have quite a bit of a gangster style and it also comes with a terrible service on top
Hello, Andy, thank you for your videos! I am planning to buy some stuff in a foreign country so it's best for me to keep some savings in US dollars as I am going to spend US dollars and also transfer money to other foreign accounts nominated in US dollars. Could you, please, film a video on foreign currency bank accounts (USD especially, which accounts are best to open in terms of account maintenance fees and money transfer fees, easiness-of-use, current exchange rates etc.) if this sounds interesting enough for you? Thank you!
This channel person is based in the UK, so you’ll have to do more research with People who are US based. Charles Schwab and Chase have debit cards that don’t charge a fee, but there will be local ATM fees involved. Ask both banks which accounts are best used for foreign travel and open up the checking accounts. Designate this debit card for foreign travel only, that way you can just move a certain amount into the account and not worry if the card is stolen or eaten by a machine! Bon Voyage!
Revolut is my number one choice for spending all over the world. I'm on the Metal plan. Worth it for people that travel a lot.
how often do you travel? I transfer outside of the UK to my account in the US monthly as well. Worth moving to metal you think?
@@epvtrinidad I travel nearly 100% of the time. I like Metal because you get things like 10% cashback on hotels, plus cheap lounge access in airports, and even free lounge access if your flight is late. Plus 1% cash back on every transaction outside of Europe which pays for the cost of Metal easily.
@@TomJamesOfficial cool cheers
I’m travelling to Saudi Arabia 🇸🇦 and in order to rent a car they require a security deposit held on a credit card. I was wondering would starling be sufficient?
Hi
I am going to travel to Pakistan next month. I have a few questions
1- Which travel card would you recommend
2- Will that card work in any ATM machine which has mastercard or visa transactions?
3- Is there any fee for opening that account? Also do i need to pay some fee to send money from my main account to that account e.g Chase or Sterling?
Thanks
Usman
Mastercard used in Malaysia no charge good rate happy days lol oh yes used in hope in the wall .
I love Barclaycard.
Regarding the card you use, Barclays Rewards CC. You will still get charged interest from the day you withdraw cash though right? You won't get charged transaction fee but aren't cash withdrawals charged interest from the day you withdraw?
Not with the Barclaycard Reward. Though I’ll use Chase or Starling for cash withdrawals anyway
I have the Virgin Money debit card, which as well as offering fee-free overseas spending and cash withdrawals, also pays you 2.02% interest (or 2.52% on the linked saver account). Just curious as to why you seem to favour the Chase and Starling accounts over this one?
Chase gives you 1% cash back on every purchase ... starling is he's favourite bank lol😅
As mentioned in the video, Chase gives cashback and Starling has the best app. As for savings you can significantly beat the Virgin Money rates now elsewhere (see my regular savings updates)
@@BeCleverWithYourCashfair enough, I won't deny that the Virgin app does take a lot to be desired. The occasional bugs definitely seem to pop up now and then on it.
My Currensee card got me out of a hole at an unmanned petrol station in Iceland last year. My Chase card kept being declined, due, as I found out later, to insufficient funds being available at the time to be blocked.
My Currensee card, linked to my HSBC account which had plenty of money in it, worked fine though.
On a recent holiday in Portugal I used my Starling Bank debit card linked to a Euro account, loaded when the exchange rate was about €1.19 quite some time ago.
I'm tempted by the Currensea card but there seems to be a lot of choice and pitfalls.
Still recommending the currensea?
The fees arent high enough to warrant all the hassle
I use my Santander debit card and it’s fee free and you get the current interbank exchange rate.
Santander charges for spending on debit cards abroad, though it’s free to use Santander ATMs www.santander.co.uk/personal/support/credit-cards/travelling
Didn't understand the bit where companies can supposedly freeze money on your debit card... how? (at 4:10)
When you check in to a hotel you & the hotel may put a hold on a portion of your available credit on your credit card. That means you have less to use until the block clears. The hotel or cruise can now be certain that you have and will have the funds to settle your bill.
@@Torisho Thanks for the explanation! I see now that's what Andy meant, just worded in a way I didn't understand...
It would be really interesting to hear how easy getting a result from section 75 is in reality. I've never known anyone actually use it. Could you cover this topic pls
Section 75 is very useful. I work in the insolvency profession and liquidate companies on a regular basis. When I liquidate one particular client I was able to assist hundreds of creditors who had paid for their goods via credit card as Section 75 of the Consumer Credit Act came into play. They were able to use this and recoup any lost money from their credit card provider. So it does work.
hsbc global money account is great
this is a good back-up, the main currencies have a slightly worse exchange rate than the VISA exchange rate though.
@@FirstLastth i use it alot and have compared and it very close
I wouldn't outside Europe use my card specially in Asia cause they skim the card when your not aware or looking big no no for me specially in Thailand and Vietnam be ware
If you go to the big banks like Bangkok bank, which is everywhere in Thailand. They won't do this imo. It could happen but you would know because the app will tell you. You can go back and complain if that happens.
Ok👌
Monzo would be the best one for me
Halifax Clarity was my first specialist travel card, now using Curve X with underlying cards for cash back apart from at weekends due to 0.5-1.5% fee when abroad.
I think halifax clarity card is updated on money saving expert. It doesn't say how much cashwithdrawal are. I wonder if they change the cashwithdrawal rules overseas
@@fearless6947 0% fee for cash withdrawals, you will pay interest on it if you don’t pay it off straightaway.
I hate saying this but cash is king
Especially abroad.🙂