You are here: Home - Credit Cards & Loans -

APACS issues overseas card advice

Written by:

APACS, the UK payments association, and ABTA, the travel association, have published a consumer advice guide providing information for Brits using their cards abroad this summer.

APACS statistics show that there were 309 million overseas transactions on UK-issued cards last year, representing 3% of all transactions on UK-issued cards. In fact, using a card is so popular among British travellers that, in 2007, card purchases accounted for 50% of all overseas spending.

Last year Britons used their cards for overseas transactions totalling £25.2bn – £18.1bn on credit and debit card purchases and £7.1bn on cash taken out of overseas cash machines.

The Using Your Plastic Overseas guide includes tips on what to do before, during and after your trip abroad to minimise the chances of being a victim of fraud and provides information around the types of charges you may incur when withdrawing cash at a cash machine or when making a purchase overseas using your card.

Sandra Quinn, director of communications at APACS, said: “As a nation we are all using our cards more frequently abroad so it pays to be aware of any extra costs that may be incurred for using them overseas, as well as taking steps to protect them from fraud. Card thieves are hoping to catch us relaxed and off-guard when we are overseas, so we need to take the same sensible precautions with our cards abroad as we would in the UK.”

David Marshall, head of communications at ABTA, said: “Although there are a range of payment options available for UK consumers going abroad, paying with plastic is an increasingly popular choice. The advice in this guide provides holidaymakers with a variety of useful information that can help ensure a safe and stress-free holiday.”


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Rates on personal loans increase by 1%

Average rates on unsecured loans have increased by up to 1% in the past six months, despite the Bank of...