You are here: Home - Uncategorized -

Post Office calls for credit card caution

0
Written by:
11/12/2007

With 2.4 million people planning to spend the Christmas period abroad, the Post Office is warning travelers not to be caught out by hidden fees on their credit card.

Just under a fifth of those heading abroad during the Christmas and New Year period are planning to visit Spain, 6% are planning to visit France and 5%, Italy.

Around 1 in 10 plan to travel further afield to the US, with many likely to take advantage of the weak dollar. However, those planning to use their credit card abroad could be in for a big shock because of hidden charges.

The majority of credit cards charge a typical 2.75% for each transaction made overseas. However, Post Office credit card customers can use their card worldwide without incurring any commission charges.

The Post Office is therefore urging consumers to check with their bank or credit card provider whether they will be paying a fee to shop overseas before they go.

Post Office director of lending Gary Fitton said: “For many people, going abroad for Christmas is a great way to relax and not have to worry about cooking Christmas dinner. However, with 49% of UK holidaymakers planning to use their credit card when shopping abroad many people could be returning from their Christmas break with a lot more than just memories and mementoes due to hidden card charges.”

 

Related Posts

Tagged:

Tag Box

Debt

Pension

Spending

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

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
New Star issues UK equity outlook

New Star anticipates progress in the equity market in 2008 after uncertainty in the latter half of 2007.

Close