London, UK (Vocus/PRWEB) 17 April 2011
Over two-thirds (68 per cent) of holidaymakers who plan to use their travel credit card overseas could be set to waste millions in travel credit card charges, according to research conducted by Post Office Credit Cards.
According to the Post Office research, paying unnecessarily for the privilege of using a travel credit card abroad is one of the top five financial travel traps catching out UK holidaymakers. Cutting corners on travel insurance and paying over the odds for foreign currency were also identified as common holiday pitfalls.
However, travel credit card charges could easily be avoided by using a travel credit card which does not charge a fee for foreign transactions, such as the Post Office’s Credit Card.
Meanwhile the Post Office is advising UK holidaymakers travelling to Europe to check that their transaction can be made in the local currency, instead of automatically being changed to the currency of wherever the card was issued which can result in the travel credit card holder paying over the odds for the purchase.
Az Alibhai, Post Office Head of Credit Cards, said: “If you are planning to use your travel credit card abroad it is vital that you use one which doesn’t charge any fee for purchases made abroad.
“The Post Office travel credit card doesn’t charge at all for foreign purchases, whether you’re within the EU or off on a long-haul trip.”
The Post Office travel credit card also offers no cash advance fee when purchasing foreign currency from the Post Office.
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