Post Office Credit Card commission-free overseas transactions - HotUKDeals
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Post Office Credit Card commission-free overseas transactions

£0.00 @ Post Office
The Post Office credit card with no commision on non-sterling purchases, saving the usual 2.5-3% fee. Good for frequent travellers and fans of overseas internet shopping. Other benefits: 0% on bal… Read More
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7y, 1m agoFound 7 years, 1 month ago
The Post Office credit card with no commision on non-sterling purchases, saving the usual 2.5-3% fee. Good for frequent travellers and fans of overseas internet shopping.

Other benefits:
0% on balance transfers for the first 12 months (transfer fee applies)
0% on purchases for the first 3 months
0% on new balance transfers1 for 5 months in year 2 and 3
More From Post Office:

All Comments

(21) Jump to unreadPost a comment
Comments/page:
#1
Good info! Thanks!

Just passed it onto someone who is going on holiday..

# 0% commission on purchases overseas was the good option.

Might want to edit the post with
Quido Possibility: £14 for an accepted card
#2
nice info but not a deal
#3
no commission often mean exchange rate covers their lost profit, in other words their exchange rate is more costly. does anybody ever bother to compare exchange rates? no, thats how they get away with this.
#4
pet2000
no commission often mean exchange rate covers their lost profit, in other words their exchange rate is more costly. does anybody ever bother to compare exchange rates? no, thats how they get away with this.


Actually their rates are excellent. I have checked the rates before leaving on holiday and it is the rate Mastercard give. You would need to contact mastercard for the exact rate you receive, which is constantly changing. Dont think post office make much profit from this.
#5
Anyone got one of these?

Have you used it abroad, what are the exchange rates like??
#6
Its rated as a best buy in a lot of internet sites for using it when you are abroad. This includes Which magazine.
#7
I have one of these card and used it while in Malaysia. The 0% realy is 0% and the exchange rates were what masercard gives you. It was also very similar to the rate which was on teh bbcnews website as i checked this when paying for the hotel and i was surprised to see i got a much, much better rate than anywhere in Malaysia itself!

If you travel abroad regularly then this is the card for you (unless you like carrying lots of cash around with you!)
#8
How do the rates compare to the Nationwide cards? They apply the wholesale rate, and Eurozone is free, including places like Turkey too. Outside of Europe I believe there is a 1% fee now, but if the Post Office exchange rates are more than !% worse, then the Nationwide cards would still be the best bet.

I compared on travel last year, and my Nationwide card beat those pre-pay cards that have been touted as good deals.
#9
janz70
nice info but not a deal


do you say the same about every post in the Finance topic?
#10
Bear in mind that this is a credit card, so you will pay 2.5% (£3 min) for cash advances, and 26.9% (apr) interest until you pay it back. So for ATM withdrawals, the Nationwide will beat this easily.

Personally, I try to use cash when abroad, rather than cards, to avoid cloning and exchange scams. The added benefit is that if you get the same amount out each time, then it's easy to check your statements.
#11
I like to pick and choose when I buy my currency in advance so I can get the best possible rate. With a card you are at the mercy of the markets at the time you use it.

This deal is actually a Bank of Ireland card, by way of an affinity agreement with the post office.

Just for info.
#12
jsoap
Bear in mind that this is a credit card, so you will pay 2.5% (£3 min) for cash advances, and 26.9% (apr) interest until you pay it back. So for ATM withdrawals, the Nationwide will beat this easily.

Personally, I try to use cash when abroad, rather than cards, to avoid cloning and exchange scams. The added benefit is that if you get the same amount out each time, then it's easy to check your statements.


Clever people do not use credit card for cash withdrawals.
And the most clever ones pay their balance on the last day of their interest-free period ;-)
#13
Nationwide don't do free overseas use anymore do they
#14
risheet;8139530
Nationwide don't do free overseas use anymore do they


Correct
#15
risheet
Nationwide don't do free overseas use anymore do they


Free, for European Economic Area and Turkey and Israel, 1% for everywhere else. You can calulate the exact rate you are going to get here http://www.visaeurope.com/fxcalculator/main.jsp
#16
risheet
Nationwide don't do free overseas use anymore do they


Of course they do.

Best card available anywhere for overseas use.
#17
Inactive;8140135
Of course they do.

Best card available anywhere for overseas use.

oh no they don't :whistling:
http://www.nationwide.co.uk/creditcard/goldcard/foreigntransactions.htm
#18


Still the best card for overseas use.
#19
Halifax Clarity Card is best now!
#20
calypsobarry
Halifax Clarity Card is best now!


depends what type of card nationwide you have - I have a basic cash card and there are no fees (until 1st of November anyway)


I have a Cash Card Account that I use to withdraw cash when I'm on holiday. Will I be charged?
No. Initially, only Visa debit card transactions will have a fee applied. Your cash card is run by a different provider and is only available for withdrawing cash (it does not have facilities to make purchases online or at retailers). Our Cash Card Account is our Basic Bank Account and is available/suitable for customers who meet the Basic Bank Account criteria.


Edited By: officegimp on Oct 07, 2010 22:15: add nationwide
banned#21
Inactive


Still the best card for overseas use.

not any more it isnt

halifax clarity ftw

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