Martin Lewis reveals best debit cards to use on holiday abroad this summer

Martin Lewis reveals best debit cards to use on holiday abroad this summer Martin Lewis has shared the top cards for travelling abroad this summer helping families save some extra cash. Most credit and debit cards can be spent abroad; however, people will be charged a fee around three percent for each transaction. To avoid this, Britons can opt for a specialist travel card that doesn’t charge extra fees for use abroad. A specialist card can save people over £100 per holiday. On moneysavingexpert.com , Martin Lewis and his team of experts gave examples of the potential savings that can be made. ‘Here’s how much spending $1,000 can cost in pounds (we assumed five $100 cash withdrawals and 20 transactions of $25 each on the cards): Top specialist credit/debit card repaid in full: £818 Cash via cheapest bureau (pick up in London): £821 Cash from M&S on the high street: £829 Using a debit card with a spending charge: £872 Changing cash at airport (not pre-ordered): £949.’ Most credit and debit cards can be spent abroad What are the top cards for spending abroad? Chase offers ‘virtually perfect’ exchange rates, and one percent cashback for up to 15months. Britons can use it alongside their main bank, and it only does an ID check. Alternatively, the Barclaycard Rewards credit card offers interest-free withdrawals, plus gives an ongoing 0.25 percent cashback. It should be noted that people only get it if they repay in full each month. Another option is First Direct’s debit card. It offers interest free spending and a free £175 if someone switches. Customers also have access to their seven percent regular saver. As the cost of living crisis continues, any extra cash could be vital for families on low incomes Starling’s Mastercard debit card* offers all overseas spending and ATM withdrawals fee-free and interest-free. There’s a new app only bank Kroo’s which offers a Visa debit card*. This is entirely fee-free to use, however from November 1, people will only be able to withdraw £200/month fee-free (three percent fee above). It also pays 4.1 percent AER savings interest on up to £85,000 and only requires an ID check to open. SUBSCRIBE Invalid email We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Trending