Foreign Perspectives

This used to be relatively simple in that it was always the Nationwide for foreign holidays, almost always MBNA for a big limit and generally CapitalOne for a stable low-ish rate.

However, all that’s changed. Although, for the most part the changes are for the better, it means that when you compare credit cards on the various comparison sites there’s a lot more in the way of questions that they need to ask you upfront. For example, these days the Nationwide isn’t the best card to go for if you’re looking for a card to use overseas as the Post Office credit card doesn’t load on as much in the way of cash advance fees as the Nationwide do these days thus when you compare credit cards for use abroad the Nationwide has lost the top spot which it has held for around ten years.

Other things to consider are those cards that don’t charge to withdraw cash. Obviously, you’d not want to be doing that on a regular basis with interest rates being what they are but it’s handy to have a card that will allow you to do that. Sadly, none so far have both dropped the foreign transaction charge and the withdrawal charge but with the competition heating up in overseas use charges perhaps one of them will break ranks and do just that. After all, not so long ago the Nationwide just charged 50p for a cash withdrawal.

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