Comparison Of Travel Currency Conversion With Credit Cards

Making a travel currency conversion comparison is often accompanied with lots of time spent having to research the various credit cards that offer us some sort of overseas travel deals. But in the end it always boils down to costs.

Best Credit Card for Frequent Flyers

The ANZ Frequent Flyer gives you the benefit of having both a Visa for wide acceptance and an American Express card to earn more points and pay less on currency conversion

• $95 annual fee
• 19.74% p.a. on purchases
• Cash Advance Rate of 20.99% p.a.
• 44 days interest free
• Minimum Income Requirement of $15,000 p.a.

Read the ANZ Frequent Flyer terms and conditions.

Most credit card issuers will charge you a:

• 1.5 – 4 per cent per cent or $5 ATM fee for withdrawing cash overseas. Also known as cash advance.
• Plus they charge you currency exchange fees at various levels of interest, usually at least 2 per cent.

Why a travel currency conversion comparison will save you more money than you think:

If you calculate the average costs of travel a credit card incurs you probably end up with a bill of $104-$107 for every $100 you withdraw from an overseas ATM machine. Naturally, $100 don’t get us anywhere these days, especially if you visit Europe or the US. Daily costs for hotel accommodation and meals are easily $100 a person if you live half-decent and while you don’t pay your standard bills with cash there are always moments when cash is needed – so what is the best way to travel money-wise?

Australian consumers are limited in regards to travel cash options:

Our travel currency conversion comparison search has revealed that there isn’t a whole lot of choice when it comes to saving money on overseas cash advances and exchanges of foreign currencies. But having said this, there are some really interesting offers on the market at present.

Travel currency conversion comparison cards:

We have found three cards that target the overseas traveller in the sense that they offer you a chance to carry cash on your hip in the form of a prepaid credit card.

1. Commonwealth Bank Travel Money MasterCard: This one is our star pick. It is by far the best value travel card because you don’t pay any overseas exchange purchase fee and a single $3.50 ATM fee whenever you withdraw cash.

If you know that you need several hundred dollars within the week then make less withdrawals to save money. The Commonwealth Bank Travel Money MasterCard has not yearly card fee and you don’t have to be an existing Commonwealth Bank customer to get one either. Simply show your identity and you are good to go.

You can preload your card with $200 minimum and $25,000 maximum funds and since it is a MasterCard you will be accepted worldwide. Each time you load funds onto the card you will be charged $15. The card is valid for three years and remaining funds will expire so please keep this in mind!

2. Wizard Clear Advantage MasterCard: This card offers a really good exchange fees of 0.4 to 0.8 percent. Plus the card is fee-free, meaning no yearly charge. The one drawback of the Wizard Clear Advantage Card is the fact that not all countries accept it. Cuba, Sudan, North Korea, Burma or Iran are not.
take these posts and turn them into a guide/ article. Suggest some cards with low currency conversion rates from the ccf stock. Also suggestion some cards with free travel insurance.

3. Travelex Prepaid Visa: The Travelex Prepaid Visa has made the travel currency conversion comparison list because it is so handy to use and deal with. But, unless you are loading the card with BPay and not with your credit card it will sting you.

4. Various Platinum Credit Cards: The other option to travel and save money is by using a Platinum credit card as many of them give you free overseas travel insurance, therefore giving you more cash flow to pay for transaction costs. TheWestpac Earth Card won’t charge you for overseas transactions.

In closing:

This travel currency conversion comparison for travel credit cards is merely a guide to help make you aware of the potential costs of using credit cards overseas and giving you some ideas where to look for the best possible deal.

Check out today's featured offers:

Westpac Low Rate	Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum
0% p.a. for 6 months on purchases & balance transfers	2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Westpac Low Rate Card - 0% Offer	A credit card with a low rate offer on both balance transfers and purchases, plus a low annual fee.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%