Foreign transaction fee cards 'should be avoided'

Consumers travelling abroad during the winter break should consider which credit cards are cheapest to use overseas, it has been claimed.

Emma Roberts, director at Santander Cards, noted that with the pound faring poorly in relation to the euro, winter sports enthusiasts and other holidaymakers face racking up significant bills during their trip.

She suggested that some of the best credit card deals available in the UK may come unstuck when on foreign soil, with some cards charging high fees for transactions made in other currencies.

Ms Roberts stated: "The average cost of a winter sports holiday may now be higher than at any time since the turn of the millennium, but one way that winter holidaymakers can avoid unnecessary additional costs is to use a credit card that doesn't charge them."

She noted that the Santander Zero card has no foreign exchange fees on spending anywhere in the world.

This makes it "ideal" for holidaymakers looking for the best deal on their spending this winter, Ms Roberts added.

David Black of Defaqto recently told the Times that a good credit card history is essential for consumers looking to take advantage of the best credit card offers.

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2009-12-09 13:45:15 © Moneyextra.com