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Credit Card Foreign Exchange Fees List

  • 15-09-2014 10:56am
    #1
    Drewgt
    Registered Users, Registered Users 2 Posts: 28 ✭


    Hi

    Does anyone know if there is a site that shows all the creditcard issuers and the Foreign Exchange Fees they charge. I had an MBNA card and stupidly haven't changed it even though I feel I'm getting ripped off every time I buy something non euro.

    Not too bothered in Interest charges for purchases as we pay off monthly.


Comments

  • #2
    Paulw
    Registered Users, Registered Users 2 Posts: 13,381 ✭✭✭✭Paulw


    Try http://www.visaeurope.com/en/cardholders/exchange_rates.aspx

    You will need the bank conversion fee rate though.


  • #3
    Doodah7
    Registered Users, Registered Users 2 Posts: 3,798 ✭✭✭Doodah7


    For what it's worth, there is a 2% foreign currency conversion fee on an Ulster Bank Visa card for non-euro purchases. Other than that, it is the prevailing FX rate as applied by Visa on the day. No charges for euro purchases made in Ireland or elsewhere.


  • #4
    Yggr of Asgard
    Registered Users, Registered Users 2 Posts: 5,257 ✭✭✭Yggr of Asgard


    Drewgt wrote: »
    Hi

    Does anyone know if there is a site that shows all the creditcard issuers and the Foreign Exchange Fees they charge. I had an MBNA card and stupidly haven't changed it even though I feel I'm getting ripped off every time I buy something non euro.

    Not too bothered in Interest charges for purchases as we pay off monthly.


    Here is what i know (because I recently looked into the same).

    Avantcard 2.65%
    Tesco 1.75%
    PTSB ICE 1.75%
    Ulster 2.00% (Classic Card, Gold Card, Zinc, World)
    AIB Visa 2.75% (Visa World Region), 1.75% (Visa Europe Region) for click, be Visa and Visa Platinum
    AIB Mastercard 2.14% (Rest of World) and 1.85% (Europe Region) (this is the total consistent out of 1.75% by AIB and the rest by Mastercard)

    Avantcard (Ex-MBNA) indeed charges a larger % than others but not as high as AIB visa (the Europe Region % is only applicable on non € payments).

    If you travel frequently you might want to look into a prepaid multi currency card which might give you a better rate for most common currencies.


  • #5
    Drewgt
    Registered Users, Registered Users 2 Posts: 28 ✭Drewgt


    Exactly what I needed thanks. Avantcard were in my opinion very sneaky about the way they increased charges over the MBNA card. Have to talk to Tesco or PTSB about getting a card. Also a prepaid might be a good way to go with Online transfer of funds onto the card if planning travel or online purchases (if this is possible).

    Thanks a Lot. Good Info.


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