Martin Lewis' stark warning for those using cash machines abroad
25.05.2022 - 10:11
/ manchestereveningnews.co.uk
Martin Lewis has provided holiday makers with essential advice on how to get the most from your money this summer. His advice includes how to avoid some of the perils of using ATM conversions.
Speaking on a special summer holiday money saving show, Martin was, as usual, full of advice on how to make your money go further. And he gave tips on how to make the most of your money when you travel.
His tips included which card to use abroad, and how to ensure you're not ripped off when you use cash machines overseas. It’s a tip that can save you precious holiday pocket money.
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Firstly, Martin took on the often-complicated topic of which cards to take with you on your jollies. He recommends using a travel-specific card, and has three favourites in particular.
They are the Chase debit card, Halifax credit card, and Barclays credit card for travel. All three have their own merits, and there’s no one size-fits-all approach, he said.
However, he did have a favourite — the Chase card. Martin explained: “Normally if you spend abroad your bank gets a near-perfect raee and adds three percent. All three of these cards do not [add that three percent].
“You can withdraw cash for free from all three, but the limits on the Barclays and Halifax cards are bigger. Chase will give you one percent cashback as well.
“They are all good. Which has got the most green [boxes on the table]? It’s Chase, but all three are good, it’s mix and match.”
Martin also had advice for those who prefer to use cash abroad. He continued: “If you use cash it is the rate on the day you get it, but plastic — it’s when you spend. Never get cash