The Pros and Cons of Using your Credit Card Abroad

While it is undoubtedly very convenient to swipe your credit card when you are travelling overseas, it might be an eye-opener to know that you may be paying additional costs and fees every time you do so. Consider these statistics –

• Banks earn £500 million from overseas credit card usage.
  
• According the Office of National Statistics, Britons spend more than £30 billion in foreign countries; of this, more than half is spent with credit cards.
  
• Almost 70% of credit cards users are unaware that their credit card company levies additional surcharges and fees when they make card purchases during foreign jaunts.

If you were previously unaware of these charges, read on to find out the specific costs you could incur when yo View the rest of this article