Valentine couples heading abroad should be wary of credit card costs
Couples spending Valentine’s Day abroad should be aware of hidden costs for card usage overseas.
Nationwide said that consumers lost more than £27 million in hidden charges last February.The building society advises that credit card users should avoid providers that charge foreign usage fees and, if cheaper, use a debit card where ever possible. Jeremy Wood, divisional director at Nationwide, said:
“Couples who are planning to go abroad for a romantic getaway this Valentine’s Day should be aware of the hidden charges that most card providers impose, which are both costly and unnecessary.”
Meanwhile, consumers are being advised to treat Dynamic Currency Conversion - where the cardholder is given the option to pay in sterling or local currency - with caution, as any conversion rate can be used by the retailer.