Barclaycard no fees

[alan_m]

I've just had a letter from Barclaycard


Headline: "No cash withdraw fee for using your card abroad"

Paragraph that immediately follows: "with your Barclaycard there's just
one straightforward 2.99% fee for foreign transactions and cash
withdraws when you're away."

No fee = 2.99% fee!

[Adrian]

Post by alan_m
I've just had a letter from Barclaycard
Headline: "No cash withdraw fee for using your card abroad"
Paragraph that immediately follows: "with your Barclaycard there's just
one straightforward 2.99% fee for foreign transactions and cash
withdraws when you're away."
No fee = 2.99% fee!

Umm, not quite what it says.

There's a fee - 2.99% - yes. But that's a "foreign transaction" fee,
applicable whether it's a cash withdrawal or a purchase. There is no
difference between a purchase or a cash withdrawal, ergo there is no cash
withdrawal fee.

[Chris Blunt]

On Sat, 22 Nov 2014 12:25:40 +0000 (UTC), Adrian

Post by Adrian

Post by alan_m
I've just had a letter from Barclaycard
Headline: "No cash withdraw fee for using your card abroad"
Paragraph that immediately follows: "with your Barclaycard there's just
one straightforward 2.99% fee for foreign transactions and cash
withdraws when you're away."
No fee = 2.99% fee!

Umm, not quite what it says.
There's a fee - 2.99% - yes. But that's a "foreign transaction" fee,
applicable whether it's a cash withdrawal or a purchase. There is no
difference between a purchase or a cash withdrawal, ergo there is no cash
withdrawal fee.

If you want a credit card to use overseas, go for a Halifax Clarity
card. There are no cash withdrawal fees and no loading on the exchange
rate. All you pay is interest on any cash withdrawn, which is charged
at a relatively low rate of 12.9%. You can minimise even that by
transferring money from your bank account to cover the amount of your
cash withdrawal, so you only pay interest for a couple of days.

Chris

[BIG CC]

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