Wednesday October 28, 2020

Beware of hidden card charges abroad

Britain is less than 80 kilometres from the coast of Ireland at its closest point, but it will cost you substantially more to use your credit card there than it does over 3,000 kilometres away in Greece.

21st October, 2006

The reason is that, under an EU law introduced in July 2002, you cannot be charged more to use your credit card to buy goods or withdraw money in the eurozone than if you used it at home.

But customers who travel to the United States, Britain, Denmark and other countries outside the eurozone must pay a fee of between 1.75 and 2.75 per cent on purchases, depending on their credit card provider. For example, if...

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