Quizzes & Puzzles1 min ago
Us dollars
The rate is sooo bad at present, I have 2 weeks before I go.
Cash or t/c s? where will I get the best rate ? certainly not at the airport !
any advice welcome, amount involved approx �1000
many tks Dee
Cash or t/c s? where will I get the best rate ? certainly not at the airport !
any advice welcome, amount involved approx �1000
many tks Dee
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.I certainly hope you are not considering carrying �1,000 in cash around with you !
Travellers cheques are good because they are numbered, and if you make a note of the numbers, and then lose them, they will be replaced.
Also, in places like Florida they are accepted like "cash" and they will even give you change.
To be honest you are best taking a combination of credit card, travellers cheques and cash.
Credit card will be accepted everywhere, and save you carrying around loads of cash or travellers cheques.
Travellers cheques are good because they are numbered, and if you make a note of the numbers, and then lose them, they will be replaced.
Also, in places like Florida they are accepted like "cash" and they will even give you change.
To be honest you are best taking a combination of credit card, travellers cheques and cash.
Credit card will be accepted everywhere, and save you carrying around loads of cash or travellers cheques.
The rate your credit card provider charges will be 3% max (for purchases). Most charge 2.75% and a few nil.
The typical rate for buying cash/TCs here is 5 or 6%. You can do better, but have to hunt around for it.
None of these %% is actual commission with that name - it's a loading on the exchange rate. CC companies generally show it separately - BdeC hide it in the exchange rate that they proclaim as 'commission free'
One piece of advice that may help - don't charge any gambling related purchases to your credit card - many providers will treat it as a cash advance with fee/interest to pay
The typical rate for buying cash/TCs here is 5 or 6%. You can do better, but have to hunt around for it.
None of these %% is actual commission with that name - it's a loading on the exchange rate. CC companies generally show it separately - BdeC hide it in the exchange rate that they proclaim as 'commission free'
One piece of advice that may help - don't charge any gambling related purchases to your credit card - many providers will treat it as a cash advance with fee/interest to pay