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Advice over credit cards for World Cup spree

Fri, 26 May 2006

Travellers intending to head out of the UK and enjoy this summer's World Cup in Germany have been given advice on which credit cards to use to save money.

While most UK credit cards charge a premium for paying abroad, credit card providers also charge extra to pay in pounds not euros, according to Nationwide.

Dynamic currency conversion can also cost users extra on their credit card bill, which converts local money to pounds when purchases are made, often at a higher conversion rate which makes it more expensive to pay in pounds.

Nationwide estimates that foreign currency loading fees, which are added to overseas transactions by several credit card providers, will cost the average credit card user around £60 for four days in Germany.

Robert Kenley, head of credit cards at price comparison company Moneysupermarket, commented: "It will be all too easy to get carried away with the excitement of the World Cup and forget about the charges you are likely to incur when you use your credit card abroad.

"But when the tournament is over and your credit card bill comes in, you may wish you’d substituted your existing credit card to one with lower or no fees ahead of your trip."

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