The UK
Post Office has cut the standard 2.5 per cent
cash advance fee that it normally charges for those purchasing
purchase
foreign currency from one of its outlets. Those using their
credit card to purchase
travel money will now pay no
currency exchange fee, helping people
travelling abroad to save on their costs.
There will be 0 per cent charge on
balance transfers for the first 12 months and 0 per cent on new
purchases for the first three months, making
the Post Office one of the few providers that do not add
commission for any overseas purchases.
Az Alibhai, who is head of cards at the Post Office, said:
Our customers love the fact that we don’t charge commission
when they use their card overseas, so we are now saving them even
more money by removing the cash advance fee when they use their
Post Office Credit Card to purchase great value travel money
from the Post Office.
With many people still feeling the pinch this will give them
a bit of extra cash in their pockets to enjoy on holiday. We are
dedicated to providing customers with flexibility and value when it
comes to managing their money, especially as our
credit card offers a
combination of benefits that they can’t get anywhere
else.