Excuse me a minute here, while I suck air through my teeth and tut several times over the very thought of using a credit card for money exchange. This is one big and almighty no!
You see, whenever you use a credit card to exchange money for your travels, these companies rub their hands together in ecstatic glee, as they contemplate the fact that they are going to make a nice sum through the cash advance fee they are about to whack you with. Credit card companies live and breath to rip their customers off with such shocking and arbitrary charges.
So, get the idea of using your credit card for foreign currency out of your head altogether. If this is the only way you can afford to buy your currency, it is highly likely that you could not afford to go on this holiday in the first place and mounting-up such debt, could prove to be a slippery slope to far more extreme problems in the future.
It is usually the case that debit cards are an exception to the rules imposed on credit cards, but when it comes to purchasing foreign currency, this is far from the case. Even though these funds may be your own, the cheeky banks will still charge a cash advance fee for you to use your own money to buy foreign currency.
When you are purchasing foreign currency, do not allow the card issuers to rip you off with these unfair fees; you want the money to spend on your holidays for yourself. Therefore, use cash every time and make sure you use the service of a bureau de change that does not charge any commission.
