- Monday, 23 July 2012
Brits holidaying abroad this summer will incur millions of pounds in fees because of a reliance on credit cards and debit cards, despite the fact that using these can add almost £70 in charges to the average family holiday bill.
A recent study by Travelex, where more than 3000 British holiday makers were questioned and 50 of the most popular debit, credit and prepaid holiday money cards were analysed, shows that nearly 80% of us will use a debit or credit card to fund our holiday purchases - even though one in five of us don’t know what charges we may incur.
The ‘hidden fees’ involved with foreign currency are a huge worry for travellers, but what is being done to make things clearer for holidaymakers? And with nearly a quarter of us not realising that we are incurring fees and charges when using credit and debit cards abroad, how can we ensure that we are aware of all the hidden charges?
Watch our video with independent financial journalist, Andrew Hagger, where he gives his valuable advice to avoid the confusion and get some clarity, so that you can have a hassle free holiday this summer.