Credit card exchange rate

We are off on holiday to Spain in a few weeks.
Can't wait

Quick question re credit cards.

When using it in Europe, I have noticed that the machine gives you an option to pay in Euro or Sterling £.
And you select your option on the credit card device.

Which option gives the better exchange rate?

 

Crikey, no idea!

Hope you enjoy a wonderful holiday though

 

Sirius, it's a question with many answers ... there is no simple answer because ...

* Different c/c suppliers may charge different handling costs
* Suppliers may be more or less favourable in the exchange rate they apply
* Debit card transactions may often be cheaper

Is it really important? Check with your supplier to see what their European rates are.

 

I must admit I have never noticed this option when paying by CC . I honestly don't think there would be a difference , the exchange has to be done somewhere in the transaction , and only you are going to pay for this. I tend to use mostly cash these days when abroad. You can generally get good exchange rates to the £1 . Over here Thomas Cook seem to give the best exchange rates. Don't change at the airport the rates are appalling !

 

Martins money saving tips

http://blog.moneysavingexpert.com/2...ys-pay-in-euros-even-if-it-says-0-commission/

It specifically mentions using ATM'S

Jack McH