Credit cards

RickHolt · Traffic Copper Joined: 17 Mar 2004 Karma :

Just started looking at getting a credit card today. Would be so much easier if they didn't complicate everything with special offers.

Anyways...

I'm trying to find a credit card that doesn't charge for currency conversion when you pay for things online (game subscription) and wont charge me interest if I pay the bill straight away.

Does a card like that exist?

I'd ask at the bank but they'll be too biased towards their own card.

Rick

Davo · Davo To The Rescue! Joined: 04 Apr 2004 Karma :

My Nationwide visa card didn't charge me for foreign usage and came with a 59 day interest free period.

https://www.nationwide.co.uk/creditcard/ClassicCard/default.htm

Keir · World Chat Champion Joined: 11 Apr 2006 Karma :

go to google, type in money supermarket...have a read. Thumbs Up

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feef · Energiser Bunny Joined: 11 Feb 2002 Karma :

I don't think ANY card charges interst if you pay it off in full within the month.

Unless you're using it or cash withdrawls, which are usually charged from the day the withdrawl is made.

a
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carvell · Scuttler Joined: 05 Sep 2003 Karma :

All credit cards have a 56 day (or similar..) interest free period, most don't mention this because they know it's common knowledge, so don't shop around based on that.
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RickHolt · Traffic Copper Joined: 17 Mar 2004 Karma :

Thanks mate.

Couple more stupid questions.

When it says 59 days interest free, does that mean if you spend $15 on 01/10/06 and pay the credit card off on 29/10/06 it will only cost you $15? No extra charges at all?

Oh and how do you actually pay the bill for the credit card? Can I just put my banks debit card details in online?

Thanks alot for the help mate, saving me alot of internet searching time. Too much rubbish and dodgy advertising to look through.

Thumbs Up

Rick

[EDIT] It's mostly the currency conversion bit I'm interested in. Was just starting to think they charge interest even if you pay it off because of some of the bits im reading online now.

feef · Energiser Bunny Joined: 11 Feb 2002 Karma :

RickHolt · Traffic Copper Joined: 17 Mar 2004 Karma :

I'm in the UK, but I'll be paying a US company for a game subscription of about $15 a month. Right now I pay the $15 + a £2.50 conversion charge, so it's costing me a fortune as a %.

I might use the card for petrol aswell. Just been advised to get one to build up a good credit history. I've got no other real use for the card, and will easily keep on top of the payments.

Rick.

Annabella · Like a person, only smaller Joined: 03 Feb 2002 Karma :

I regularly use my Barclaycard for purchases from America (usually books or records/CDs on Amazon) and Europe as it offers insurance on the purchases (ie they don't arrive and you've paid for them Barclays will allegedly do chasing and/or reimburse your funds).

If you pay the balance when you receive the credit card bill (at the end of the month) you will pay no interest. Unless, as feef said, you withdraw cash.
Only partially pay the balance, then the interest starts to get hefty.
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queen of string · World Chat Champion Joined: 13 Jul 2005 Karma :

Nationwide is the only one I know of that doesnt charge for foreign transactions I'm jsut waiting for mine now Smile

looks like it isnt going to come in time for my hols on monday Sad

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Annabella · Like a person, only smaller Joined: 03 Feb 2002 Karma :

carvell · Scuttler Joined: 05 Sep 2003 Karma :

I've never been charged anything by capital one for foreign transactions either.

Nationwide's rediculous advertising campaign of trying to make people think that they are the only ones who don't charge interest if you use your card abroad or buy from abroad seems to be working!

To answer a question someone asked further up, you get a good few interest free weeks from the date of the bill, not the date of the purchase. For example I got a bill yesterday, and I have until November some time to pay it without paying any interest.
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Crash125 · Trackday Trickster Joined: 29 Oct 2005 Karma :

Nationwide is a good card, thats the one i have been using for the past 2 years.
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queen of string · World Chat Champion Joined: 13 Jul 2005 Karma :

I've always been charged the rate of exchange plus a handling fee. But then I usually make cash withdrawls abroad. I think maybe Nationwide are the one that doesnt charge extra for cash abroad. The two people I know who live abroad have a Nationwide card for this reason.
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