6 Answers

Could anyone tell me if its still worth taking travellers cheques ?

Asked by: 28th April 2011

Could anyone tell me if its still worth taking travellers cheques or changing into euros whilst in England. What are the current exchange rates on Lanzarote. 

 


6 Answers



  1. Sam Roberto on Apr 28, 2011

    The best way of getting the best rates possible whilst outside of the UK, whether its Spain, France or wherever, is by having a credit card with you, for some credit cards you get charged 0% on purchases. But for more details check out the following.

    moneysavingexpert.com

    There is details for the best cards and the ways to get the best rate.

    When i was last away in february, i could get cash in england for 1.16 but on my card when abroad i was getting 1.19-1.21. Which may seem a small difference but it all helps.

    Hope this helps 😉



  2. Kitty on Apr 28, 2011

    For purchases – but not cash – a post office credit card does not charge any overseas fees. The rate you will get when it appears on your bill is usually around 5 points higher than general tourist rates as they use money market rates for the conversion.



  3. Steve Mobius on Apr 29, 2011

    When we go abroad, we use a cash passport, they are like your debit card at home. all you do is load it with the amount of money you wish to take and when you get to your holiday destination use it at most ATM’s, shops etc.

    We got ours from Thomas Cook here is the link to their page

    http://www.cashpassport.com/1/en/thomascook/



    • Gill Green on Apr 30, 2011

      do you get charged when using atms with these cash passports?



  4. Pam Furniss on Apr 29, 2011

    Thank you for your help.



  5. Steve Mobius on Apr 30, 2011

    It’s the same as the uk some charge but banks and shops don’t.