People may be able to avoid excessive credit card charges while on holiday by using a prepaid travel card.Andrew Hagger, financial journalist, said there can often be a "marked difference" between the expenses in using one of these devices in a foreign country and the bank charges enforced when normal debit and credit cards are used.Recent research by Travelex found the cost of a holiday can be increased by as much as £70 due to Brits' reliance on using their domestic bank cards when overseas.Mr Hagger explained prepaid cards work by enabling a member of the public to load money on to their card in sterling."Then you take it on holiday, make your purchases or cash withdrawals and you get the exchange rate at the time you had the transaction abroad," he declared.Alternatively, people can take a card out in a predetermined currency and will receive the exchange rate from the time they put the cash in the account when they use it on holiday, the specialist stated.John Fieldman Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk/search.aspx number 18273
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office. Registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.
Please note that calls may be recorded and email traffic monitored for the purposes of security and staff training.
* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.
By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide