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Travel insurance customers 'should beware card charges'

25 June 2009 16:28

Travel insurance customers 'should beware card charges'

Travel insurance customers are often advised to take a range of payment methods with them to save getting stuck if a mishap occurs.

However, British holidaymakers have been told to be wary of credit and debit card fees while abroad, as theses can mount up.

As much as £6 in every £90 spent on cards overseas goes on transaction fees or ATM charges, according to Caxton FX.

The firm suggested Brits opt for a prepayment card that does not come with the added costs and is still usable in the same way.

It also noted the pound has recently strengthened against the euro, meaning UK travel insurance customers are likely to get more for their money.

Potential destinations outside the eurozone include South Africa, which is currently hosting the Fifa Confederations Cup.

The competition features, the home team, as well as world champions Italy and European champions Spain.

Also taking part are Brazil, Egypt, Iraq, New Zealand and the USA.ADNFCR-1320-ID-19228570-ADNFCR