Compare a travel card against a standard card on foreign spending.
A three per cent foreign transaction fee costs ninety pounds on three thousand of spending, which most fee-free travel cards eliminate entirely. An annual fee only makes sense above the break-even spend. For anyone spending a few thousand abroad each year, switching card is worth more than any other single travel money decision.
Travel Card Savings
Saving = foreign spending × (standard fee − travel card fee) − annual fee
Saving = foreign spending × (standard fee − travel card fee) − annual fee A three per cent foreign transaction fee costs ninety pounds on three thousand of spending, which most fee-free travel cards eliminate entirely. An annual fee only makes sense above the break-even spend.
For anyone spending a few thousand abroad each year, switching card is worth more than any other single travel money decision.
This calculator takes 5 inputs: Foreign spending, Cash withdrawn abroad, Standard card foreign transaction fee, Travel card fee, Travel card annual fee. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.