UK holidaymakers' now face a fresh wave of card fees when using their debit or credit cards abroad. uSwitch.com claim that £22.4 billion will be spent on overseas credit transactions during 2009. This comes after British taxpayers have had no option but to pay for the incompetence and inherent greed of banks. It is important to be aware of the costs of credit transactions before buying abroad.

How Much Does Using a Credit Card Abroad Cost?

The overwhelming majority of providers are now charging a card fee for using a debit or credit card abroad. Whilst Abbey National and Royal Bank of Scotland each charge £1.25, Halifax charges as much as £1.50 for each credit transaction. Louise Bond, of Uswitch said: “With an average charge per debit card purchase of £1.13, netting the industry £148 million per year, more and more providers look set to jump on this lucrative bandwagon.”