Do all credit cards charge currency commission?

Question

I was surprised to see a "Forex" charge against every payment I had made on my Goldfish Mastercard on a trip to France. I don't remember seeing this in the past... do all credit card providers do this now?

Answer 1

Goldfish has been taken over by Barclaycard so you now get ripped off the same way that Barclays customers do.  You get a charge and a commercial exchange rate.  Previously, under Goldfish, you got a "tourist" rate which means a charge of about 5% was built into the exchange rate.

If you have a Nationwide Credit Card, there's no commission and balances are converted at a commercial rate.  If you have a Nationwide Debit Card, you can draw cash out of foreign ATMs on the same basis.

Answer 2

To the best of my knowledge, yes they do.

Plus the issuing bank's charges!

Answer 3

Yes, apart from the new Prepaid Currency card by Mastercard and FairFX.

It is a top up card preloaded in USD or Euro and therefore does not charge commission when you withdraw.

However, check the small print as fees are charged on other transactions.

http://www.financecomparator.co.uk/buy_f...

Answer 4

Most of them do,one way or another