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Old May 12, 2015 | 1:29 am
  #7  
David-A
 
Join Date: Jan 2006
Programs: MUCCI
Posts: 5,706
Originally Posted by LondonElite
Credit card (check foreign currency surcharges) and ATM. You will need surprisingly little Euro cash in most countries.
I think you mean debit card, after checking for foreign usage surcharges, and the currency conversion fee they charge.

Credit cards (irrespective of currency or location of withdrawal, i.e. even at home) will usually consider ATMs to be a 'cash advance' and subject to further surcharges, and no interest free period, etc.

Assuming we are not talking about a cash advance, then yes use a card in an ATM, after making sure you understand what (a) Foreign currency fees they charge, i.e. how much loading they apply to the rate, and what further fees (fixed and/or percentage) they also apply, and (b) for foreign usage fees they charge.

(b) above is important, as even if you elect to make a transaction in the currency of the card/account, some will still charge a fee for usage abroad.

That said, using the correct debit card in a local ATM is invariably the best route. Both cheapest and most convenient.
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