Swede travelling: recommend a credit card for EUR/USD, please
May 17, 2016, 9:02 am
#1
Original Poster
Join Date: Sep 2010
Location: Copenhagen
Programs: TK*G, Delta Gold
Posts: 384
Swede travelling: recommend a credit card for EUR/USD, please
As the subject says, my bank accounts/savings are in SEK. I will be spending a longer period abroad and I am looking for a card to use when paying in EUR/USD, but also to withdraw money at ATMs, without larger fees for currency conversion etc.
Alternative: I do have a EUR account and suitable credit cards for payments all over the world for that account. I could transfer a larger amount of SEK to EUR once and avoid any hassle. The cheapest alternative for that I find is transferwise - does anyone have any experience with them?
Alternative: I do have a EUR account and suitable credit cards for payments all over the world for that account. I could transfer a larger amount of SEK to EUR once and avoid any hassle. The cheapest alternative for that I find is transferwise - does anyone have any experience with them?
May 17, 2016, 2:22 pm
#2
Suspended
Join Date: Jul 2014
Posts: 208
May 18, 2016, 9:04 am
#3
Original Poster
Join Date: Sep 2010
Location: Copenhagen
Programs: TK*G, Delta Gold
Posts: 384
Thanks, dehetoxic! I am having a look.
It says though: "Kontantuttag är inte räntefria. Ränta utgår enligt § 12 ovan från det att beloppet har belastat kontot." "Upp till 60 dagars räntefrihet på det du handlar (gäller ej kontantuttag)"
If I understand this correctly, using this card at ATMs means paying ~13% p.a. interest rate on the amount retrieved until it is paid back with the next bill. Right? So I guess only interesting for payments made in EUR/USD, but not for ATM use.
Any more thoughts?
It says though: "Kontantuttag är inte räntefria. Ränta utgår enligt § 12 ovan från det att beloppet har belastat kontot." "Upp till 60 dagars räntefrihet på det du handlar (gäller ej kontantuttag)"
If I understand this correctly, using this card at ATMs means paying ~13% p.a. interest rate on the amount retrieved until it is paid back with the next bill. Right? So I guess only interesting for payments made in EUR/USD, but not for ATM use.
Any more thoughts?
May 18, 2016, 1:04 pm
#4
Join Date: Apr 2010
Location: Berlin
Posts: 171
www.banknorwegian.se
no fees whatsoever...
no fees whatsoever...
May 18, 2016, 3:30 pm
#5
Join Date: Apr 2009
Location: Europe
Programs: BAEC, SAS EBS, Miles&More
Posts: 342
As the subject says, my bank accounts/savings are in SEK. I will be spending a longer period abroad and I am looking for a card to use when paying in EUR/USD, but also to withdraw money at ATMs, without larger fees for currency conversion etc.
Alternative: I do have a EUR account and suitable credit cards for payments all over the world for that account. I could transfer a larger amount of SEK to EUR once and avoid any hassle. The cheapest alternative for that I find is transferwise - does anyone have any experience with them?
Alternative: I do have a EUR account and suitable credit cards for payments all over the world for that account. I could transfer a larger amount of SEK to EUR once and avoid any hassle. The cheapest alternative for that I find is transferwise - does anyone have any experience with them?
May 19, 2016, 6:57 am
#7
FlyerTalk Evangelist
Join Date: Aug 2010
Location: CPH
Programs: UAMP S, TK M&S E (*G), Marriott LTP, IHG P, SK EBG
Posts: 11,089
I live in Sweden and facing the same challenge too.
I think the only one that does it would be COOP medmera mer. BUT this will not cover any cost that the ATM charges you, Thailand and US is famous for that - the fee in Thailand is 200THB and in the US is from $3-$7. You can get it for 1 year and cancel it (first year is free).
DKB used to refund them but from June 1 they won't be doing that anymore.
I think the only one that does it would be COOP medmera mer. BUT this will not cover any cost that the ATM charges you, Thailand and US is famous for that - the fee in Thailand is 200THB and in the US is from $3-$7. You can get it for 1 year and cancel it (first year is free).
DKB used to refund them but from June 1 they won't be doing that anymore.
May 19, 2016, 9:32 am
#8
Original Poster
Join Date: Sep 2010
Location: Copenhagen
Programs: TK*G, Delta Gold
Posts: 384
www.banknorwegian.se
no fees whatsoever...
no fees whatsoever...
May 19, 2016, 9:38 am
#9
Original Poster
Join Date: Sep 2010
Location: Copenhagen
Programs: TK*G, Delta Gold
Posts: 384
I live in Sweden and facing the same challenge too.
I think the only one that does it would be COOP medmera mer. BUT this will not cover any cost that the ATM charges you, Thailand and US is famous for that - the fee in Thailand is 200THB and in the US is from $3-$7. You can get it for 1 year and cancel it (first year is free).
DKB used to refund them but from June 1 they won't be doing that anymore.
I think the only one that does it would be COOP medmera mer. BUT this will not cover any cost that the ATM charges you, Thailand and US is famous for that - the fee in Thailand is 200THB and in the US is from $3-$7. You can get it for 1 year and cancel it (first year is free).
DKB used to refund them but from June 1 they won't be doing that anymore.
However, the cards pointed out in this thread so far have additional fees on top of that:
Coop MedMera Mer and Santander Mitt kort charge you interest rate for ATM withdrawals from the day of taking out the money until it's paid back with the next bill. The Norwegian card does not charge you interest rate, but a fixed 1.75% fee for the currency exchange. Best for ATM withdrawals is so far probably then the Forex Bankkort, 1.5% on the currency exchange.
May 19, 2016, 10:31 am
#10
FlyerTalk Evangelist
Join Date: Aug 2010
Location: CPH
Programs: UAMP S, TK M&S E (*G), Marriott LTP, IHG P, SK EBG
Posts: 11,089
You mean the fee that some ATMs charge you. There is no Swedish card that reimburses those, and as you say, the one German card that reimbursed these costs wont do so any longer. So let's assume these always have to be paid, no matter what.
However, the cards pointed out in this thread so far have additional fees on top of that:
Coop MedMera Mer and Santander Mitt kort charge you interest rate for ATM withdrawals from the day of taking out the money until it's paid back with the next bill. The Norwegian card does not charge you interest rate, but a fixed 1.75% fee for the currency exchange. Best for ATM withdrawals is so far probably then the Forex Bankkort, 1.5% on the currency exchange.
However, the cards pointed out in this thread so far have additional fees on top of that:
Coop MedMera Mer and Santander Mitt kort charge you interest rate for ATM withdrawals from the day of taking out the money until it's paid back with the next bill. The Norwegian card does not charge you interest rate, but a fixed 1.75% fee for the currency exchange. Best for ATM withdrawals is so far probably then the Forex Bankkort, 1.5% on the currency exchange.
What about this debit card from COOP?
May 19, 2016, 8:40 pm
#11
Join Date: Dec 2006
Programs: IHG Amb, MR Plat, FB Silver
Posts: 138
www.revolut.com
No fees at all – no currency exchange fee, interbank fx rates, no ATM fees (up to 650 EUR / 700 USD per month), nice app to manage your account, ability to send money instantly to your contacts.
(PM me for 5 GBP sign-up bonus code.)
No fees at all – no currency exchange fee, interbank fx rates, no ATM fees (up to 650 EUR / 700 USD per month), nice app to manage your account, ability to send money instantly to your contacts.
(PM me for 5 GBP sign-up bonus code.)