Best Cards to Withdraw Cash Overseas / Make Foreign Transactions

Pbm33 on 25/04/2024 - 13:29

Hi guys, I haven't looked into this in years given lack of international travel in recent past, but would like to know what the best cards are these days for:
1) withdrawing foreign currency cash at overseas ATMs (using Australian debit card)
2) making international card transactions i.e. making online purchases in non-AUD currencies, and/or using card to making payments overseas when travelling

Thanks!

Financial Credit Card Debit Card

Comments

  • impoze on 25/04/2024 - 13:39

    All your questions are answered here - https://www.ozbargain.com.au/wiki/cards_with_no_overseas_tra…

    I recently opened Bankwest debit after Citibank debit product got closed with the buy out from NAB

    • Pbm33 on 25/04/2024 - 13:53

      What about the exchange rates?

      • boomramada on 25/04/2024 - 14:20

        Usually whatever exchange rate at the day.

        • Pbm33 on 25/04/2024 - 14:22
          -1

          I mean who would offer the best exchange rates, is it bank determined or mastercard/visa rates?

  • Ryk on 25/04/2024 - 15:56
    +1

    bankwest, Macquarie, Ubank, Up are all good. exchange rate from catd scheme (visa/mastercard). no additional transaction fees.
    take at least two, minimum.
    Stay away from "travel money" cards, and 91.6666% of big bank products.

    • Pbm33 on 25/04/2024 - 16:13

      How about for credit card / online payments?

      • Ryk on 25/04/2024 - 16:33
        +1

        debit cards can do online.
        yes, credit cards are good for bonds/deposits at hotels and rental cars, etc. Bendigo Bank https://www.ozbargain.com.au/node/818657

        • askbargain on 25/04/2024 - 20:44

          amex is good for this since foreign pending transactions don't show up

    • vroma on 11/05/2024 - 13:05

      I always used Citibank in Europe. Last year I opened a Bankwest card and used it in Portugal, Spain and Greece. In both Spain and Portugal you can make free withdrawals, but you must be careful which bank ATM you use. While the rate offered is very good, not as good as Citibank was. This year I’m keen to try the replacement NAB card.
      I hear now that Suncorp is offering a similar card. Has anyone tried it?

  • bigand101 on 25/04/2024 - 19:30

    I have found Wise.com excellent. Innovative product, ability to receive funds from multiple currencies as well as physical and digital visa debit cards for fee free spending oversees.

    • askbargain on 25/04/2024 - 20:45

      $10 for a card and withdrawal limits

  • neo on 30/04/2024 - 20:58

    Has anyone had actual first-hand use of the Macquarie debit card overseas (particularly Europe like Greece/Italy/Croatia)?

    I'm keen to know if you got stung with any fees from the actual ATM's themselves (or is that going to happen regardless of the card?).

    I previously used Citibank and although sometimes the ATM would say there would be a fee, there never was.

    • rickb on 30/04/2024 - 22:14

      I used Macquarie throughout Europe but only once or twice for ATM withdrawals.

      In Portugal there were two ATM networks. One charged a fee, the other did not.

      • neo on 30/04/2024 - 22:17

        Did you get charged antything in Europe?

        How much was the fee?

        • rickb on 30/04/2024 - 22:28
          +1

          99% of the time I tapped to pay for things. Never charged a fee for those transactions. ATM withdrawal fee would depend on country and ATM network I would imagine.

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