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

    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

  • 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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