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Originally Posted by Graham
I'd just remind people that your credit card company will most likely charge you a fee for a foreign currencty conversion, so you'll end up paying a percent or three more than you bargained for...
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It's a conundrum though, as they shift so much money, they get great FX rates, so the extra cost of paying by credit card is often outweighed by the saving on the FX conversion.
Mrs H's business imports all her product range, we settle all our suppliers by credit card as it is the easiest way for transactions of under $1000 (and realistically $5000). The Nationwide card is apparantly the best for all this (mental not to look into that).
Using a CC is certainly cheaper than getting cash at the airport / bank / travel agent. When I travel to any well developed nation now I get cash from an ATM/Cashpoint on arrival and use Credit Cards where I can, this seems to be the most effective way of paying for a trip.