Calculating exchange rate for using card abroad

umop-apisdn

Hi,

I’m looking to buy a car in UK for £17k and trying to figure out cheapest way to pay.

I have a transferwise Account, which tells me exactly how much it will cost to transfer euros into sterling.
I am also considering use by my BOI visa debit, so have checked Visa Europe, and entered the exchange fee as 2% which is the cross-border handling fee that BOI charge. However, I don’t think this is right, as BOI charge max fee of €11.43. Should I put the exchange fee as 0% and then just add the €11.43 on to the figure that visa gives?

Thanks

The Ayatolla

Have you looked into Revolut?

https://www.revolut.com/ie/help#are-there-limits-to-my-revolut-account

umop-apisdn

The Ayatolla wrote: »

Have you looked into Revolut?

https://www.revolut.com/ie/help#are-there-limits-to-my-revolut-account

There is only a Euro in the difference between using Revolution and Transferwise, so doesn’t seem to be any advantage using that over Transferwise.

I’m more interested in how to calculate cost of using the BOI debit card, so I can make an accurate comparison.

Yggr of Asgard

Use 0% in the visa calculator and then add 11.43€.

But note these are only indicative as it will depend on when your transaction settles.

But as Visa uses a rate fixed on a certain point (i.e. it does not change during the day) you usually are better off with providers who give you the (near) market rate like transferwise.

umop-apisdn

Yggr of Asgard wrote: »

Use 0% in the visa calculator and then add 11.43€.

Thanks Yggr of Asgard