Cost of travel money cut for Post Office credit card holders

The Post Office have announced that anybody using the Post Office credit card to purchase foreign currency from the Post Office (either online or in branch) will now not be charged the standard 2.5% cash advance fee. This means that, for example, consumers could save over £5 on every 250 Euros they wish to purchase.

This new benefit joins a range of advantages already on offer to Post Office credit card customers. In addition to 0% on balance transfers for the first 12 months and 0% on new purchases for the first three months, the Post Office is one of the few providers not to add commission onto any overseas purchases.

A further plus for those taking up the offer is that not only will they pay 0% on their currency by choosing the Post Office, but they will also find 29 best selling currencies available on demand at 1,600 larger Post Office branches. 2,600 additional branches offer US dollars on demand, while a total of over 8,500 branches stock euros. Alternatively over 70 currencies can be pre-ordered at 11,500 Post Office branches or online at postoffice.co.uk for next day branch or home delivery.

Az Alibhai, Head of Cards, Post Office said:

“With many people still feeling the pinch this will give them a bit of extra cash in their pockets to enjoy on holiday. We are dedicated to providing customers with flexibility and value when it comes to managing their money.”