Clarity Credit Card
- Thread starter robj20
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Caporegime
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Direct purchases (make sure it's denominated in € / local currency), unless you pay the cash off immediately as they start charging interest on cash withdrawals instantly I seem to remember?
I use mine for both when abroad.
Small tip, if you put your credit card in credit by transferring money onto it. You will avoid interest on cash withdrawals at some ATMs. Its against their T&C's apparently but Ive been doing it for years and never been pulled up on it.
Small tip, if you put your credit card in credit by transferring money onto it. You will avoid interest on cash withdrawals at some ATMs. Its against their T&C's apparently but Ive been doing it for years and never been pulled up on it.
Hmm not sure it's worth it.
I usually take cash and change it over there, the difference using the card even with some interest will still be cheaper.
Still nervous about trusting the card abroad. Don't know why though. So used to taking GBP.
Caporegime
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That will almost certainly be more expensive due to the rate you get on Halifax Clarity currency translations.
Right now MasterCard is
100TRY = £14.20
The best exchange here is
100TRY = £14.76
So ever there should be somewhere in between I would think.
Associate
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The rate isn't too bad for cash withdrawals as it's the MasterCard rate. I loaded a card up and used it travelling a few years ago for purchases and cash withdrawals with no issues. As long as you aren't taking out £20 10 times a day the overall charges were pennies in the grand scheme of things. I moved roughly £5000 through the account in a month and the additional cost was offset by the ease of using a MasterCard.
Saying that, I now use a Monzo card for money and small purchases and the Clarity for larger ones or dodgier places where I want a bit of fraud protection.
Saying that, I now use a Monzo card for money and small purchases and the Clarity for larger ones or dodgier places where I want a bit of fraud protection.
Usage would probably be drawing the max cash out each time. Plus using it for purchases where possible like on the hotel and larger bars/shops.
Is the limit daily the same so equivalent to £500 I think it is. So you could draw approx 3,500 TRY out.
Man of Honour
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Even if you pay the balance in full each month? Interesting. Just got one of these myself. Mainly for direct purchases.
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I misread the title as "Charity Credit Card" . . . I wonder if that was not entirely unintentional on the part of The Halifax?
Cash withdrawals start attracting interest immediately, card payments have an interest free period until the statement date or whatever it is.
Associate
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I can't say for certain as I didn't draw over £300 a time. From memory the clarity card doesn't even charge a withdrawal fee on purchases and cash. It was the ATMs that were stinging me. I know overall the clarity was very competitive Vs other cards because of the 0% transaction charge .
When I lived abroad but was still getting paid in GBP I exclusively used a Clarity, it was fantastic..basically interbank rate, no fees as long as you transferred cash to it straight away if you made a cash withdrawal, but generally 98% of transactions are by card these days anyway.
So best as far as possible to use for purchases and use cash withdrawals secondary, and then pay it off each night if possible.
Guessing it pays the higher withdrawals off first not in date/time order.
Associate
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It's also worth keeping in mind if you load a credit card up with cash and purchases, and take a few months to pay it off, the company will pay off the purchase balance first, leaving the cash debt to accrue more interest charges.
Man of Honour
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Good to know, thanks.
Max ATM cash withdrawal every day? That's a lot kd drugs to be purchasing!
Bring worried about using a card but happy to carry large wads of cash seems illogical. Especially considering a credit card is prortected and also with contactless you don't even need to type in a pin.
Bring worried about using a card but happy to carry large wads of cash seems illogical. Especially considering a credit card is prortected and also with contactless you don't even need to type in a pin.
Not true, repayments go towards the highest interest rates first.
Doesn't seem so.
"We use your payments to pay off balances charged at the highest interest rate first and so on down to balances with the lowest interest rates. This means the more expensive balances are always paid off first."
Soldato
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I use it for everything in local currency and pay it off as soon as I get back.