Exactly my view.
Clarity only gets used for purchases, in the rare occasion I need cash I use my Starling account. Why pay even 5p when you don't need to.
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Clarity only gets used for purchases, in the rare occasion I need cash I use my Starling account. Why pay even 5p when you don't need to.
Thanks for the replies, some food for thought, and some good info.
I've just asked Barclays to swap my current Cashback Card for the newer Reward Card, and I've opened a Startling account too, so alongside my Barclays Travel Wallet and the Mrs Chase card, we should be good to go.
I've just asked Barclays to swap my current Cashback Card for the newer Reward Card, and I've opened a Startling account too, so alongside my Barclays Travel Wallet and the Mrs Chase card, we should be good to go.
I might do the same RE: Barclays. The points are pretty pathetic anyway!
I never use my credit card at all, I should probably use it more for the extra protection it offers, so this holiday might be a good start for that
Where does the Clarity card 5p figure come from? Nothing mentioning it here - https://www.halifax.co.uk/creditcards/travel.html
Mastercard exchange rate on the day for purchases and cash withdrawals. The same as Chase are offering.
Mastercard exchange rate on the day for purchases and cash withdrawals. The same as Chase are offering.
If you withdraw money the interest applies immediately and is applied daily (off the top of my head). If you repay immediately, you shouldn't be charged any interest or perhaps a day's worth (again, I don't believe I have been charged anything in the past, unless I wasn't able to transfer the money immediately). The 5p is probably interest per day per a standard sum, based on the advertised Apr of 19.9%.
You get charged for cash withdrawals. 5p was the charge per day for £100.
Soldato
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Barclays travel Wallet here
Everything I have seen on their website states they don't charge for cash withdrawals. There's no mention that I can see about this 5p charge.
I have no first hand experience as I don't think I've withdrawn cash on the Clarity card so I have not come across this, my current account tends to offer free cash withdrawals. I've only used it for spending and settled straight away. It works perfectly.
Current account wouldn't have charges for withdrawing cash but credit cards typically always do. You won't see 5p mentioned as it's an indicative example for 100 quid.
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It’s just a bad habit, in case you forget or can’t get online or the app goes down etc. yes I know the interest would be minimal even if you wait until you get back but it’s just not a habit I would personally start doing or recommend doing.
It isn't a big deal but there are better alternatives. If you paying immediately then why pay any fee at all.
The rate on the Clarity isn't as good as the challenger banks either, e.g. Revolut, Curve, Monzo.
Are revolut, monzo etc using better rates than mastercard??
Well, that's basically impossible there are always fees whether explicit or hidden; there's the spread for example. The Clarity card doesn't charge you a fee for cash withdrawals, it does charge daily interest though. So the question is really more how to minimise fees, does only paying the spread from one card work out cheaper than the spread from master card + one day of interest?
Quite possibly, though maybe not so much on the weekend.
Clarity is the best option. Had mine a few years and always use it abroad for purchases and all of my cash withdrawals. What's the point faffing around transferring funds to my Sterling just to use that, when I can transfer whatever I take out of the ATM straight to the Clarity and pay no fees anyway.