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Finances / Finanzen » uk.finance » Credit Card paying for holiday direct with US firm in dollars
Credit Card paying for holiday direct with US firm in dollars [message #390685] Mo, 29 Mai 2006 12:42
The Shadow  
Morning

I wonder if I may pick the brains of my learned friends lurking on this
group :-)

I currently have a Barclaycard Platinium the balance of which is paid
off in full each month. I also (for my sins bank with Barclays).

I am looking to book over the Internet a holiday with a firm based in
Jackson Wyoming USA (Trekking holiday approximately $1600) and also buy
a flight ticket on line from Continental Airways (US based
carrier)approximately £670 sterling.

The Trekking trip will be paid for in US dollars. As I have a UK address
Continental will charge me in £ sterling (no dollar prices quoted).

I have two concerns.

One

I will be paying in advance. Normally if booked with a UK supply the
travel agent will be bonded (ATOL, ABTA etc)

Barclaycard tell me I will be covered if the firms become insolvent and
even advised they would liaise with the appropriate body. I am
suspicious as this would involve them becoming involved in a foreign
jurisdiction.

Two

The fees charged by the banks on foreign currency transactions - 2.75%
has been mentioned. Are there any ways to mitigate or avoid this charge?
I always thought that the firms made their money by offering a lousy
exchange rate loaded in their favour. Presumably they do both now!

Many thanks in anticipation.

Cheers

Alan
Vorheriges Thema:UK Tax Group
Nächstes Thema:Free Global Investign Commentaries at ElliotReseaarch.com
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