Save money on your travels by paying up front

There are lots of ways that you can save money when travelling - in this post we’ll look at the advantage of paying in advance. When we go on holiday we always choose to book directly rather than through a travel agent (I’ll discuss the reasons for this in a future post) Many hotels and dive resorts allow you to guarantee the booking with your credit card and then pay at the end of your stay.   For years I have just paid with my credit or debit card not giving too much thought to the cost of the transaction and in particular the exchange rate. I decided to look into this when I was asked to send a deposit for one resort and realised that we could save a lot of money.     So you ask what’s the problem with paying with your credit or debit card?  The credit card companies & banks will generally give you much lower rate that the published rate  - they have to make their money some how right.  They will also charge you a non-sterling transaction fee which is usually about 2.75 - 3 % of the total transaction.  Some banks will also charge an additional fee of £1 – £1.50 per transaction.  If you pay by card for numerous transactions on holiday…

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