Canadian credit card for travel in Germany

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Canadian credit card for travel in Germany

Postby tostaky » Mon May 23, 2016 8:36 am

Hi !

We will be in Germany for one month this summer. We've read that that it's still massively a ''cash only'' country. In the pass we've travel in Europe and does that trick : We make a deposit or an amount (3000 or 4000$) on our credit card. That way we would have a negative amount of 3000 or 4000 on our credit card.

We've done that at that time because we've heard that exchange rate was better with Visa that with our bank. The bank charge 2.5% for international exchange rate + 5$ sor using ATM + 4-5$ for the local ATM' in Europe.

What would be the best to avoid large fee with each withdraw ?

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Re: Canadian credit card for travel in Germany

Postby TXviking » Mon May 23, 2016 6:15 pm

Can't speak for Canada, but it tends to be similar to the US, except with fewer players. My general strategy is to use my debit card (not my credit card) to withdraw enough cash to survive those "we don't take cards" places. However, if your credit card is a no-FTF card, AND if that still applies to cash advances (big IF -- CC issuers will code the transaction as a cash advance even if you have a credit balance), your method might work.

Have you talked to your bank about what fees they charge for ATM withdrawals abroad from your debit card?

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Re: Canadian credit card for travel in Germany

Postby Elijahmex » Tue May 24, 2016 8:46 am

Where In Deutschland? I lived there for a couple of months and paid everything with a French Visa. It's true that if you go to a small fast food joint like Kebab they will only take cash otherwise you should be good!

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