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Cash/ATM quesiton while in Spain

We're going to Spain in April & we bank with BOA which has a million fee's for foreign transactions.  :P
Our Capital One Venture card has been our best bet for exchange rates & no fee's while pre-booking stuff.  
When you travel overseas do you usually use your bank/debit card to get cash or do you get a pin for your CC & get cash that way?

TIA

 

Re: Cash/ATM quesiton while in Spain

  • I always use my Cap One credit card when/where I can, and then use my debit card to get cash out if needed.  I don't want to start paying interest immediately on any cash advance I take on a credit card.

  • I was thinking the CC co starts charging you right away for cash (but hadn't looked into the details yet on our card)
    Do you bank with anyone you'd recommend?  We're willing to open a new checking just to not give BOA even more of our money ;)
  • imagerori11:

    I always use my Cap One credit card when/where I can, and then use my debit card to get cash out if needed.  I don't want to start paying interest immediately on any cash advance I take on a credit card.

    DH and I do this. We use his credit card for purchases and then our debit card for ATM withdrawals only. At a rate of 25% for a cash advance on a credit card, we're better off paying the fee for a regular ATM withdrawal with our debit card (which is $5 or 3%, whichever is greater, and we bank with Chase).  

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  • imagerori11:

      I don't want to start paying interest immediately on any cash advance I take on a credit card.

     

    I've never had a cash advance so please enlighten me because I was thinking of using a card for cash (one with no foreign trx fee), too.   So, do you mean that you get a fee even if you pay in full when he bill arrives?

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  • imagerori11:

    I always use my Cap One credit card when/where I can, and then use my debit card to get cash out if needed.  I don't want to start paying interest immediately on any cash advance I take on a credit card.

    This for us, too.  We used our TD Bank card the last time we were in Europe and I don't remember any foreign transaction fees for ATM withdrawals.  They gave us a pretty decent exchange rate, too.

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  • imageMommaK.not:
    imagerori11:

      I don't want to start paying interest immediately on any cash advance I take on a credit card.

     

    I've never had a cash advance so please enlighten me because I was thinking of using a card for cash (one with no foreign trx fee), too.   So, do you mean that you get a fee even if you pay in full when he bill arrives?

    Yes, you will. Interest starts accruing immediately on cash advances. There is no grace period at all.  

  • Agreed with pp's.  For our trip; we've estimated that it's cheaper to take out cash with our debit card and incur foreign transactions fees than it would be to have a $0 fee credit card and get a cash advance.
  • ATM. i have TD bank which charges no intl fees except any fees added bythe ATM i use.
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  • In Germany Deutsche Bank and BOA have an agreement. Basically I can use my BOA card at any DB atm and my DB card at any BOA atm when I'm in the states and I get no transaction fees. You can always check if BOA has an agreement with a bank in Spain.
  • Ditto pretty much everyone else. When we were in Spain last spring, we used my Cap One credit card for pretty much everything except for withdrawing money. When we wanted cash, we went to an ATM and used our debit card. We would withdraw a significant amount to make the fees worth it.
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