Comments on: Going overseas? The Cheapest Way to Get Cash and Make Purchases Overseas http://www.jamescox.com.au/going-overseas-the-cheapest-way-to-get-cash-and-make-purchases-overseas/ An evolving perspective on Finance, Investing, Business and the Stock Market Wed, 08 Sep 2010 00:18:45 +0000 hourly 1 http://wordpress.org/?v=Array By: Rob http://www.jamescox.com.au/going-overseas-the-cheapest-way-to-get-cash-and-make-purchases-overseas/#comment-24510 Rob Mon, 17 May 2010 15:36:23 +0000 http://www.jamescox.com.au/?p=204#comment-24510 Yes, great info for people with a real job who can pass the application! I, on the other hand, will have no way to access my money overseas without taking severe backdoor punishment from my big 4 bank. I should be able to sue GE. It's my business where I get the money from to pay them. I wouldn't mind if they just asked, "Are you a bogan?". If bogans were not given credit cards there wouldn't be a problem. Yes, great info for people with a real job who can pass the application!
I, on the other hand, will have no way to access my money overseas without taking severe backdoor punishment from my big 4 bank.
I should be able to sue GE. It’s my business where I get the money from to pay them.
I wouldn’t mind if they just asked, “Are you a bogan?”. If bogans were not given credit cards there wouldn’t be a problem.

]]> By: Lachlan http://www.jamescox.com.au/going-overseas-the-cheapest-way-to-get-cash-and-make-purchases-overseas/#comment-23058 Lachlan Wed, 07 Apr 2010 02:00:52 +0000 http://www.jamescox.com.au/?p=204#comment-23058 The GE Clear Advantage Card you mentioned is indeed prodived by Wizard. I phoned them and asked them about the currency conversion fee and it is still 100% fee free on this front. It also has no anual fee so it is a no brainer. I'm off to USA in 16 days and they say the card should be sent to me in 10 working days so finders crossed. Thanks for the info!!! The GE Clear Advantage Card you mentioned is indeed prodived by Wizard. I phoned them and asked them about the currency conversion fee and it is still 100% fee free on this front. It also has no anual fee so it is a no brainer. I’m off to USA in 16 days and they say the card should be sent to me in 10 working days so finders crossed.

Thanks for the info!!!

]]> By: Joe http://www.jamescox.com.au/going-overseas-the-cheapest-way-to-get-cash-and-make-purchases-overseas/#comment-21285 Joe Wed, 10 Feb 2010 06:40:53 +0000 http://www.jamescox.com.au/?p=204#comment-21285 Hi James, I hadn't heard of the GE card idea until now, and it seems pretty good but there is only one reason that I won't use this, and it is because I am planning to travel next year but I want todays exchange rate locked in as I believe that the dollar won't be this high for many years to come. Yes, possibly a gamble but one I am pretty confident on, so the GE card idea won't work for me as it will use the exchange rate on the day of purchase. Hi James,

I hadn’t heard of the GE card idea until now, and it seems pretty good but there is only one reason that I won’t use this, and it is because I am planning to travel next year but I want todays exchange rate locked in as I believe that the dollar won’t be this high for many years to come. Yes, possibly a gamble but one I am pretty confident on, so the GE card idea won’t work for me as it will use the exchange rate on the day of purchase.

]]> By: I love cycling jersey http://www.jamescox.com.au/going-overseas-the-cheapest-way-to-get-cash-and-make-purchases-overseas/#comment-18824 I love cycling jersey Sun, 29 Nov 2009 11:52:48 +0000 http://www.jamescox.com.au/?p=204#comment-18824 Just wondering whether the GE Clear Advantage Card you mentioned is prodived by Wizard? I found their website but there isn't any detail regarding oversea transaction fees. http://www.wizardclearadvantage.com.au/charges.html Just wondering whether the GE Clear Advantage Card you mentioned is prodived by Wizard?
I found their website but there isn’t any detail regarding oversea transaction fees. http://www.wizardclearadvantage.com.au/charges.html

]]> By: Mark http://www.jamescox.com.au/going-overseas-the-cheapest-way-to-get-cash-and-make-purchases-overseas/#comment-17391 Mark Tue, 27 Oct 2009 05:36:55 +0000 http://www.jamescox.com.au/?p=204#comment-17391 This is the best bit of info. I spent so much time trying to assess the fees associated with accessing money when I went to Europe 01/09 but ended up paying hundreds in fees after being misled by "the bank" into using a credit card. This is the best bit of info.
I spent so much time trying to assess the fees associated with accessing money when I went to Europe 01/09 but ended up paying hundreds in fees after being misled by “the bank” into using a credit card.

]]> By: Jason http://www.jamescox.com.au/going-overseas-the-cheapest-way-to-get-cash-and-make-purchases-overseas/#comment-17008 Jason Sun, 18 Oct 2009 08:24:42 +0000 http://www.jamescox.com.au/?p=204#comment-17008 A good read. I recently went overseas and checked out my options. My old virgin credit initially did not charge the conversion fee (but that they are history...now NAB owned). I personally went for Travelex (I wish i knew of GE then). Bought an AUD card as I went to Israel & Asia. They tried to convince me that I should purchase a USD card so that I could convert my money twice !! I also contacted ANZ (my bank) to compare their travel card (bigger rip-off !). Both refused to provide me details of the spread on FX rates when converting. I had to go with the lesser of two evils. I tried to convince my father that he should do the same. He couldn't understand the logic so ended up wasting at least $500AUD on charges on his AMEX card. People have just accepted that they are throwing away "their" money for no reason. I am in accounting & finance, perhaps I just think differently...? Jason A good read. I recently went overseas and checked out my options. My old virgin credit initially did not charge the conversion fee (but that they are history…now NAB owned).

I personally went for Travelex (I wish i knew of GE then). Bought an AUD card as I went to Israel & Asia. They tried to convince me that I should purchase a USD card so that I could convert my money twice !! I also contacted ANZ (my bank) to compare their travel card (bigger rip-off !). Both refused to provide me details of the spread on FX rates when converting. I had to go with the lesser of two evils.

I tried to convince my father that he should do the same. He couldn’t understand the logic so ended up wasting at least $500AUD on charges on his AMEX card.

People have just accepted that they are throwing away “their” money for no reason.
I am in accounting & finance, perhaps I just think differently…?

Jason

]]> By: The benefits of an economic recession and how to prepare for one | James Cox finance blog http://www.jamescox.com.au/going-overseas-the-cheapest-way-to-get-cash-and-make-purchases-overseas/#comment-12794 The benefits of an economic recession and how to prepare for one | James Cox finance blog Thu, 30 Jul 2009 22:31:40 +0000 http://www.jamescox.com.au/?p=204#comment-12794 [...] read Tom Spencer’s blog on measuring the strength’s of the economy. Click here for the cheapest way to withdraw cash overseas if you are an Australian. Related Posts:Stock market beginners - What moves the stock market and [...] [...] read Tom Spencer’s blog on measuring the strength’s of the economy. Click here for the cheapest way to withdraw cash overseas if you are an Australian. Related Posts:Stock market beginners – What moves the stock market and [...]

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