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Holiday spending Money

Holiday spending Money

Old Jul 8th 2009, 1:10 pm
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Default Holiday spending Money

Hi All,

I just have a quick question regarding holiday spending money!

I'm going to Abu Dhabi for 2 weeks, and don't really want to be carrying around hundreds of pounds worth of money, or leaving it hidden in my suitcase in my room!

So, would you recomend taking a £150-£200 quid for food spending money (i.e: eating in), and then all purchases for clothing/perfumes/electronics etc on the Credit Card? The reason I ask, is because my bank will be charging me 3% on all purcahses, that's only £3 for every £100 spent, but even still... it could soon add up!

I can't think of any other way of doing it either...

Cheers,
Amnesia
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Old Jul 8th 2009, 1:14 pm
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Default Re: Holiday spending Money

Originally Posted by Amnesia180 View Post
my bank will be charging me 3% on all purcahses, that's only £3 for every £100 spent, but even still... it could soon add up!
Hi Amnesia

Not sure what you man about the bank is this a credit card charge?
Why not just take some out of the ATM when you need it or is this the charge you are taling about?
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Old Jul 8th 2009, 1:14 pm
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Default Re: Holiday spending Money

Most expats living in Dubai go to the UK to buy their clothes

No idea how it works, but even if you take money out of an ATM they will charge you that 3%?
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Old Jul 8th 2009, 1:16 pm
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Default Re: Holiday spending Money

Originally Posted by 954RR View Post
Hi Amnesia

Not sure what you man about the bank is this a credit card charge?
Why not just take some out of the ATM when you need it or is this the charge you are taling about?
Hi there,

The 3% is for using my credit card or debit card over the counter.
I'm unsure about being charged for using an ATM, but I've been told by my bank that using my credit card in an ATM goes against my credit rating, as it's classed as a "cash advance".
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Old Jul 8th 2009, 1:17 pm
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Default Re: Holiday spending Money

Originally Posted by Amnesia180 View Post
Hi there,

The 3% is for using my credit card or debit card over the counter.
I'm unsure about being charged for using an ATM, but I've been told by my bank that using my credit card in an ATM goes against my credit rating, as it's classed as a "cash advance".
just use your credit card to buy stuff, or use your debit card to withdraw cash via an ATM over here.
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Old Jul 8th 2009, 1:20 pm
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Default Re: Holiday spending Money

Originally Posted by Amnesia180 View Post
Hi there,

The 3% is for using my credit card or debit card over the counter.
I'm unsure about being charged for using an ATM, but I've been told by my bank that using my credit card in an ATM goes against my credit rating, as it's classed as a "cash advance".
So use your debit card

Never ever use your credit card for cash withdrawal, it's waaaaay to expensive.
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Old Jul 8th 2009, 1:20 pm
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Default Re: Holiday spending Money

Originally Posted by Euc- View Post
Most expats living in Dubai go to the UK to buy their clothes

No idea how it works, but even if you take money out of an ATM they will charge you that 3%?
Haha, well last time I went to Abu Dhabi there were a few guys at the Hamdam (sp?) Centre selling knock off jeans... and I remember getting about 4 pairs for just under £30... bargain! (and they were adjusted to fit too!)

Yes, I've just checked with my bank - they'll charge 3% whether its using an ATM or over the counter.
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Old Jul 8th 2009, 1:20 pm
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Default Re: Holiday spending Money

Originally Posted by Amnesia180 View Post
Hi there,

The 3% is for using my credit card or debit card over the counter.
I'm unsure about being charged for using an ATM, but I've been told by my bank that using my credit card in an ATM goes against my credit rating, as it's classed as a "cash advance".
Do not take money out with your credit card as you will be charged interest on it from the moment you get the money. Better to use you bank card.


Euc - Is right clothes are cheaper in the UK. Tax Free! I think not
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Old Jul 8th 2009, 1:21 pm
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Default Re: Holiday spending Money

Originally Posted by Euc- View Post
So use your debit card

Never ever use your credit card for cash withdrawal, it's waaaaay to expensive.
Originally Posted by Spugsy View Post
just use your credit card to buy stuff, or use your debit card to withdraw cash via an ATM over here.
That sounds like the best idea, cheers!
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Old Jul 8th 2009, 2:35 pm
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Default Re: Holiday spending Money

200 quid won't go far, bring 400
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Old Jul 10th 2009, 5:34 am
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Default Re: Holiday spending Money

Take out a credit card which doesnt charge extra for overseas transactions, and load it with cash before you come out - you will be able to find information in this holiday money guide.

http://travelmoney.moneysavingexpert.com/
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Old Jul 10th 2009, 8:25 am
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Default Re: Holiday spending Money

[QUOTE=Euc-;7734221]Most expats living in Dubai go to the UK to buy their clothes


To be honest I think you might be right. Dubai (even with all the Malls) cannot emulate Bond Street or Regent Street.

I've checked out both Thomas Pink in Harvey Nichols and Dubai Mall, extremely poor selections and non of the new stuff you see online. Same goes for Timberland, compare MoE to online, in fact the MoE Timberland store is a joke!
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Old Nov 22nd 2009, 7:13 pm
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Default Re: Holiday spending Money

[QUOTE=Timmy Molloy - London Boy;7739616]
Originally Posted by Euc- View Post
Most expats living in Dubai go to the UK to buy their clothes


To be honest I think you might be right. Dubai (even with all the Malls) cannot emulate Bond Street or Regent Street.

I've checked out both Thomas Pink in Harvey Nichols and Dubai Mall, extremely poor selections and non of the new stuff you see online. Same goes for Timberland, compare MoE to online, in fact the MoE Timberland store is a joke!

Actually changed my mind about this post - true about Pink, but other than that, Dubai Mall has it all
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Old Nov 22nd 2009, 7:29 pm
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Default Re: Holiday spending Money

[QUOTE=Timmy Molloy - London Boy;8117141]
Originally Posted by Timmy Molloy - London Boy View Post


Actually changed my mind about this post - true about Pink, but other than that, Dubai Mall has it all
yeah although the place is still half empty
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Old Nov 23rd 2009, 3:11 am
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Default Re: Holiday spending Money

Originally Posted by Bluelionesse View Post
Take out a credit card which doesnt charge extra for overseas transactions, and load it with cash before you come out - you will be able to find information in this holiday money guide.

http://travelmoney.moneysavingexpert.com/
I think that this is not a good idea. In the UK you have consumer protection (by law) when you do a credit card transaction. This means that if the goods are faulty or the service not supplied and the vendor does not refund you then you can claim from the credit card company because they are jointly and severally liable. If there is fraud - you don't pay.

This also works abroad - I dont know if it is a legal requirement or a voluntary arrangement - but it does work - I was ripped off by a hotel in Sharjah and managed to claim back via my bank.

BUT - if you load your credit card with cash then you change your credit limit. Any protection you have for faulty goods or fraud will be to the credit limit but NOT any cash that you put in.

If the situation does arise then the credit company will not pay up by saying that the transaction was from the cash element of the enhanced available funds rather than the credit they have availed you. In other words they'll tell you to F, off!

Last edited by Bijilo123; Nov 23rd 2009 at 3:12 am. Reason: did not read right
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