ASK AN EXPERT: Money savvy in Europe

Q AI’m travelling through Europe and the United Kingdom next year and would like to use a travel credit card instead of cash. What are the best options for use in store and for withdrawing local currency, while avoiding big surcharge fees?

The ideal choice for travellers is a travel money card with low or no foreign exchange fees, competitive rates and minimal ATM withdrawal charges. The MoneyHub guide to Travel Money Cards (moneyhub.co.nz) offers a comprehensive comparison. Beware of European ATMs, like those on Euronet’s network, that charge extra fees for ‘convenience’ – they are annoying and a waste of money. With the widespread use of cards, carrying more than 200 euros or pounds in cash may no longer be necessary. Christopher Walsh is the founder of consumer finance website MoneyHub.