New research has revealed that Brits collectively poured away £650million on foreign currency usage fees last year. Prepaid cards are often cheaper than traveller’s cheques – so could they be the new plastic power as we plan our holidays abroad? Steve Willey, Head of Cards and Prepaid Cards takes a look...

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I see no point in a pre-paid card unless you want to lock in to an exchange rate before travel.

Use a nationaide or post office credit card to pay for spending abroad. On a credit card you get the wholesale exchange rate which is usually more favourable than you would get on the pre-paid card.

You can also use a nationwide debit card to withdraw money form an ATM abroad without charges.

Smala01