I'm in the process of cutting my losses again - I do this once in a while and with surprising results at times. One I've just come across is the credit card exchange rate and hidden costs, quite big ones. Many will know about this and many won't. It's an issue for me as I earn money in the UK and often spend it overseas as I live in the euro-zone. I always thought that the VISA exchange rate is good and that a credit card was a good way to spend money overseas. Half right, half wrong. The VISA exchange rate is good, but your credit card company are PROBABLY / POSSIBLY hiding an additional % charge in that which does not appear on your statement billed separately. This can be 3% - Â£30 more on your Â£1000 holiday is not insignificant in my view. Some cards do not charge anything. I always thought my Egg card was cheap - I pay an extra 2.65% on every purchase I make on it. Ba5stards. I will be applying for a new card today. For more info, see here: http://www.moneysupermarket.com/cards/cardsresults.asp?cardtype=CreditCard&Adverse=No&feature=usingabroad This site is actually worth a look for any credit card related stuff as it has a series of tables for which card is best for different types of card use, who has offers, who charges for balance transfers etc.