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It applies MasterCard's exchange rate at the time you make the transaction, and doesn't add any "loading", fees or charges.
American and European importers, not Chinese exporters here in the delta, typically pay all freight charges except for initial loading fees.
The Clarity card applies MasterCard's exchange rate at the time you make the transaction and doesn't add any "loading", fees or charges.
The market-leading deals – such as the Halifax Clarity credit card and Norwich & Peterborough debit card - have no hidden currency loading fees or transaction fees".
Like debit cards, most credit cards come with foreign loading fees which can bump up the cost of using them abroad.
However, there are cards out there that won't charge a penny in loading fees or other bank charges when you use them overseas in shops, hotels and restaurants, or to withdraw money from cash machines.
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This means you could pay the 3% credit card loading fee on just the first £100, and pay the rest later by debit card, which is cheaper.
Like many of its precursor banks, Boom seems to have a number of hidden fees (scroll down), including a $25 annual card fee, a $2 money loading fee and a $1 fee to check your balance.
For example, Lloyds and TSB customers pay a 2.99 per cent loading fee, a 2 per cent cash withdrawal fee and a £1 purchase fee, while Santander debit cardholders pay 2.75 per cent, 1.5 per cent (at least £1.99) and £1.25 respectively.
The Nationwide Classic card, for example, has a cash withdrawal fee of 1.5% (a minimum of £1.50), which is at the lower end of the scale, and no foreign currency loading fee.
It charges no loading fee and can be topped up in euros, US dollars or sterling by debit card or bank transfer, online or by phone, and other people (eg, your parents) can top it up for you.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com