A new credit card from Halifax could help holidaymakers save money while they are on their travels.

The firm’s Clarity card will not charge a foreign exchange fee on any transaction or a cash withdrawal fee when used abroad, meaning savings for anyone leaving British shores.

Other benefits of the card include no balance transfer fee and no annual fee, while a rate of 12.9 per cent APR applies to all transactions including purchases, balance transfers and cash withdrawals.

Mark Powys of Halifax Credit Cards said: “Our research shows that three quarters of holidaymakers would be more likely to use a credit card abroad if they knew they wouldn’t incur any fees.

“The Halifax Clarity card is the best value option for customers planning their holiday budget, and with no cash fees and a single low rate however you use the card it’s a winner at home too.”

Another way in which holidaymakers can save money is to use prepaid cards, which not only provide an alternative to travellers’ cheques, but can also help to cut costs on budget airline flights .

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