Buying USD

Author
Discussion

JABB

Original Poster:

3,589 posts

242 months

Monday 26th December 2022
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Guys.
I'm heading out on a trip to the US in Feb and want to buy some USD.
When will be the best time to buy? Is it historically better to buy over Christmas or wait until the end of Jan say?
I know it will be minimal difference but every little helps!

fat80b

2,433 posts

227 months

Monday 26th December 2022
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I’ve pretty much stopped using cash in the US.

I went in august and November and have the same $100 in my wallet that I’ve carried for the last 4 years or so.

I’d just get a few dollars wherever is convenient and use a credit card to buy everything at an ok rate while you are there.

barryrs

4,484 posts

229 months

Monday 26th December 2022
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As above, there are a few zero transaction fees cards available such as the Halifax Clarity.

Alorotom

12,101 posts

193 months

Monday 26th December 2022
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9 US trips in the last 12mths and heading out again tomorrow for a couple of weeks.

Ive had zero real $ at all (well there is a $1 bill I've had in my wallet for many many years now but its defaced and un-spendable) for any of the trips, totally unnecessary if you have a Monzo / Revolution / Starling / Clarity etc....

craigjm

18,376 posts

206 months

Monday 26th December 2022
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Yeah as above don’t bother with cash

JABB

Original Poster:

3,589 posts

242 months

Monday 26th December 2022
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Thanks guys. Good to know. I'll take a look at the above mentioned accounts / cards

Alexandra

389 posts

198 months

Monday 26th December 2022
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New Yorker here. We carry cash but only use it for tips.

Greendubber

13,684 posts

209 months

Tuesday 27th December 2022
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Bit long back from NY and came back with most of the cash we took, won't bother next time and I'll just slap it on a card.

Hedgeman

675 posts

237 months

Tuesday 27th December 2022
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I travel in the US quite frequently and would always suggest having some paper dollars on you - I always carry a couple of hundred. Yes, credit cards are almost ubiquitous but you will come across the odd place with a minimum $20 CC spend when you just want a quick drink, and you don't want to find yourself out on the road trying to pay at the only gas station for 50 miles and have your card declined. But in most places CC rule, and I use MBNA Horizons (or Revolut if I've built up a $ balance).

captain_cynic

13,044 posts

101 months

Wednesday 28th December 2022
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Who still "buys" foreign currency?

There are a load of cards out ther with no foriegn transaction fees. Credit cards for purchases and debit cards like Starling for purchases and cash withdrawals.

I've the starling card and it's been flawless. Cash withdrawals within a penny of the Mastercard rate.

Hedgeman said:
I travel in the US quite frequently and would always suggest having some paper dollars on you - I always carry a couple of hundred. Yes, credit cards are almost ubiquitous but you will come across the odd place with a minimum $20 CC spend when you just want a quick drink, and you don't want to find yourself out on the road trying to pay at the only gas station for 50 miles and have your card declined. But in most places CC rule, and I use MBNA Horizons (or Revolut if I've built up a $ balance).
This, a card with no foriegn transaction fees that'll let you take cash out is the best of both worlds.

HotJambalaya

2,032 posts

186 months

Wednesday 28th December 2022
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one note about starling, I pulled into a petrol station about 80 miles out of vegas once (had just gone out for a day trip) and tried to use it, and the card wouldnt work, they wanted me to send a selfie with me holding my passport up. Given that this was quite some time after I'd had the card it was pretty random. Fortunately I had like $20 in cash on me, otherwise I'd have been screwed. So I basically dont like relying on Starling now!

captain_cynic

13,044 posts

101 months

Wednesday 28th December 2022
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HotJambalaya said:
one note about starling, I pulled into a petrol station about 80 miles out of vegas once (had just gone out for a day trip) and tried to use it, and the card wouldnt work, they wanted me to send a selfie with me holding my passport up. Given that this was quite some time after I'd had the card it was pretty random. Fortunately I had like $20 in cash on me, otherwise I'd have been screwed. So I basically dont like relying on Starling now!
Not sure why you're blaming Starling for that... It was the petrol station that had the problem.

Not exclusive to Starling either. I've had the same thing with almost every card I've used at US petrol stations..many outright refuse non-US cards. Hence if you're going out into the sticks, carry some cash.

The US gets a lot of card fraud as a lot of merchants still do not have chip and pin. Especially the older pay at pump models.

DaveGrohl

933 posts

103 months

Thursday 29th December 2022
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Surely the answer to a card being declined is to have other cards for just such an emergency, even if you have to pay a small fee for that emergency?

Personally, I use a Wise card, with other backups.

ch37

10,642 posts

227 months

Thursday 29th December 2022
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We took Revolut cards to NYC last week, worked absolutely fine everywhere apart from when trying to buy MTA Travelcards from a subway machine (needed 3 so couldn't do contactless trips).

All purchases at the current rate with no fees so didn't really give it any thought, but unless you're buying something for thousands the typical fluctuations in exchange rate are really not worth worrying about.

captain_cynic

13,044 posts

101 months

Thursday 29th December 2022
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DaveGrohl said:
Surely the answer to a card being declined is to have other cards for just such an emergency, even if you have to pay a small fee for that emergency?
.
I 100% agree with that principle. Always have a backup.

But the situation HotJambalya describes wouldn't help as some American petrol stations flat out reject all non-US cards. A second card would be rejected as well.

There are still a lot of places where cash is king or card skimming is such a common occurance that you wouldn't want to use your cards for purchases (which is another reason to always have a backup) but I'm those cases I'd just use a local ATM to withdraw cash. I've not had my card rejected from a caahpoint yet.

barryrs

4,484 posts

229 months

Thursday 29th December 2022
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Paying for fuel always used to be an issue for me too; however, on my recent trip most fuel stations had pre-pay at the pump and it worked fine.

DaveGrohl

933 posts

103 months

Thursday 29th December 2022
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captain_cynic said:
DaveGrohl said:
Surely the answer to a card being declined is to have other cards for just such an emergency, even if you have to pay a small fee for that emergency?
.
I 100% agree with that principle. Always have a backup.

But the situation HotJambalya describes wouldn't help as some American petrol stations flat out reject all non-US cards. A second card would be rejected as well.

There are still a lot of places where cash is king or card skimming is such a common occurance that you wouldn't want to use your cards for purchases (which is another reason to always have a backup) but I'm those cases I'd just use a local ATM to withdraw cash. I've not had my card rejected from a caahpoint yet.
Ah, I see.

75Black

877 posts

88 months

Thursday 29th December 2022
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barryrs said:
Paying for fuel always used to be an issue for me too; however, on my recent trip most fuel stations had pre-pay at the pump and it worked fine.
Fuel stations were hit and miss for me, small independent on the FL/GA state border asked for a ZIP code, had to go inside to pre-pay. A big Shell by the I-95, no issues. Small station in Clearwater beach by my airbnb also no issue, but then the big Chevron further down the road, computer says no, go inside to pre-pay.

Petrus1983

9,446 posts

168 months

Thursday 29th December 2022
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Cash is for tips mainly and back up funds. If you’re driving then previous posters are correct - foreign cards rarely work (based on my experiences in Texas). I’ve found the local travel agent the best place to get cash dollars - in my case Hayes Travel, but I’m not sure where you are. Have a good trip.

ghost83

5,522 posts

196 months

Thursday 29th December 2022
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Why don’t you guys use your normal bank cards?

Also is Apple Pay accepted over there?