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Exchange rates

Posted: Mon Mar 21, 2022 9:57pm
3 replies192 views4 members subscribed
EmmaG

Posts: 22

Location: Albox

Joined: 9 Feb 2022

Quick question we are flying over to Almeria next week and hiring a car at the airport so we can come and see our new home in Albox. The question is am I better off fetching Euros over to Spain to pay for the car etc or will it be as cheap for me to use my English debit card? 

Tomfaros

Posted: Tue Mar 22, 2022 9:13am

Posts: 27

13 helpful points

Location: Almería

Joined: 3 Nov 2019

Posted: Tue Mar 22, 2022 9:13am

Hi, as far as i am aware, no car hire company accepts cash, and never use a debit card for car hire, as car hire companies are notorious for charging for all sorts of damage tricks when the car is returned, and you will have no comeback on a debit card. Only use a Credit card, as it gives some protection. Never use Goldcar. and check for any damage when you collect the car, both inside and out. Take photo's and report to the reception before leaving.

You have been warned. 

Regards Tom.

AndyIOW

Posted: Tue Mar 22, 2022 10:22am

AndyIOW

Helpful member

Posts: 194

134 helpful points

Location: Oria

Joined: 26 Apr 2018

Posted: Tue Mar 22, 2022 10:22am

As Tom says plus the bank charges for conversion plus a fee usually on a debit card would make exchange rate much worse.  If you have a credit card with special fee free options for conversion then that is by far the best option.  Whatever you end up using (cards) make sure good credit limit or more than one card due to a deposit option held on a card for the hire car.

Whoopydo

Posted: Wed Mar 23, 2022 7:26pm

Whoopydo

Helpful member

Posts: 170

117 helpful points

Location: Vera Playa

Joined: 13 Mar 2018

Posted: Wed Mar 23, 2022 7:26pm

Excellent advice above. Just on credit cards, if you do use one, pay in euros and never accept an offer by any premises to pay in Sterling. The card company rates will be cheaper (than the rates local premises will use). 

Martin.

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