Paying with debit cards abroad is usually much cheaper than with credit cards, according to an analysis by the Swiss comparison service Moneyland. Optimising the choice of card can save over a hundred francs on holiday expenses. +Get the most important news from Switzerland in your inbox For a holiday budget of CHF3,000 ($3,800), the costs for debit cards were between CHF1 and CHF170, depending on the provider, while credit cards cost between CHF25 and CHF180, Moneyland said on Tuesday. Individual debit cards without a basic fee were particularly favourable, while credit cards, even in the low-cost variants, had significantly higher fees. Moneyland compared the offers of over a dozen card issuers. The differences are mainly due to foreign currency fees and surcharges on exchange rates, Moneyland explained. Debit cards debit payments directly from the account, while credit cards charge additional fees. However, debit cards can also incur fixed fees per payment, making small amounts ...
