Eli5, the British pound has hit an all time low. I am traveling to the UK next month from the US. If I change my US money to sterling will things cost me more or less?

Question

Or should i use my US credit card instead?

In: 0

Answer 1

>Or should i use my US credit card instead?

Yes, but only if the card has no foreign transaction fees.

Also, when you use your credit card abroad, you will sometimes be asked if you want to pay in dollars or in the local currency.

ALWAYS choose the local currency. If you choose dollars, you will have to pay whatever exchange rate the merchant offers, which will be worse than the one your bank gives you on your no-foreign-transaction-fee card.