Sunday, 15 September 2013

Commonwealth Bank Travel Money Card

One of my pet hates is all those bank charges I accumulate on my credit card when I'm overseas.

Not so much because I begrudge the bank for charging me for providing a service, but more because I faithfully enter every transaction into my Quicken accounting software when I get home and I hate having to enter, and then reconcile, all those little bank charges.

Yep, laziness generally trumps all in my little world.

So this trip, I got smart and got myself a Commonwealth Bank Travel Money Card, charged it up with €2,500 and said goodbye to all those bank charges.

But then I was checking my account the other day and I noticed that I seemed to have handed over an awful lot of Australian dollars for those euros (the headline exchange rate was just over 0.7 euros to the Australian dollar at the time).

So I got to checking a bit more and I just happened to have the perfect data set to do it with because in the same 24 hours that I had charged up my Travel Card, I had also taken out €1,000 in cash and used my credit card to pay for my accommodation in Rome.

And I did it all with the Commonwealth Bank.

So I did the numbers and here's how it worked out remembering that the headline rate in the news was between 70 and 71 euro cents to the dollar.

Credit Card Purchase: 68.67 cents or more honestly 67.15 cents if you take into account that 2% transaction fee that I was trying to avoid in the first place.

Travel Card: 64.04 cents

Cash: 63.41 cents

I figured that that was quite a range given that they were all from the same bank in the same 24 hour period, and to put it into perspective that lower exchange rate on my Commonwealth Bank Travel Card cost me $180 more than if I had just purchased things on my Credit Card. That's enough for 2 or 3 nights accommodation over here.

So after I've exhausted my Travel Card it will be back to the good old credit card for me and I'll just have to put up with entering those silly transactions.

At least I know that my bank is living up to its slogan though.

Commonwealth Bank ... Yes, they Can.

68 comments:

  1. That appears to be excellent however i am still not too sure that I like it. At any rate will look far more into it and decide personally. Https://www.myehic.org.uk

    ReplyDelete
  2. I can set up my new idea from this post. It gives in depth information. Thanks for this valuable information for all,..
    Company Formation Singapore

    ReplyDelete
  3. Yes, I've already heard about this service, even read several articles, but to be honest I do not really trust this bank, so I decided to find a more suitable option for me. After several hours of searching through the Internet I could find anything, but I was lucky that the banks open on saturday and I was able to solve my question.

    ReplyDelete
  4. This blog does a thing of bridging the gap between reader and writer.
    free tour estocolmo en español

    ReplyDelete
  5. Shrewdly worked by the creator and Stunningly delightful usage of words.
    Kucoin

    ReplyDelete
  6. Inspiring and exceptionally valuable, profoundly prescribed for all bloggers out there.
    http://www.stockholmfreetour.com

    ReplyDelete
  7. It’s appropriate time to make some plans for the future and it is time to be happy. I have read this post and if I could I wish to suggest you few interesting things or advice. Perhaps you could write next articles referring to this article. I desire to read even more things about it! Australia-Eta.com

    ReplyDelete
  8. This comment has been removed by the author.

    ReplyDelete
  9. Indian banking, which was operating in a highly comfortable and protected environment till the beginning of 1990s, has been pushed into the choppy waters of intense competition.
    equipment loan

    ReplyDelete
  10. By and large, https://domoneyout.com/shop/usd-100-bills-high-quality/ it is prescribed that you trade Euro money to American money before you go voyaging.

    ReplyDelete
  11. It is difficult to become rich and build a company reselling other companies travel products. You can become rich over time by building a business that sells your own uniquely branded travel products. places to stay in california

    ReplyDelete
  12. This comment has been removed by the author.

    ReplyDelete
  13. On the off chance that you intend to resign on time and financially sound at the season of retirement, at that point you should begin it as prior as could be expected under the circumstances.https://www.inquiryremoval.io/

    ReplyDelete
  14. The comfort of web based booking is as yet the same; it's simply that individuals would now be able to see the site. They book their travel obviously. They get the opportunity to remain in similar inns, a similar comprehensive get-aways, similar travels, a similar auto rentals and they pay a similar cost, perhaps somewhat better. The distinction is you.rvs for sale missouri

    ReplyDelete
  15. Travelers who set up together their own travel trips instead of utilizing a travel specialist will be secured if things turn out badly on account of a proposed change to the European Commission's Package Holiday Directive.hotels in pittsburg ks

    ReplyDelete
  16. Not exclusively should the staff be courteous, they ought to likewise be exceptionally keen. This implies they ought to have the capacity to foresee the visitor's and client's needs and needs even before they are asked of them. This additionally implies they ought to have the capacity to do one's solicitations appropriately and rapidly.centerville iowa hotels

    ReplyDelete
  17. Nice post! This is a very nice blog that I will definitively come back to more times this year! Thanks for informative post. Increase Your Nett Worth

    ReplyDelete
  18. Individuals travel for various reasons. Some travel for work, others for no particular reason, and some to discover mental peace. In spite of the fact that each individual may have his/her very own motivation to go on a traveling, this is critical to take note of that traveling, in itself, has some natural prizes.nomad

    ReplyDelete
  19. You can choose a travel operator on the web, look at their administrations, and book them online in a jiffy. What's more, strikingly you can do this regardless of in which part of the world you happen to live in. flight and car

    ReplyDelete
  20. Indeed, even the expression "travel specialist" is leaving since what they do now is not the same as what they did previously. Kerala Tourism

    ReplyDelete
  21. Definitions abound for the magical word 'tour.' When looking forward to your luxury travel vacation, do remember that the word 'tour' implies several different things. For one, a Tour Travel Hotels can be a guided trip that consists of a group of people travelling with similar aims. A package is usually termed as an offer that includes journey by planes, airport transfers, hotels, accommodation and vehicle or car rentals.

    ReplyDelete
  22. versatile application improvements are step by step grasped by movement industry. Since the entire procedure depends on open source advancement and re-appropriating, each business can harvest benefits by attempting their deliver this improvement. https://aroundbulgaria.com/transfers/sofia-airport/borovets/

    ReplyDelete
  23. Travelling with friends, family, and loved ones can be great, but the benefits of social travel are very different from the benefits of travelling alone. With the right mindset, you'll see how Movers baner alone is not only an incredible life experience- it's often a necessary life experience.

    ReplyDelete
  24. Shopping in Dubai Thanks a lot for the blog.Really thank you! Want more.

    ReplyDelete
  25. A trek to the Vega Islands is suggested, also, particularly for the individuals who need to be encompassed by different types of uncommon winged animals, sensational scenes and amazing perspectives. potens midler

    ReplyDelete
  26. The essayist has composed this blog in the most masterful way. Unbelievable!
    loan-republic.com

    ReplyDelete
  27. straightforward insights concerning https://ukdistance.com/ extra costs, for example, things charges or in-flight expenses

    ReplyDelete
  28. I found that site very usefull and this survey is very cirious, I ' ve never seen a blog that demand a survey for this actions, very curious...
    easyjet flight cancellation policy

    ReplyDelete
  29. Regardless of whether you are traveling to another country or need to check USD trade rates for AUD continuously, you can utilize can online number cruncher like various things won't cost you a penny.https://usd.mconvert.net/

    ReplyDelete
  30. What a smooth and correct article. The use of words is commendable.
    Shoreline Amphitheatre tickets

    ReplyDelete
  31. Self-planned travel has really taken off in the last decade or so. More and more people are planning and in a blog post their own tours and skipping the traditional travel agents. What has led to this new self-planned travel phenomena? What are the benefits of this form of travel?

    ReplyDelete
  32. The unique design of each bag allows you to comfortably store your notebook/iPad in addition to clothing and personal accessories in the same bag.Niagara on the lake wine tours

    ReplyDelete
  33. The accompanying data is at the fingertips of the CTAs:- vacanzethai tours

    ReplyDelete
  34. I am continually amazed by the amount of information available on this subject. What you presented was well researched and well worded in order to get your stand on this across to all your readers. stock market

    ReplyDelete
  35. Collateral Security refers to certain additional security obtained by the Bank to secure the loan. For example, say, a Bank has financed the purchase of machinery by a Pharmaceutical manufacturing company. payday loans in fort worth tx

    ReplyDelete
  36. wow, awesome post.Thanks Again. Much obliged.
    Ibn Battuta Mall

    ReplyDelete
  37. I was reading some of your content on this website and I conceive this internet site is really informative ! Keep on putting up. free cash register

    ReplyDelete
  38. straightforward insights concerning extra costs, for example, stuff charges or in-flight expenses Cairo Hotels

    ReplyDelete
  39. I'll review this blog as An and it demonstrates how much exertion has been put into this.
    travel nice

    ReplyDelete
  40. This blog is decisively what I was hunting down.
    Visit Sarajevo

    ReplyDelete
  41. Nothing takes the requirements for full and thorough reading of the necessary forms. If you are unsure of words or what they mean or translate to - have someone else read the papers as well. Homestay murah melaka

    ReplyDelete
  42. I am unquestionably making the most of your site. You unquestionably have some extraordinary knowledge and incredible stories.  Bitcoin Crash Price

    ReplyDelete
  43. When traveling, you go open air and be far from PCs, and TVs and you are probably going to blend with various individuals and societies. Individuals travel for various reasons.installing backup camera reverse wire

    ReplyDelete
  44. Hi there, I discovered your blog via Google at the same time as searching for a similar topic, your site came up, it appears great. I’ve bookmarked it in my google bookmarks. https://travelgudier.com

    ReplyDelete
  45. There are a few interesting points at some point on this page but I don’t know if these people center to heart. There is certainly some validity but I most certainly will take hold opinion until I take a look at it further. Excellent post , thanks so we want far more! Combined with FeedBurner in addition https://thetravelerseason.com

    ReplyDelete
  46. I real glad to find this web site on bing, just what I was searching for : D likewise saved to bookmarks . dfmpro solidworks

    ReplyDelete
  47. Rajasthan, the largest state of India, is one of the most sought after Indian state in terms of travel and tourism. It is widely acclaimed for its rich culture, tradition and glorious past. This royal and imperial Indian state has lots to offer its visitors. Relax outside Bristol

    ReplyDelete
  48. Adobe Photoshop is the modern standard in digital photography. Now, even amateur photographers can very well produce outputs that can be appropriately compared to those taken by professionals. The Adobe Photoshop is a post-production imaging tool that would surely help do the trick. cheap new software

    ReplyDelete
  49. Self-planned travel has really taken off in the last decade or so. More and more people are planning and organizing their own tours and skipping the traditional travel agents. What has led to this new self-planned travel phenomena? What are the benefits of this form of travel? check-distance.com

    ReplyDelete
  50. I like this website because so much useful material on here : D. HD

    ReplyDelete
  51. Some times its a pain in the ass to read what blog owners wrote but this site is really user pleasant! . Majorca

    ReplyDelete
  52. Self-planned travel has really taken off in the last decade or so. More and more people are planning and organizing their own tours and skipping the traditional travel agents. What has led to this new self-planned travel phenomena? What are the benefits of this form of travel? Mallorca 60fps

    ReplyDelete
  53. The four ways travel agents pay for their trips (addressed in Part 1) do show that travel agents do have to come out of their pocket, BUT, there are ways where they can experience tremendous savings and even not pay in the long run. This article will show just how agents can go for free! Greece in 4k

    ReplyDelete
  54. The four ways travel agents pay for their trips (addressed in Part 1) do show that travel agents do have to come out of their pocket, BUT, there are ways where they can experience tremendous savings and even not pay in the long run. This article will show just how agents can go for free! Singapore Drone View

    ReplyDelete
  55. Today, website owners and web developers are realizing the importance of SEO training courses. The truth is, if you want to drive more traffic to your website, you need to learn how to properly optimize your site. In order to do this, you must be fully equipped with the latest SEO techniques and information that will guide you along the way. link building

    ReplyDelete
  56. Today, website owners and web developers are realizing the importance of SEO training courses. The truth is, if you want to drive more traffic to your website, you need to learn how to properly optimize your site. In order to do this, you must be fully equipped with the latest SEO techniques and information that will guide you along the way. quality link building

    ReplyDelete
  57. Today, website owners and web developers are realizing the importance of SEO training courses. The truth is, if you want to drive more traffic to your website, you need to learn how to properly optimize your site. In order to do this, you must be fully equipped with the latest SEO techniques and information that will guide you along the way. seo backlinks

    ReplyDelete
  58. Today, website owners and web developers are realizing the importance of SEO training courses. The truth is, if you want to drive more traffic to your website, you need to learn how to properly optimize your site. In order to do this, you must be fully equipped with the latest SEO techniques and information that will guide you along the way. seo backlinks

    ReplyDelete
  59. People travel for different reasons. Some travel for fun and to have a good time. Others travel as a hobby. Travel can be an escape away from the hectic pace of life in big cities.royal palace madrid

    ReplyDelete
  60. Outstanding post, you have pointed out some good details , I likewise conceive this s a very good website. 4k nature video ultra hd drone

    ReplyDelete
  61. if you want to protect the integrity of your heart, then low fat foods should be the thing to go“ 먹튀검증

    ReplyDelete
  62. I found that site very usefull and this survey is very cirious, I ' ve never seen a blog that demand a survey for this actions, very curious... Travel niche

    ReplyDelete
  63. I completely understand everything you have said. Actually, I browsed through your additional content articles and I think you happen to be absolutely right. Great job with this online site. 먹튀검증

    ReplyDelete
  64. I have watched “boston legal” ever since in my college days, i love to watch courtroom drama;; 먹튀

    ReplyDelete