Which credit card is the best way to use cash?

Withdrawing cash with a credit card is usually expensive. You usually pay a few USD per admission. But sometimes you still have to rely on your credit card for cash. Which card is best for you?

The costs that your bank or credit card company charges for withdrawals with a credit card in an ATM depend strongly on the amount withdrawn. You can see this from the examples below.

The costs are the same for all Good Finance credit cards. Good Finance is the publisher of the Visa World Card , MasterCard Classic , ANWB Visa and the credit cards of ASN and Nationale-Nederlanden .

Good Finance is also the only issuer that charges lower costs when you have deposited money on your card and maintains a positive credit card balance.

Cost example 1: include an amount of 100 USD

bank

Good Finance¹ (with sufficient positive balance on your card) – € 1
Good Finance² (without positive balance) – € 4
American Express – € 4.50
ING Credit Card & Platinum Card – € 4.50
ABN Amro Credit Card – € 4.50
Rabocard & Rabo Goldcard – € 4.50
SNS credit card – € 4.50
Flex Visa, Holland Visa & Knab Visa Card (Qander publisher) – € 4.95

Example 2: withdraw 250 USD

bank

Good Finance¹ (with sufficient positive balance) – € 1.50
Rabocard & Rabo Goldcard € 4.50
SNS credit card – € 4.50
Flex Visa, Holland Visa & Knab Visa Card – € 5
ING Credit Card & Platinum Card – € 5
American Express – € 8.75
ABN Amro Credit Card – € 10
Good Finance² (without positive balance) – € 10

Example 3: withdraw 400 USD

bank

Good Finance¹ (with sufficient positive balance) – € 1.50
Rabocard & Rabo Goldcard – € 4.50
SNS credit card – € 4.50
Flex Visa, Holland Visa & Knab Visa Card – € 8
ING Credit Card & Platinum Card – € 8
American Express – € 14
ABN Amro Credit Card – € 16
Good Finance² (without positive balance) – € 16

Conclusion

You can deduce from this overview that it is smart to take an Good Finance credit card and transfer money to it before you go abroad, if you want to withdraw cash there. An additional advantage is that Good Finance is also the only credit card provider that reimburses interest on the positive balance.

Finally, make sure that you sometimes pay additional costs abroad for using the cash machine. But this is regardless of which credit card you have. Even when you withdraw money at a bank counter there are often extra costs.

For the above comparison, prepaid and business credit cards are not taken into account. The amounts shown are the rates per January 1, 2018.

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