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28 Degrees Mastercard vs travel money card vs debit card

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What’s the best way to take money overseas?

What plastic do you take on holiday? Do you use a debit card, credit card or travel card?

We’ve rounded up the 28 Degrees Mastercard, the NAB Traveller Card and the Citibank Plus Transaction Account to find the best type of card to take overseas. Read on to find out which travel money option to take with you to your next travel destination.

Compare No Foreign Transaction Fee Credit Cards

Rates last updated July 27th, 2017
Name Product Foreign Currency Conversion Fee (MC) Foreign Currency Conversion Fee (VISA) Overseas ATM Withdrawal Fee Overseas Cash Advance Fee Annual fee Product Description
Bankwest Zero Platinum Mastercard
0% of transaction value
$0
The greater of 2% or $4.00
$0 p.a.
Receive complimentary international travel insurance, access to a 24/7 concierge service and $0 foreign transaction fees.
ANZ Rewards Travel Adventures card
0% of transaction value
$0
$225 p.a.
Receive 40,000 bonus Velocity Points when you spend $500 on eligible purchases in the first three months.
Coles Platinum Rewards Mastercard
0% of transaction value
$4
$4
$89 p.a.
Earn 2 flybuys points per $1 spent and earn Velocity Status Credits when you shop at select retailers.
Bankwest Breeze Platinum Mastercard
0% of transaction value
$0
Greater of 2% or $4.00
$99 p.a.
Offers an introductory balance transfer rate of 0% p.a. for 13 months with a 2% BT fee, plus platinum perks.

Compare up to 4 providers

Using the 28 Degrees Mastercard for travel and international purchases

Credit cards charge a currency conversion fee when you shop or spend overseas, this fee is typically 3% of the entire transaction which may add up to hundreds of dollars over your trip. Some travel credit cards don’t charge for currency conversion, including the 28 Degrees Mastercard.

Currency conversion fee & ATM withdrawals

Credit cards usually charge 2-3% of the transaction amount for overseas transactions. Outstanding travel credit cards don't charge any fees for currency conversion or overseas ATM withdrawals. The 28 Degrees Mastercard is among a handful of credit cards that don't charge for these transactions. Also receive $0 annual fee, and offers up to 55 interest-free days on purchases.

28 Degrees Mastercard ATM fees & cash advance fees

The 28 Degrees Mastercard doesn’t charge for international ATM withdrawals either, but ATM withdrawals attract a fee of 3% of the cash advance or $4 (whichever is greater). Local ATM operator fees may still apply as well. Most of the time these fees are advised at the time of the transaction.


Using prepaid travel cards overseas

ANZ Travel Card

ANZ Travel Card

The ANZ Travel Card is a prepaid card that can be loaded with up to 10 currencies to make purchases overseas at over 38 million merchants and over 2.3 million ATMs worldwide.

  • Lock in your exchange rates and know how much money you have to spend
  • No transaction fees for electronic purchases when using foreign currency
  • Multiple reload options - online, over the phone or in person
  • Manage your money online or over the phone 24/7
  • Spare card if in case one is lost or stolen

    Travel cards are designed to be used overseas. Secure and preload your funds onto the card before you travel at a set exchange rate and hold multiple foreign currencies on the card at the one time. Preloading your currency can help you save money and organise your travel money before you travel. This feature is only available with prepaid travel cards, making it an option to consider before you head overseas.

    These accounts let you hold multiple foreign currencies at once, so you can spend overseas without incurring additional costs for currency conversion. By loading a travel card with US dollars, for instance, and spending in US dollars, you can avoid this fee.

    Security overseas

    Unlike some credit cards, which charge a fee when an additional card is issued, a second travel card is given to you for free when you open an account. The second card acts as a backup incase the first card is lost or stolen.

    Because they are issued by Visa and Mastercard: the usual anti-fraud protections apply to these cards.

    Travel Money Card Comparison

    Rates last updated July 27th, 2017
    Available Currencies ATM Withdrawal Fee Reload Fee Initial Load Fee
    ANZ Travel Card
    ANZ Travel Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD AUD 3.50, USD 2.50, GBP 2.00, EUR 2.20, NZD 4.50, CAD 3.00, HKD 20.00, SGD 4.00, THB 95, JPY 260 1.1% of the value purchased $0 Go to site More
    NAB Traveller Card
    NAB Traveller Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD

    Overseas: $0 per withdrawal via international ATMs

    Domestic: $3.75 fee applies

    $0 $0 Go to site More
    Qantas Cash
    Qantas Cash
    AUD, AED, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD AUD 1.95, CAD 2.00, EUR 1.50, GBP 1.25, HKD 15.00, JPY 160, NZD 2.50, SGD 2.50, USD 1.95, THB 70.00, AED 6.50 $0 $0 Go to site More
    Velocity Global Wallet® Card
    Velocity Global Wallet® Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD, ZAR AUD 0.00, CAD 2.00, EUR 1.50, GBP 1.25, HKD 15.00, JPY 160, NZD 2.50, SGD 2.50, THB 60, USD 1.95, ZAR 20, Other than above: AUD 1.95 $0 $0 Go to site More
    Westpac Global Currency Card
    Westpac Global Currency Card
    AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD, ZAR

    Non-Westpac Group ATM in Australia / non-Global Alliance ATM overseas: AUD 2.00, USD 2.00, GBP 1.50, EUR 2.00. NZD 3.00, CAD 2.50, HKD 15.00, SGD 3.00, JPY 200, THB 75.00, ZAR 20.00

    Over 50k ATMs (Global ATM Alliance network & Westpac): $0

    Transferring through another financial institution (BPAY) may attract a transaction fee. $0 Go to site More
    St.George Global Currency Card
    St.George Global Currency Card
    AUD, HKD, USD, SGD, GBP, JPY, EUR, THB, NZD, ZAR, CAD AUD 2.00 USD 2.00 GBP 1.50 EUR 2.00 NZD 3.00 CAD 2.50 HKD 15.00 SGD 3.00 JPY 200 THB 75.00 ZAR 20.00 $0 $0 Go to site More

    Using debit cards overseas - Citi Plus Transaction Account

    It’s easy to take your debit card with you travelling — there’s nothing to sort out and you have access to your bank account. Although this option may be more convenient in the short term, it could be a more expensive option in the long run.

    The Citibank Plus Transaction Account doesn’t charge for international transactions, and Citi’s global ATM presence means you shouldn’t have to venture far to find an ATM where you can withdraw for free.

    Security overseas

    Unlike travel cards, transaction accounts generally hold the majority of a traveller’s budget. Much like other travel plastic, you’re protected if you’ve been defrauded by the card scheme’s anti-fraud guarantees.

    ATM withdrawals

    The Citibank Plus Everyday Account has no fees for foreign transactions or ATM withdrawals, making this card a product to consider for your overseas travels.

    Compare travel debit cards

    Rates last updated July 27th, 2017
    $
    Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
    St.George Complete Freedom Account
    $0 Overseas ATM fee when you withdraw from the Global ATM alliance network. International transaction fee still applies.
    Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 fee applies. Unlimited free withdrawals at St.George, Westpac and BankSA ATMs. Go to site More
    Westpac Choice
    $0 Overseas ATM fee when you withdraw from the Global ATM alliance network. International transaction fee still applies.
    Mastercard $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 monthly fee applies. Unlimited free withdrawals at St.George, Westpac, Bank of Melbourne and BankSA ATMs. Go to site More
    Bankwest Qantas Transaction Account
    $0 Overseas ATM withdrawal fees charged by Bankwest. Third party ATM fees and international transaction fees may still apply.
    Mastercard $0 $2,000 $0 account keeping fees when you deposit at least $2,000 into your account each month. Otherwise, a $6 monthly fee applies. Unlimited Free withdrawals at Bankwest and CommBank ATMs in Australia. Go to site More
    Macquarie Transaction Account
    $0 International transaction fees. Overseas ATM fee still applies.
    Mastercard $0 $0 Free access to all domestic ATMs in Australia including the rediATM network. More
    Macquarie Platinum Transaction Account
    $0 International transaction fees. Overseas ATM fee still applies.
    Mastercard $0 Free access to the rediATM network More
    Citibank Plus Everyday Account
    $0 International transaction fees and $0 overseas ATM withdrawals fees if you use a Citibank ATM overseas.
    Mastercard $0 $0 No ATM fees using Citibank, Westpac, BankSA and St.George branded ATMs in Australia. Use overseas Citibank ATMs for free. More

    Popular questions for using the 28 Degrees Mastercard

    • Q: Can you use 28 Degrees Mastercard as a debit card?
      Yes. You can transfer money onto the 28 Degrees credit card and use it like a debit card.
      If you preload the account with a positive balance you won’t get charged interest on purchases and cash withdrawals as you’re using your own money.
    • Q: The 28 Degrees credit card cash advance fee & credit card cash withdrawals
      The 28 Degrees credit card cash advance fee is charged every time the Mastercard is used for an ATM withdrawal. A local ATM fee is also charged when you use the 28 Degrees Mastercard to withdraw cash overseas.
      By putting the 28 Degrees card into credit, you waive the Mastercard Zero Liability Guarantee. This guarantee protects you if you’re defrauded.

    Use a combination of travel money for best results

    Each of the products on this page has it’s own advantages and disadvantages and will appeal to different people. It comes down to how you spend and the type of holiday or trip you’re going on. Compare your travel money options here.

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    55 Responses

    1. Default Gravatar
      DavidJune 8, 2017

      Is 28 degrees MasterCard widely accepted in England, Paris and Italy?

      • Staff
        JonathanJune 8, 2017Staff

        Hi David!

        Thanks for the comment.

        Absolutely! As long as the MasterCard logo is on it.

        In case of cash withdrawals, You can use the Global ATM Locator on the MasterCard website to know the nearest one in a certain area.

        Hope this helps.

        Cheers,
        Jonathan

    2. Default Gravatar
      WarwickJune 5, 2017

      28 degrees MasterCard are hopeless when it comes to replacing a lost and stolen card .. be prepared to wait 7 to 10 days ( who can afford that timespan when overseas) and don’ t believe any of the promises they make about forwarding a replacement card to your hotel overseas. It’s happened to me twice now 1st time I requested a companion card for my employee visiting Tokyo on a business trip and second time a replacement card for my card swallowed by a parking station pay station.
      Why do they promise you all will be well .. after waiting forever, I found that in both instances the card had not even been sent .
      Why does it take such an inordinate amount of time and why is the process so inefficient ?

      • Staff
        DanielleJune 6, 2017Staff

        Hi Warwick

        Thank you for reaching out to us here at finder.com.au. We are a comparison website and general information service, we’re more than happy to offer general advice.

        We are sorry to hear that. The 28 Degrees credit card offers a round-the-clock support service for lost and stolen cards. If anything happens to your account, it would be best to call them through their hotline 1300 552 079 in Australia or +61 1800 005 809 overseas.

        I hope this helps.

        Cheers,
        Danielle

    3. Default Gravatar
      RichardApril 28, 2017

      Hi Finder Team, can you please confirm my understanding …

      I’m traveling to Europe and comparing 28 Degrees and my existing CBA credit card. Both use Mastercard. And both say exchange rates are set by the same MasterCard link you provided.

      So, does that mean that the same transaction on each card would hit my statement using the same exchange rate … so the only difference is the international transaction fees (charged by CBA but not by 28 degrees)?

      • Staff
        AnndyApril 30, 2017Staff

        Hi Richard,

        Thanks for your question.

        If both credit cards use MasterCard exchange rate, you’ll get the same exchange rate for the same transaction done at the same time.

        Since you did not mention what type of CBA credit card you are holding, I can’t determine what differences it may have with 28 Degrees MasterCard.

        You may want to check the following features of 28 Degrees MasterCard and compare them with the features of your CBA credit card:

        - The 28 Degrees MasterCard is among a handful of credit cards that don’t charge for International transaction fee.

        - It also doesn’t charge for international ATM withdrawals.

        - It attracts a cash advance fee of 3% of the cash advance or $4 (whichever is greater) when you withdraw money from an ATM.

        - It offers up to 55 interest-free days on purchases.

        These are some of the important features that can affect overseas transactions.

        Cheers,
        Anndy

    4. Default Gravatar
      March 14, 2017

      Hi Sally,

      I have been preloading my 28 Degree card with AUD when travelling to Europe. When I draw this cash out at an overseas ATM it asks “do I accept the conversion rate?” I get the cash whether I click yes or no but can not work out from my statements if one is a better (cheaper) choice. What should I select?

      Walter

      • Staff
        MayMarch 16, 2017Staff

        Hi Walter,

        Thank you for your inquiry.

        If you will use your 28 Degrees MasterCard overseas, the conversion/exchange rate is determined by MasterCard International by the time you access the cash, so we may not be able to tell when you can get a better rate.

        Cheers,
        May

    5. Default Gravatar
      BusterSeptember 29, 2016

      I am spend USD 20k per month online and am looking for ways to reduce my fees and costs which about to over $1000 per month. I was about to switch from using my CBA credit cards to using a CBA travel card as it had no intl transaction fees. It turned out that the rate they use on their travel cards meant that i would be worse off than using my credit card, even with 3% fees.

      28degrees have told me that they use the exchange rate found at xe.com (which is the ‘mid rate’ with no buy/sell differential) and also charge no fees. They were, however, unable to provide me this important detail in writing.

      Are they telling the truth?

      • Staff
        SallyOctober 17, 2016Staff

        Hi Buster,

        Thanks for your question.

        According to the 28 Degrees Mastercard website (in the frequently asked questions section), the exchange rate is determined by MasterCard International on a daily basis in accordance with daily foreign exchange fluctuations. The conversion will involve two calculations if the transaction is made in foreign currency. First, it will be converted to US dollars and then converted to Australian dollars for listing on your transactions. You can calculate the conversion rate using the Mastercard currency conversion tool.

        The foreign exchange rate is calculated by MasterCard International on a daily basis according to daily foreign exchange fluctuations. The conversion will consist of two calculations if the transaction is made in foreign currency – it will first be converted to US dollars and then converted to Australian dollars for listing on your transactions. You can calculate the conversion rate using the MasterCard currency conversion tool.

        I hope this has helped.

        Cheers,

        Sally

    6. Default Gravatar
      bluSeptember 26, 2016

      hello i will be going to peru only, for 4 months and am needing to find best card to use there. What might be the best debit card and travel load card available with least fees namely the atm use and currency convert fees. thx

      • Staff
        AnndySeptember 26, 2016Staff

        Hi Blu,

        Thanks for reaching out.

        If you are travelling to Peru, you can compare your prepaid, credit and debit card options here.

        I hope this helps.

        Cheers,
        Anndy

    7. Default Gravatar
      WendyMay 28, 2016

      When overseas and using the 28 degrees card as a debit card with own funds , which option do you choose when transacting at an ATM savings or credit and if using the card for credit do you choose credit?

      • Staff
        SallyMay 31, 2016Staff

        Hi Wendy,

        Thanks for your question.

        If you’re using the card for a credit purchase, select “credit”. If you’d like to withdraw funds that are loaded on your card, try selecting “Savings” at the ATM. Please note that while your withdrawals won’t incur the standard interest rate, you will be charged a cash advance fee of either 3% or $4 (whichever is greater).

        I hope this has helped.

        Cheers,

        Sally

    8. Default Gravatar
      SharonMay 12, 2016

      does the card offer complimentary travel insurance o/s.
      tks

      • Staff
        SallyMay 13, 2016Staff

        Hi Sharon,

        Thanks for your question.

        Unfortunately, the 28 Degrees MasterCard doesn’t offer complimentary travel insurance.

        You can compare cards with complimentary travel insurance here.

        I hope this has helped.

        Cheers,

        Sally

    9. Default Gravatar
      JonoMay 11, 2016

      Hi,
      If I have a 28 degree master card, am I able to deposit the money I get in the 28 degree account into another bank account without any fees? With a 0% for 12 months MasterCard?

      • Staff
        SallyMay 17, 2016Staff

        Hi Jono,

        Thanks for your question.

        Just to confirm, are you looking to conduct a balance transfer your debt from your 28 Degrees MasterCard to a card with a 0% offer for 12 months?

        If so, you can compare balance transfer cards with 0% for 12 months here.

        I hope this has helped.

        Cheers,

        Sally

    10. Default Gravatar
      JakeMay 9, 2016

      Bit of a newbie here, but just want to confirm – with the 28 degrees card, for making purchases in Europe, for instance paying for accommodation (not cash withdrawals), I’m assuming this wouldn’t attract the cash advance fee of 3%? And therefore the main fee is the 21.99% interest p/a to be paid back?
      Cheers for your time,

      Jake

      • Staff
        SallyMay 10, 2016Staff

        Hi Jake,

        Thanks for your question.

        No, accommodation transactions shouldn’t be considered as cash advances. As a purchase, you should only attract the standard interest rate on purchases.

        I hope this has helped.

        Cheers,

        Sally

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