I was over in Amsterdam last week which gave me an opportunity to test out my new Supercard from Travelex.
As I outlined here, this is a revolutionary new Visa card which translates your foreign currency purchases into Sterling and then recharges them (in £) to another Visa or Mastercard. You earn full reward points from the card where your transaction ends up and you save 3% on foreign exchange fees with each purchase.
Travelex is not currently taking new applications for Supercard. The card is currently in a beta phase where a few thousand people are trying it out.
The first thing to note is:
You can change the PIN of your Supercard at any UK ATM
Travelex does not tell you this but it works fine.
Whilst in Amsterdam I made a number of transactions:
A cash withdrawal in Euros
Machine-based transactions (ie train ticket vending machines)
Manual transactions (eg hotel, restaurants)
I had set up my Supercard so that all of the transactions were recharged to my IHG Rewards Club Premium Visa card, as I am currently working towards the free night voucher for spending £10,000.
The good news is that the Supercard worked fine every time. It is thinner than a standard credit card, and your personal details are printed on it rather than embossed, but that was not a problem.
The even better news is that it does seem to work as promised. The InterContinental cheekily tried to charge me €32 in £ without giving me the € option – the credit card machine showed £25-ish. I insisted on paying in Euro and it eventually went through my Supercard at £23-ish.
The bad news is that the Supercard app has been very troublesome. Every time I try to bring up a list of recent transactions it crashes. I have never managed to bring up a transaction list successfully. I am able to view my last transaction but not the full list.
Transactions are taking some time to reach my credit card statement – they process at the same speed as a normal card purchase. The transactions were all done on Monday and Tuesday last week. They started to hit my IHG credit card statement on Friday and, by Sunday evening, the last one had yet to arrive.
This is how they appear on my IHG card statement:
Tms Supercard NS Schiphol, Chester (NS is Dutch Railways, Chester is where Supercard is based)
Tms Supercard, Tvx Schiphol, Chester (cash withdrawal from a Travelex cashpoint)
What was most impressive is that the €120 ATM cash withdrawal has gone through my IHG Rewards Club credit card as a purchase. This means I will earn points on it and will not pay any cash advance fees or interest.
So far, then, so good – but Travelex really needs to iron out the bugs in the app. I would have had more confidence in the card initially if I had been able to see my transactions in real time.
The biggest test for Supercard will be in Germany next month where we will have a very large hotel bill to settle. If that goes through OK, saving me over £100 in FX fees and probably getting me over the line for my IHG Rewards Club Premium Visa free night, I will be very happy.
PS. In my initial article on Supercard I didn’t list the spending limits that are imposed. These are the key figures you need to remember:
Maximum value of single ATM transaction – £250
Maximum daily ATM Cash withdrawal – £500
Maximum ATM Cash withdrawal per 4-day cycle – £1,000
Maximum daily Point of Sale Spend – £5,000
Number of Purchases per day – 15
Number of ATM Transactions per day – 3
Maximum card usage in one month – £20,000
Maximum card usage in one year – £20,000
Want to earn more points from credit cards? – September 2021 update
If you are looking to apply for a new credit or charge card, here are our September 2021 recommendations based on the current sign-up bonus.
The following offers will end soon:
- 2,000 Virgin Points on Virgin Atlantic Reward Mastercard (ends 15th October)
- 30,000 Virgin Points on Virgin Atlantic Reward+ Mastercard (ends 15th October)
- 10,000 Avios on British Airways American Express (ends 2nd November)
- 40,000 Avios on British Airways American Express Premium Plus (ends 2nd November)
- 60,000 points on The Platinum Card from American Express (ends 2nd November)
- 30,000 points on American Express Preferred Rewards Gold (ends 9th November)
Here are the top current deals:
British Airways American Express
10,000 Avios for signing up, no annual fee and an Economy 241 voucher for spending ….. Read our full review
British Airways American Express Premium Plus
40,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 30,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
60,000 points and an unbeatable set of travel benefits – for a fee Read our full review
Virgin Atlantic Reward Mastercard
The UK’s most generous free Visa or Mastercard at 0.75 points / £1 Read our full review
Virgin Atlantic Reward+ Mastercard
30,000 points bonus and the most generous non-Amex for day to day spending Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these offers.
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
British Airways Accelerating Business American Express
60,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
Capital On Tap Business Rewards Visa
The most generous Avios Visa or Mastercard for a limited company Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending: