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My experiences with the Travelex Supercard

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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.

Supercard

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


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Comments (159)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • Anonymous Coward says:

    Address check fails on the app for me, despite Santander recognising me fine at the same time. The App name is also blank, so it doesn’t display properly in Android.

    Have flagged this up to them, but they only way i can get the card going is through the App. Which I can’t. So it won’t be used!

  • dralain says:

    Bought 2x 10k ihg points for reward nights at holiday inn on 28 may. No problem and transactions appeared immediately on supercard app. However have now disappeared from app and still not appeared on ihg Barclaycard. Have emailed supercard twice with one single useless reply. Tried to phone but “all our representatives are currently busy” so cut off each time! Will wait and see what happens…

  • Polly says:

    Qatar Airways have yet another discounted business class sale. Can be bought as single tickets this time. No need for a companion. Again ex EU v g price, bit more than a month ago, but at least £800 less than from LHR from CPH to Asia.. FYI

  • Colin JE says:

    Nice to see that this is working for some folks. My problem is the app did not accept my password when I got my new card (during original registration it didn’t say it was successful once while I tried different passwords). It’s now locked me out and customer services couldn’t do a password reset. I’ve called about 6 times now and they were finally able to manually reset my password today, but the reinstalled app is still showing Account Suspended.

    I can’t imagine Supercard being able to support anything more than the initial trial number any time soon if this is any indication of their IT issues.

    • bob says:

      It wasn’t really an IT issue.

      Looks like a combination of user error and poor resolution by CS.

      IT looks to have been working as intended.

      • Mark says:

        To be fair, the fact that the IT couldn’t cope with the volume of traffic initially is at the root of a lot of problems. In my case I somehow ended up with two cards, despite apparently only registering successfully once (and only getting one confirmation email). As a result they ended up cancelling the card that the app was logged into and I also got the Account Suspended message.

        OK, its a mute point as to whether that was actually an IT issue, or just their underestimating demand / making a complete hash of the way the pilot was announced, OKing the publication on MSE the day after it went live and not restricting it to those who had preregistered.

    • Jason Cousins says:

      This is defintely an IT issue which they are refusing to acknowledge. I’ve never been able to log in with the correct details and Customer Services just cannot sort it out, and I can happily log on to dozens of other websites/apps regularly without any issue. I’ve effectively got a designer Drinks Coaster which is all its useful for.

  • Duncan Stevenson says:

    That’s a nice deal. It always annoyed me that the Select CC didn’t offer cash back on non-GBP spend. Especially as it’s the only reason I had the card in the first place!

  • Mat says:

    Forgot to add: on the same day!

    • bob says:

      What time difference between transactions?

      • Mark says:

        The time of the transactions doesn’t matter. What matters is the processing date and the rate that was applied by the networks to transactions in that currency on that date.

      • Mat says:

        2 hours difference but mid day so both posted on the same day 100%. Later did another two this time in EUR and similar story. Roughly 0.8% better rate on MasterCard vs VISA.

        So, the difference in conversion rate might eat up your linked card’s reward

  • oyster says:

    Until someone does identical transactions using a fee-free mastercard, supercard and Amex at the same(ish) time then it’s hard to see if supercard is really worth it over someting like the Post Office mastercard.

    Even having a grandfathered Tesco m’card linked to my supercard I’m doubtful.

    • Rob says:

      That depends on how big the difference is between MasterCard and Visa wholesale rates in general. Dumping the PO card frees up credit which may help you get other cards. It is one less card to ‘manage’. You get the rewards on whatever card Supercard diverts to. Seems pretty compelling once all the bugs are ironed out.

      • oyster says:

        All true. I tested my supercard in France and out of 7 attempted transactions, only 5 worked. So the beta has work to do.

  • Jonathan says:

    Surely the ability to use an ATM against a linked credit card without any charges is a mistake that will get plugged? Otherwise this is a great feature, but I am sure the credit cards will be very displeased with this (if they are not already, losing the forex commission)

    • Rob says:

      Some credit cards will benefit – many will switch from Halifax Clarity, Post Office etc to Supercard which recharges to a rewards card. That rewards card would never have seen the business otherwise.

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