What are the benefits of DCC?
You can enjoy a whole host of benefits when using your credit card abroad; it's a lot safer than carrying cash, you don't need to become familiar with the foreign coin, and you know you always have the right amount in your pocket. Selecting to pay in your home currency using DCC further adds to the benefits of using your card abroad.
The full cost of the purchase is displayed to you in your home currency so it's a lot easier to determine value for money on your purchase.
Because you are paying for the purchase in your home currency, you can be sure of the amount that will come out of your bank account rather than having to work it out in your head.
DCC allows you to keep track of the amount leaving your bank account in your home currency helping you to keep an eye on your budget and avoid any surprises when you get home.
Peace of mind on the exchange rate
When you're offered to pay in your home currency using DCC, you are guaranteed the exchange rate on the spot. However, when you pay in the local currency, your purchase could be processed by your bank at a later date when the rate is potentially less favourable to you. DCC guarantees the rate you see at the till despite any currency fluctuations.
DCC is a competitor to your bank and card issuer ensuring that they remain competitive on fees and exchange rates charged ultimately benefiting you.
You make the decision
DCC should always be offered as a choice and it is your decision to accept or decline it. The more that you understand about using your card abroad, the better informed your decision will be.