Going On Holiday Just Got Cheaper: New foreign exchange and cashback benefits added to Thomas Cook credit card.

The Thomas Cook Credit Card has been made even more travel friendly with the introduction of a host of extra foreign exchange benefits from May 12th, which will now make it even easier for travellers to afford their holidays.

The Thomas Cook Credit Card offers Travel Pounds at the rate of 2% on spend at Thomas Cook and 1% of spend elsewhere. They can be used to pay for extras such as airport car parking, car hire or saving towards their next holiday. In a unique development, these can now be redeemed against foreign exchange purchases at Thomas Cook. So, the Travel Pounds earned when booking a holiday this summer can be spent on buying foreign exchange for that very same trip. For example, a £1500 holiday to Turkey, booked at Thomas Cook, will earn 30 Travel Pounds, which can be converted straight into Turkish lira - enough to pay for a three-course meal for two.

In addition, to make holiday spending sweeter, all Thomas Cook Credit Card holders, whether they have purchased a holiday or not, will be able to get outstanding foreign exchange benefits:
· Customers will actually earn Travel Pounds on all foreign exchange purchases at Thomas Cook, at a rate of 2% of the transaction value
· Foreign currency purchased at Thomas Cook stores using a Thomas Cook Credit Card will not be treated as cash, so customers will not incur a cash-handling fee
· Customers will not be charged interest from the day of purchase as with other credit cards
· Customers will benefit from 0% interest for up to three months and then pay only their lower standard APR rate on any outstanding balance thereafter

Alongside these money-saving benefits, the introduction of Thomas Cook's 'Great Late Escape' campaign, which offers 1000s of great deals on family trips, hotels and flights for weekend city breaks and car hire, holidays are now an even better deal.

Mark Nancarrow, Managing Director of Financial Services at Thomas Cook, said: "We have introduced these extra foreign exchange benefits to our credit card not only to make it easier for our customers to afford their holidays, but also to actually make their holiday spending money go even further. The Thomas Cook Credit Card clearly is the best option for holiday spending this summer."

The Thomas Cook Credit Card already offers the following benefits:
· Instant decision offered on in-store Thomas Cook Credit Card applications
· Travel Pounds earned on all spend everywhere (at 1% of transaction value) and double Travel Pounds in Thomas Cook stores (at 2% of transaction value), which are redeemable against any products sold by Thomas Cook, including holidays, travel and foreign exchange products
· 0% interest for up to three months on all purchases at Thomas Cook
· Commission free and no cash-handling fee when you purchase foreign exchange at Thomas Cook
· No foreign exchange fee on purchases abroad
· No foreign exchange fee on cash withdrawals abroad (2.99% cash handling fee applies)
· No credit card fee in Thomas Cook

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