Credit card bonus for travellers
PA Wellington People who spent on credit cards while they overseas in recefit weeks will benefit from the strengthening of the dollar. The exchange rate applied to credit card purchases made overseas was fixed when the company in New Zealand got the sales docket from the country where the sale was made, said the Bankcard Associates general manager, Mr David Sherwand, yesterday. In the time it would take
fer a docket to get to New Zealand the dollar has risen substantially — a 20 per cent revaluation in the last month. This meant goods and services bought overseas would now cheaper to pay for in New Zealand dollars. On the other hand, visitors from countries such as the United States and Australia, whose currencies had weakened against the New Zealand dollar, would find their purchases more expensive, Mr Sherward said.
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Press, 16 August 1985, Page 4
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144Credit card bonus for travellers Press, 16 August 1985, Page 4
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