Paying in local currency or Swiss francs?

Here you will find the right answers

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

When I use my credit card to pay at stores in Germany and elsewhere, some cashiers ask me if I wan to pay in Swiss francs or in the local currency. Which is the cheaper option?

 
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  • BenutzernameMoneyland User Questions
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  • Registriert seit1/27/17
  • Beiträge2142

Which makes more sense?

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
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  • Registriert seit8/4/15
  • Beiträge4017

Hi there,

As a rule, having merchants outside of Switzerland charge your credit card in the local currency is usually cheaper. The exchange rates used by merchants to convert charges to Swiss francs are often very unfavorable.

Best regards from Moneyguru

More on this topic:
Swiss Credit Cards: Foreign Transaction Fees
Credit Card Use Abroad: Which Currency to Choose?
Making Payments and Cash Withdrawals Outside of Switzerland