Consumer champion Martin Lewis was recently awarded an OBE in the Queen’s Birthday honours list, but he was back in the ITV This Morning studios to tell people how to make further savings on their holiday spending this summer.

Martin says: “When you spend abroad, you want to pay for what you buy. Yet most people also pay for what they pay to buy. To show the extent of this, here’s how much spending €1000 cost last week in pounds:

– Spend using specialist credit card: £800
– Via UK’s cheapest bureau, need to pick up in London: £804
– Change money at the Post Office: £829
– Spend on debit card from hell (40 transactions): £882
– Change at airport (Heathrow T1 Travelex, not pre-ordered): £890

That’s why I have a specialist overseas credit card, which gives me the best exchange rates in every country, every time. But as these cards are only really worth it overseas and not in the UK, they sit in m travel wallet waiting till I go away.

Most credit and debit cards add a 3% load, so spend £100 of euros and it costs £103. Yet a few specialist (no annual fee) credit cards are load-free worldwide, so £100 of euros costs £100. It means you get the same, near-perfect rate as the banks, every time and everywhere you use them. This smashes every other method, including top bureaux de change.”