What is the least expensive way for an American tourist in Israel to get cash?

The options seem to be:

Debit card - but there are withdrawal fees, often 5% or more.

Credit card - but interest starts immediately when taking out cash, yet one month fee may be less than the debit card fee

Carry cash - but there is a conversion fee when changing into local currency.

What are the options to minimize fees?

Note: This question was asked in more general terms in 2011 and some relevant information is available in that question US debit/ATM card with lowest fees for travel. But even in 2011 the answer was too general, not naming specific banks or credit cards. Also, I am specifically asking about Israel, not the world, and about 2016, not 2011. So I am asking that the question be reopened.

  • 1
    There are credit cards that don't charge conversion fees. – Karlson May 1 '16 at 14:30
  • @JonathanReez That answer is quite general. I would like information specific to Israel. – Yehuda_NYC May 1 '16 at 16:50
  • @Karlson I've heard of conversion fees on purchases. Are there conversion fees on cash withdrawals as well? – Yehuda_NYC May 1 '16 at 16:52
  • @Yehuda_NYC Israel is a first-world country, so the general answer works – JonathanReez May 1 '16 at 16:58
  • @yehuda_nyc Depends. There may be interbank agreement that don't charge ATM fees. – Karlson May 1 '16 at 17:25

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