Credit cards with no foreign transaction fees If your primary credit card charges a foreign transaction fee, you may want to add a dedicated travel credit card, which usually doesn’t charge them. Issuers will typically highlight it if a card doesn’t charge foreign transaction fees. If you don’t see one listed, it likely means you don’t have to worry. You can find them on the card issuer’s website. To find out if a credit card charges a foreign transaction fee, take a look at the card’s terms. The best way to avoid foreign transaction fees is to get a credit card that doesn’t charge them. It’s typically 1% of the purchase and is usually rolled into the foreign transaction fee. Your payment processor - Visa, Mastercard, American Express or Discover – might also charge a currency conversion fee. But if you’re paying for most of a trip’s cost with your credit card, it can add up. If you’re using a card overseas to pay for the occasional souvenir, that charge may not be a big deal. You can get hit with a foreign transaction fee if you buy something online and the transaction is processed in a foreign currency.įoreign transaction fees typically range between 2% and 5% of the purchase amount, but 3% is the standard fee. You’ll typically face the fee when you’re outside of the US - but not always. What are foreign transaction fees? How do they work?Ī foreign transaction fee is charged when you buy something in a currency other than the US dollar.
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