To Top

Credit Card Fees in Foreign Countries

If you're fortunate enough to travel overseas, first check with your credit card company about any daily fees and what their policy is on the Monetary Exchange Rate. (Ex.: Some friends recently used their credit card overseas for their card's "reward" program. Upon returning home their bills started coming in, they realized for each credit card transaction overseas there was an extra fee. PLUS the monetary exchange rate varied from day to day. It might be easier to carry Traveler's Cheques and do the currency conversion upon entering each country, thereby avoiding the fees and the fluctuating exchange rate.

Ad

By Terri from NV

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

August 19, 20070 found this helpful

Also, make sure that you let your credit card company know that you are traveling so they allow charges from the different countries (or even different states!). Nothing is more aggravating that to try to buy something on vacation and have the charge denies because your company is protecting you!

Jess

Reply Was this helpful? Yes
August 29, 20070 found this helpful

I have always been under the impression that it is better to use a credit card in another country because you will always get the best exchange rate.

That's a great idea to let your credit card companies and bank (for ATM/debit cards) know if travelling overseas.

Reply Was this helpful? Yes
Ad
By guest (Guest Post)
August 30, 20070 found this helpful

Best advice I ever received is to get a Capital One CC.

No conversion fees, no nothing! All the rest charge

in varying degrees.

Reply Was this helpful? Yes
August 30, 20070 found this helpful

That also goes for your debit card as well. Our son just came back from South Korea and he was charged .25 here and there and it does add up.

Reply Was this helpful? Yes
By guest (Guest Post)
September 28, 20070 found this helpful

I have to disaqree with your advice to get traveller's cheques. I used these on my first overseas trip, and they were more trouble than they were worth, with some places flatly refusing to exchange them without proof of purchase, which I had of course, left at home. And don't get me started on the bank queues, the lower exchange rates and the fees involved on each end. My last trip overseas consisted solely of two withdrawals of a few hundred dollars each on my ATM card (just look for the Cirrus logo). The bank gave me the current daily exchange rate (higher than quoted at local exchange shops) and only cost me $4 for each withdrawal. I will never use traveller's cheques ever again.

Reply Was this helpful? Yes
Ad

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

Related Content
In This Guide
Bank Column
Saving Money on Banking
Categories
Budget & Finance Credit CardsAugust 29, 2007
Guides
Writing a check
Saving Money on Checks
A man using a tablet to pay bills with a credit card.
Paying Bills With a Credit Card
African baby in a t-shirt.
Adopting a Child from a Foreign Country
Hands using a tablet displaying the words "Online Banking"
Online Banking Advice
More
📓
Back to School Ideas!
😎
Summer Ideas!
Facebook
Pinterest
YouTube
Contests!
Newsletters
Ask a Question
Share a Post
Categories
Desktop Page | View Mobile

Disclaimer | Privacy Policy | Contact Us

© 1997-2017 by Cumuli, Inc. All Rights Reserved.

Published by .

Generated 2017/08/11 09:34:07 in 452 msecs. ⛅️️
Loading Something Awesome!