fee is perfectly legal, but more and more credit card companies are now eliminating it, since informed travelers choose credit cards that do not charge foreign transaction fees. Unfortunately, those cards have done a disappearing act. A common foreign transaction fee is around 3 of the total foreign purchase, and there is no limit as to how much can be charged. Credit Card Issuers That Have No Foreign Currency Transaction Fees. Foreign transaction fees are widely unpopular, especially with travelers frequently paying their foreign expenses with credit cards. If youre looking to improve your credit, check out some of our helpful tips. If youre curious to know more, read our detailed review here).
Best, no, foreign, transaction, fee, credit, cards 2018
However, there are plenty of no foreign transaction fee credit cards that do not charge an annual fee; here is a sampling of those cards. Youll even do better than you would at those discount foreign currency exchange places and you dont have to make an extra trip. A combination of cards could offer the perfect umbrella of benefits for the frequent traveler. List of Credit Card Foreign Transaction Fees Sorted From Lowest to Highest. That said, you can set yourself a reminder and call once a year in November to request an actual cash statement credit that will show up in January. Banks and card issuers that issue Visa and Mastercard also tack on their own additional transaction fee to the total - usually another. This card even gives you a 25 cash bonus and a 2 return on any Rogers bills (Fido and chatr included) you charge to the card.