Sep

11

Are there any credit cards that do not charge a percentage on foreign currency transactions?

Filed Under Credit 

M E asked:


Some credit cards my offer no fees but still use an inflated conversion rate of Euros into USD. I would like a credit card that will not charge me extra everytime I use it in a different country.

OMAR

Comments

3 Responses to “Are there any credit cards that do not charge a percentage on foreign currency transactions?”

  1. LUCIEN on September 14th, 2009 1:31 am

    GERRY

    Sorry to tell you this, but ALL major credit cards charge a fee for currency conversion. Way to avoid this fee: buy the actual currency you will need before you travel and pay cash. There will still be a fee when you buy currency, but it is a one time expense and there is no risk of currency fluctuation (value changing in relation to the dollar).

  2. ERWIN on September 14th, 2009 8:46 am

    BRANDEN

    I don’t think there is any credit card company that doesn’t charge foreign transaction fee. If you exchange money at the bank, there is also a transaction fee.

    Some credit cards charge less than others but they all do charge transaction fee. Amex is 1%, visa and master card are 3%.

  3. YOUNG on September 16th, 2009 9:38 pm

    DOYLE

    Capital One has some credit cards that don’t charge foreign transaction fees. This is the only credit card company that I am aware of.

    Check out this link for more info —

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