International Credit Card Fees
June 13, 2006
When visiting Europe or other international countries, you can come home from a lovely vacation to a not so lovely credit card statement. Even if you weren’t charged extra fees on your last trip, you can be surprised at the fees most credit card users are charged now.
Over the years, banks have slowly but steadily risen the fees that they charge when you go to an overseas country. The credit card companies charge a 1% and have for a long time, but now the banks that own those companies or are partnered with them are now tacking on another 1 or even 2% extra fee.
They are taking advantage of the fact that you might not know the conversion rate in dollars, euros, pesos, etc. Even worse if a merchant is nice enough to charge you the amount in dollars instead of the local currency they could be ripping you off by overcharging you with a smile on their face.
One way to combat these fees is to call your bank and credit card company before the actual trip and talk about the international fees if there are any. Also be aware that you can try to switch card companies and find a rate that is lower or even non-existent. Some cards have no fees, it’s only a handful but you can find them.
(No Ratings Yet)
Loading ...Comments
Got something to say?
Latest Headlines
- social lending become popular among people who needs money
- Tips And Tricks For Using 0% APR Credit Cards
- Take Full Advantage Of Using 0% APR Credit Cards
- Get To Know About The True Benefits Of 0% APR Credit Cards
- What You Need to Know to Apply for a Credit Card
- How Secure Credit Cards can help Your Credit Score
- How to Avoid Credit Card Late Fees
- The Most Common Credit Card Charges and How to Avoid Them
- The Benefits of Credit Cards to Customers
- Credit card with a high APR rate
-
Resources
