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Credit Card

How Do Credit Card Foreign Transaction Fees Affect You?

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Summary

The blog explains foreign transaction fees on credit cards, detailing the mark-up percentages and extra charges for overseas transactions including online purchases, ATM withdrawals, and international POS use. It highlights available fee-free options and stresses the importance of reviewing card terms. Understanding these costs is crucial for managing expenses during international travel.

Key Takeaways

  • Foreign transaction fees include currency conversion and additional charges.
  • Fees apply to online purchases, ATM withdrawals, and international POS transactions.
  • Some credit cards offer no mark-up fees for international use.
  • Comparing card terms can lead to significant savings on travel expenses.

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