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.
2007-09-11 14:49:42 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
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 --- http://www.e-wisdom.com/blog/credit-cards/faq-which-credit-cards-charge-the-lowest-fee-on-international-purchases/
2007-09-13 08:10:33 · answer #1 · answered by tw158 3 · 0⤊ 0⤋
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%.
2007-09-11 16:24:41 · answer #2 · answered by Phoenix 5 · 0⤊ 0⤋
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).
2007-09-11 15:14:17 · answer #3 · answered by Mike 7 · 0⤊ 0⤋