Credit card fees on foreign charges
So I have been doing quite a bit of international traveling, both business and personal. I am slowly finding out there is evil in credit card companies. For example, I have been using a Citi card for most of the charges. Every time the clerk swipes my card, 3% is added to the purchase amount. If I were to use an Amex, that’s an additional 2% on top of the purchase amount.
This is crazy!! It’s not like they have to do anything. When the bank receives the $$, it’s already in US$!!
In any case, here are some articles that explains the details:
- Uncovering credit card costs on foreign charges
- Look out for fees on foreign charges
- 7 rules for using your card overseas
- New credit card fees take a further swipe at dollar
There are a lot more articles on the web. You can search for it yourself.
In any case, most of these articles recommend getting a Capital One card that does not charge the extra fee. I think that’s what I’ll do and cancel the others.
Disclaimer: This is my personal blog. The opinions expressed in this blog are the views of the writer and do not necessarily reflect the views and opinions of VMware.