![]() Thankfully, the list of credit cards without foreign transaction fees includes some of the best travel rewards cards available to U.S. ![]() Don't pay 3% more for dinner in Plaza Real, Barcelona Overseas transaction fees are typically around 3%, so for every $1,000 you spend abroad, it will cost you roughly $30 if you use the wrong rewards card. If you plan on traveling overseas or purchasing online from an overseas vendor, you can save a small fortune by investing in a credit card that doesn’t charge foreign transaction fees. Please see our card marketplace for available offers. All information has been independently collected by AwardWallet and has not been reviewed or provided by the card issuer. Offers for the Barclaycard Arrival Plus ® World Elite Mastercard ® are not available through this site. The opinions expressed here are our own and have not been reviewed, provided, or approved by any bank advertiser. Terms Apply to the offers listed on this page. See full terms & conditions here.AwardWallet receives compensation from advertising partners for links on the blog. You’re protected if any unauthorised transactions are made on the card, regardless of where the transactions took place in a store, over the phone, online, via a mobile device or at an ATM, you will be protected. Your Latitude 28° Global card offers full protection with the Mastercard $0 liability guarantee. Of course everyone wants their card to be safe and secure whether at home or away. Choosing to pay via local currency allows you to bypass currency conversion fees entirely, so just say no – select to pay using local currency - to save more while on holiday. With the Latitude 28° Global card, you’re already avoiding the foreign transaction fee, and merchants must offer you the opportunity to state which currency you will be charged in at point of sale: your own currency or the local currency. You can be charged for both the foreign transaction fee and the currency conversion fee on the same purchase, and that can add up. While the foreign transaction fee is charged by the bank, the currency conversion fee is charged by a third party (the merchant or shop you’re in). The currency conversion fee is a term that is sometimes used interchangeably with “foreign transaction fee,” but there is a difference. Here’s a link to check the current exchange rates: Currency Conversion Fees – You also get the benefit of the Mastercard Global Exchange Rate on all your purchases when you choose to use the Latitude 28° Global card. That’s why carrying the Latitude 28° Global Platinum Mastercard is a great travel companion, because you won’t pay any overseas or foreign transaction fees on purchases! On AUD$10,000, that could save you up to $350 in fees. Some banks will even charge you a fee for an Australian dollar purchase made overseas.Įither way, you may be charged up to 3.5% of the cost of every item you buy, whether you are on holiday or on your couch. You don’t even have to physically be overseas to be charged an overseas purchase fee using your credit card online to buy something from another country in another currency can result in the fee as well. ![]() These fees are sometimes called different names, but are charged for using your credit card in a “foreign” currency. International Transaction Fees/Overseas Purchase Fees / Foreign Transaction Fees /– Here are some fees that you might not know about, but can incur with many cards. On the other hand, the right card could also have benefits that come in handy when away. In fact, you may find some credit cards impose fees that you are not charged at home. The credit card you chose to use every day in Australia may not be the best one for overseas travel. It can save you money and help you make the most of every minute of your time away. When you’re booking your snorkelling or skiing adventure, dinner out, hotels or tours, making sure the right credit card is handy on your overseas trip should be part of your planning. ![]() International travel is exciting – the chance to explore a new destination, indulge in local cuisine and become immersed in a different culture.
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