Friday, November 28th, 2008

What credit cards are out there that don't charge fees for using them in foreign countries?

I am going out of the United States this upcoming summer for 3 months and would like to have a credit card on me that I will be able to use in Europe without being hit with transaction fees. Does anyone know of a credit card company that issues cards without charging an exponential amount of interest or transaction fees?

Capital One issues some cards that do not charge additional fees for international transactions. Credit Unions often issue cards that do not charge international fees either.

Whatever card you travel with remember to contact the credit card issuer before you leave the USA to tell them when you are traveling and to what countries. Many issuers freeze your credit card once they start noticing foreign transactions, especially in some countries, to prevent fraud.

This entry was posted on Friday, November 28th, 2008 at 3:36 pm and is filed under Credit Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “What credit cards are out there that don't charge fees for using them in foreign countries?”

BJ B Says:
November 28th, 2008 at 9:09 pm

Capital One issues some cards that do not charge additional fees for international transactions. Credit Unions often issue cards that do not charge international fees either.

Whatever card you travel with remember to contact the credit card issuer before you leave the USA to tell them when you are traveling and to what countries. Many issuers freeze your credit card once they start noticing foreign transactions, especially in some countries, to prevent fraud.
References :

Kyle R Says:
November 28th, 2008 at 9:42 pm

MBNA Platinum Plus (Mastercard and Visa) which is now owned by bank of america states that there is only a 1% fee which is the lowest I could find. Most are 2% added onto what the percentage all ready is. I actually talked to a person online from bank of america and part of the conversation I have pasted into the know your source.
References :
Amber: Currently, the lowest fee is 1% on our American Express cards.

Amber: Please click here for information regarding our Bank of America American Express card.

you: so if I get that one then there will be an extra 1% when I use it lets say overseas then if I use it where I live?

Amber: You will be charged a 1% fee of the amount that is converted to foreign currency. The rate doesn't change.

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