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CHECK YOUR CARD'S FOREIGN TRANSACTION FEE Another consideration is whether your credit card issuer charges a foreign transaction fee — usually 1 to 3 percent of every purchase, including the 1 percent Visa or MasterCard fee that banks pass along to their customers.
Charging commission for currency exchange is no longer de rigueur just on the high street; credit and debit card providers are keeping the profits on foreign exchange rolling in by slapping a foreign transaction fee on to purchases abroad.
Some Tips A credit card that doesn't charge a foreign transaction fee will save you the most money, but even a card that carries fees is better than cash, according to Cardhub.com.
The personal finance site NerdWallet.com lists dozens of cards that do not charge a foreign transaction fee, including all of the credit cards issued by Capital One (which bucked this trend long before other banks).
There also isn't a foreign transaction fee.
Best no foreign transaction fee credit cards for 2019.
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Does your credit card charge you foreign transaction fees?
The Web site NerdWallet is another source for information about cards with no foreign transaction fees.
But in exchange for its many perks, including no foreign transaction fees, the card carries a $395 annual fee.
Credit cards that don't carry foreign transaction fees are generally the best option for spending while traveling internationally.
TO AVOID FOREIGN FEES Mr. Winship estimated that foreign transaction fees could add as much as 3 percent to the cost of goods and services purchased overseas.
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