How to Avoid Paying International Credit Card Transaction Fees
If you can, try to use your debit card as much as possible., Use your debit card where ever possible, but make sure that the vendor runs it as a debit card and not as a credit card or you'll get charged the fee. , Visit your local bank and inquire...
Step-by-Step Guide
-
Step 1: If you can
Banks usually charge only a few dollars (if any at all) for ATM withdrawals, plus the foreign currency rate you'll get from your bank is often significantly better than what you would get at a foreign currency exchange booth. -
Step 2: try to use your debit card as much as possible.
, (Look into Discover and Capital One) , Most likely you'll get a better exchange rate than you would if you went to a foreign currency exchange booth. -
Step 3: Use your debit card where ever possible
-
Step 4: but make sure that the vendor runs it as a debit card and not as a credit card or you'll get charged the fee.
-
Step 5: Visit your local bank and inquire about applying for an international credit card that won't charge you for international transactions.
-
Step 6: Convert your money into the foreign currency prior to leaving the country.
Detailed Guide
Banks usually charge only a few dollars (if any at all) for ATM withdrawals, plus the foreign currency rate you'll get from your bank is often significantly better than what you would get at a foreign currency exchange booth.
, (Look into Discover and Capital One) , Most likely you'll get a better exchange rate than you would if you went to a foreign currency exchange booth.
About the Author
Nicole Kelly
A seasoned expert in finance and banking, Nicole Kelly combines 11 years of experience with a passion for teaching. Nicole's guides are known for their clarity and practical value.
Rate This Guide
How helpful was this guide? Click to rate: