3. Exchange Currency Before TravelingĪnother way to get around paying a foreign transaction fee is to exchange currency before you leave the United States. That’s a fee you can incur from a transaction that shows you how much you’re spending abroad in your own country’s currency. ![]() Neither of these banks charge a currency conversion fee. That’s why you might want to consider opening an account with a bank that doesn’t penalize you for making purchases or withdrawing cash overseas.Ĭapital One 360 doesn’t charge its customers fees when they use foreign ATMs. These fees can add up quickly, especially if you travel abroad on a regular basis. You can also get hit with a foreign transaction fee for using your debit card while you’re visiting another country. Open a Bank Account That Doesn’t Charge Foreign Fees Before you apply for another credit card, however, it’s important to think about how it might affect your credit score. ![]() ![]() You can be charged an international transaction fee while you’re shopping domestically if the merchant who processes your transaction is based in a foreign country. Many major credit card issuers offer these kinds of cards, including Chase, Capital One and Discover.Ĭredit cards without foreign transaction fees can save you money even when you’re not traveling. If you hate paying foreign transaction fees, you might want to find a credit card that doesn’t charge you for making purchases overseas. Get a Credit Card Without a Foreign Transaction Fee
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