Subject: Credit Cards Abroad |
Hi Travelziners!
I travel abroad a fair amount, both for personal and business reasons, but something is happening that will affect my ability to do so: CREDIT CARD TRANSACTION FEES. All the Credit Card companies are adding "transaction fees", for which they do nothing, on top of the usual 1% conversion fees. The banks are then passing this on to the customer, 3% at least. (There are further twists that can add even more hidden charges, such as when a foreign merchant converts to dollars and charges you an additional "convenience" fee.) A 3% surcharge is quite a hefty addition to a traveler's budget. I have not been able to find a bank that does not do this. I would think that instead of the usual APR ploy, some bank would issue a credit card aimed at travelers. Does anyone have any ideas how to avoid the surcharge? Best regards, Mike Madison, Wisconsin |