WHETHER YOU'RE TRAVELING abroad or shopping online, foreign-transaction fees can take a toll when you use a credit card or debit card to make purchases with merchants outside the U.S. The fees, which many cards charge to process transactions made in a foreign currency, typically tack on an extra 3% of the purchase amount to your bill. Check your card's transaction history to review the fees, which are typically listed separately from the charges that triggered them.
Dodge fees at the register. Fortunately, you can avoid foreign-transaction fees by carrying the right cards in your wallet. A few credit card issuers, including CAPITAL ONE and DISCOVER, don't charge the fees with any of the cards they offer.
This story is from the June 2023 edition of Kiplinger's Personal Finance.
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This story is from the June 2023 edition of Kiplinger's Personal Finance.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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