What are foreign transaction fees and how can I avoid them?
An example of an AI chatbot conversation about understanding foreign transaction fees.
What are foreign transaction fees and how can I avoid them?
Foreign transaction fees are charges that credit card companies impose for transactions made in a foreign currency or through a foreign bank. To avoid them, consider using a card that doesn't charge these fees.
Which credit cards are best for avoiding these fees?
Some of the best credit cards for avoiding foreign transaction fees include the Chase Sapphire Preferred, Capital One Venture Rewards, and the Discover it Miles card.
Are there any other ways to save money while traveling abroad?
Yes! You can save money by using local currency, avoiding airport currency exchanges, and using travel apps to find the best rates.
What should I do if I get charged a foreign transaction fee?
If you get charged a foreign transaction fee, check with your credit card issuer. Sometimes, they may waive the fee if you explain your situation.
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