Credit Card Forum
  1. #1
    Amydodger
    Amydodger is offline
    Green Member
    Join Date
    Nov 2010
    Location
    KY
    Posts
    1

    Default Discover Card Foreign Transaction Fee

    Can someone please tell me what the Discover card foreign transaction fee is. I also need to know if the transaction fee is the same in all international destinations of it it's different country by country. My family is taking a trip to China and read that Discover cards are the most accepted there so we will be taking one with us. Thanks.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Nov 1, 10, 1:20 pm
  2. #2
    Mogul of Pineapples
    Mogul of Pineapples is offline
    Centurion Member Mogul of Pineapples's Avatar
    Join Date
    Jun 2008
    Location
    Smogland
    Posts
    1,399

    Default

    Last I checked the Discover card's foreign transaction fee was 2%. Most credit card companies charge a 3% fee but Capitol One charges no foreign transaction fee but like you said the benefit for Discover in China would be that it is reportedly more widely accepted there.

    Using Credit Cards In China? What You Need To Know!
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. Regardless, anything I say is my honest opinion.

    Current Cards:     American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Citi Thank You Premier
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Nov 2, 10, 5:48 pm
  3. #3
    jamar
    jamar is offline
    Green Member
    Join Date
    Nov 2010
    Location
    China
    Posts
    2

    Default

    More importantly, Discover is treated as a domestically-issued card in China. If a store tells you they don't take foreign cards, make them try. This is because they have to pay extra interchange fees to accept Visa/MC/AmEx/JCB/etc (labeled as "foreign cards") while Discover runs through the local debit/credit card network and has very low interchange fees (less than Discover charges merchants in America, which, I assume, is part of the reason they charge you that 2%). Most stores will accept cards for purchases large and small. And on the off-chance you need a cash advance (not the brightest idea, but sometimes you get backed into a corner) any ATM will work.

    (depending on where you're going, feel free to ask- I live here)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Nov 4, 10, 4:13 am
« Previous Thread | Next Thread »