How to avoid foreign transaction fees?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
6 posts
Bryan
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How to avoid foreign transaction fees?

Postby Bryan » Mon Feb 06, 2012 12:23 pm

I'd appreciate your help finding a good cash back or rewards card that doesn't charge a foreign transaction fee or an annual fee. Thanks. Bryan


sticf
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Postby sticf » Mon Feb 06, 2012 1:25 pm

As far as I know Discover and Capital One do not charge foreign transaction fees. Of those 2 I would say Capital One is more usable because they are Visa/MC. I am sure there are other cards but w/out more information from about your spending habits I am not sure where to look.

Bryan
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Postby Bryan » Mon Feb 06, 2012 2:30 pm

Thanks for the tip. I'll see what Capital One has to offer. Bryan

randeman
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Postby randeman » Mon Feb 06, 2012 6:51 pm

It is correct that Discover does not charge foreign transaction fees. Discover also is not accepted in very many places overseas, based on my research.
Cards and Credit lines Acquired:

Escape by Discover (7.75K), Barclay Holland America Visa (7K), Macy's store card (7K), Bloomingdale's store card (2.6K), Citi Custom Credit Line (3.5K), PayPal Smart Connect credit line (2.7K), Chase Freedom Visa (5K), Chase United MileagePlus Visa (5K), Chase Sapphire Preferred Visa (6K), Amazon store card (2.2K), Lord & Taylor store card (550), Nordstrom store card (1500), Gold Delta SkyMiles from American Express (3K), Discover It (6.5K), PayPal Credit Line (1K).

Bryan
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Postby Bryan » Mon Feb 06, 2012 11:04 pm

That's been my experience too. And for that reason I decided to go with a Capital One credit card. I'll let the forum know what I think about the card once I receive and start using it. Thanks for helping me decide.

DavidNY
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Postby DavidNY » Wed Feb 08, 2012 7:50 pm

There is no foreign exchange fee for Capital One debit cards too, so one could just open a checking account there, load it, and use the debit card without the need to apply for a credit card, which aren't that special aside from having no foreign transaction fee.



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