12 Aug 2016

Traveling to another country? Watch out for additional credit card fees!

Submitted by Wanderlust Andi

U.S. citizens should be aware of the additional fees their credit cards may rack up when used in another country (including Canada and Mexico). The two major types of fees are foreign transaction fees and currency conversion fees.

A foreign transaction fee is assessed by the credit card issuer and is usually charged as a percentage of each purchase, generally around 3%. A currency conversion fee, on the other hand, is assessed by the card’s payment processor and is, therefore, less obvious. To find out the full currency conversion fee, a traveler might have to compare their store receipt to the transaction cost on their statement.

Fortunately, there are ways to avoid these additional costs. Some credit cards do not charge foreign transaction fees, and some credit card issuers pay the currency conversion fee to the payment processor for the customer. Travelers should consult their credit card company about these fees before making international purchases. And, if you will be in another country for quite a while - be sure to shop around for a "foreign-friendly" credit card before you leave!  

Read the full article here:
What Is a Foreign Transaction Fee? #wanderlusting

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20 Apr 2015

Save your life while traveling on the road with travel accessories that are fairly cheap (under $10):

1) A door stop for extra protection against having people come into your room while you are there.

2) A multi tool - you never know what you might have to fix, and you can get what you need for a fairly cheap price.