A
foreign transaction refers to any financial activity or payment made between people or organizations located in different countries. It typically involves exchanging one currency for another or conducting business across borders.
Full definition
While some people might be averse to paying an annual fee, the great earnings rate and lack
of foreign transaction fees more than make up for it.
You won't
pay foreign transaction fees with this card and you'll enjoy most of the same extra protections, such car rental insurance and 24 - hour travel and emergency assistance services.
Some of our top - rated student credit cards with cash back rewards are free
from foreign transaction fees and won't charge annual fees, either.
The other drawback, and this is a big one for the jet - setting crowd, is the 3 percent fee
per foreign transaction.
On top of that, with this account, there aren't even extra charges for accessing to your debit account internationally, or any
other foreign transaction fees.
These purchases are
called foreign transactions by the card companies and can be charged a 2 % to 4 % fee for the bother of converting the currency to the appropriate form.
We've researched and assembled this guide to help consumers find answers to these questions, and better
understand foreign transaction fees and how they work.
And, of course, like all travel cards, make sure you understand any
potential foreign transaction fees that may be charged before making purchases during your semester abroad.
The one downside is that many of their cards — most, in fact, except the Platinum and Business Platinum —
levy foreign transaction fees.
If you spend a lot of money on foreign purchases, however, you may want to check into a card that doesn't
assess foreign transaction fees.
Phrases with «foreign transaction»