How to Avoid Foreign Transaction Fees
A no foreign transaction fee credit card won't charge you any extra fees when you use it to make purchases outside of the United States. The last thing you want to see when you come back from your vacation is jaw dropping bill for something you even might have not known about. But there is no need to worry about this extra fee when you have a card without foreign transaction fee. And if you find a no foreign transaction fee card that offers rewards for travelers, you can reap even more benefits.
Most travel rewards credit cards and airline co-branded credit cards feature no foreign transaction fees among other travel perks. More and more other types of cards are offering this feature and waiving foreign transaction fees, but you need to make sure you read the fine print, to make sure you don't find a surprise on your credit card bill when you get home from traveling abroad.
If travel a lot and use your credit cards to pay while you are abroad, a credit card with no foreign transaction fee is a must have for you. The common foreign transaction fee is 3% for each transaction you make. You can easily calculate how much you'll pay for a convenience of using your credit card abroad. And this is the amount you can save by simply using a no foreign transaction fee credit card.