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Brad Carter
Staff

Brad Carter asked 10 months ago in Credit Cards

Credit card currency conversion - how does it work?

Are there foreign exchange fees if you use your credit card overseas?

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David R Hanson
FiLife Contributor
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Yes. Generally between 1-3% of the purchase. A few issuers have charged nothing for this, even though most are themselves charged a fee themselves by the organizations they belong to (Visa International, et cetera).

Captial One did not charge this fee until recently, and it's possible that some flavors of their card product still are not passing on this fee.

Anyone who's aware of card products that do NOT charge this, please reply with what you know. Thank you!

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