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Credit Card Currency Conversion Fees Will Continue

Sunday, February 21, 2010 - 7:52 AM
The new credit card law should limit many fees but it doesn't cover foreign transaction or currency conversion fee. These fees can be up to 3% of purchases when a merchant processes your credit or debit card purchase outside the US. This This NYT article looks into this issue and mentions two credit cards that are free of this fee: Capital One credit cards and the Schwab Invest First Visa.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Thursday, February 25, 2010 - 8:19 PM
Interesting article. I have Capital One and Schwab Invest First Visa cards, which I used in Canada last summer. I opened the Capital One account expressly because there was no foreign transaction fee. A table showing the current foreign transaction fees charged by all the major credit and debit card issuers would have made the article even better, however.
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AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,924
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