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You can avoid foreign transaction fees
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You can avoid foreign transaction fees

Name: Peter Greenberg

Bio: Author of "Tough Times, Great Travels: The Travel Detective's Guide to Hidden Deals, Unadvertised Bargains, and Great Experiences," and travel editor for CBS News.

Advice: Because I travel so much internationally, where you get nailed is on that foreign transaction fee, which can be as much as 3 percent. So the key is to find a card that doesn't have a foreign transaction fee. And they do exist. And with the amount of travel I do, that 2.7 percent adds up in ways you can't possibly imagine. (For me, it's probably) $2,000 to $3,000 a year, if not more.

Who offered this advice: I found out about it from another traveler who saw me take out my card one day and asked, 'Have you looked at your statement lately?'


 

 

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