Experts share best credit card advice
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?'
Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.