credit cards

Fees on foreign credit card charges


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The cost of using a credit card overseas is going up.

Several major credit card companies are charging 2 percent fees on purchases made outside the United States on top of the 1 percent currency exchange fees long levied by Visa and MasterCard.

Here's a look at the overseas fee policies of some the nation's largest credit card issuers, excluding the traditional 1 percent fees from Visa and MasterCard:

 

 

Issuer
Foreign Transaction Fees
Citibank
3%
Bank One/First Usa
2%
MBNA America
3%
Chase Manhattan
3%
Bank of America
3%
Providian
1%
Capital One
None
FleetBoston
None
Wells Fargo
3%
Wachovia
1%

American Express is not associated with Visa or MasterCard. American Express customers pay a 2-percent fee on every foreign currency transaction.

 

 

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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.

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