foreign transaction fees

Liz Weston: Aren’t fees companies charge to use credit cards nothing but a scam? — Photo by RDNE Stock project on Pexels

Can You Kill 20% Foreign Fees on Credit Cards?

What is the real cost of foreign transaction fees? I paid $200 in hidden overseas fees in 2023, which is roughly a 20% surcharge on my $1,000 travel spend. Foreign transaction fees typically range from 1% to 3% per purchase, but when you combine them with currency conversion margins,