Using a credit card in a foreign country
Wednesday, May 18, 2011
11:13 PM
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Labels: article review , card , care , credit , foreign , investopedia , tips , travel
Labels: article review , card , care , credit , foreign , investopedia , tips , travel
Nice article on investopedia. Take away:
- Use a card with little or no foreign transaction fees: E.g. that from a federal credit union (FCU). Applies only to certain FCUs though. (Please ask your bank).
- Tell the bank in advance that you will be traveling to enable foreign transactions.
- Sign receipts only in the local currency rates so that you will get the default competitive conversion rate.
- Carry an ID (passport) for validation.
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