Foreign Transaction Fees are fees that credit card assessed when you use your credit cards overseas. It is usually 3% of the total amount charged.
- if you purchased $100, the foreign transaction fee is $3
- if you purchased $1,000, the foreign transaction fee is $30
Some credit cards charge foreign transaction fee while some credit cards do not charge foreign transaction fees.
Credit Cards that do not assess Foreign Transaction Fees
- Discover IT Credit Card
- American Express Platinum Card