I plan to go to Canada in a few months as a US resident, my current cards have foreign transaction fees but I've heard of some not having them, is it worth getting one just for this trip? I don't travel a lot
Worth getting a "No Foreign Transaction Fee" Card for upcoming trip?
byu/WildBanana05 inCreditCards
Posted by WildBanana05
8 Comments
Sure why not? There’s plenty of options with no annual fee so it’s not like it will cost you anything.
Grab both a credit card and debit card without foreign exchange fees. It won’t be ‘just for this trip’, you’ll probably travel more than once in a lifetime and it’s good to be prepared. Even online shopping can trigger foreign fees.
Definitely!
If you think you might be spending a few grand, look for one with a sign up bonus so you can get more bang for your buck!
Fidelity Cash Management account debit you can use any ATM globally for free. Also get a fee free credit card.
Because you’re asking this question…do you have a tendency to carry a balance on your credit card?
That is the only scenario I would say no, it’s not worth it. Getting a foreign transaction fee card is a no brainer
Just get the Wells Fargo Autograph no annual fee, no FX fee, and 3x in most of travel categories, and its Visa.
Sure unless you like paying more money for every transaction. All CapitalOne cards have no foreign transaction fees
Let’s say you spend $1000 while on this trip and your card charges a common 3%. That’s $30 in fees. Is saving $30 on vacation worth it? *Maybe*. But honestly, maybe not. If you don’t expect to do any additional international travel in the near future and you don’t expect to spend a lot on this upcoming trip, you may really not consider it worth it. If you plan on spending thousands of dollars internationally every year, it’s a no-brainer. You know your own budget best, and while this sub is generally biased in favor of maximizing every fraction of a percent, for some people it really isn’t going to add up to enough to even matter.