Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
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At O1ne Mortgage, we prioritize consumer credit and finance education. This post aims to provide an objective view to help you make the best financial decisions. For any mortgage service needs, call us at 213-732-3074.
A foreign transaction fee is a charge you may incur when using a credit card outside the U.S. or making purchases online in a foreign currency. If you’re not mindful of these fees while traveling, your trip costs could increase quickly. Not all credit cards have foreign transaction fees, so it’s essential to know the details of your card.
Foreign transaction fees generally range from 1% to 3% of the transaction amount. While this fee might seem small, it can add up quickly. For example, if you spend $400 on various expenses during a trip and your card has a 2% transaction fee, you’ll incur an additional $8 in fees.
Some credit card fees are unavoidable, but here are three ways to avoid paying foreign transaction fees:
Whether you’re planning an overseas trip or purchasing items from a foreign website, consider which card to use carefully. A credit card without a foreign transaction fee will save you the most money. If you need assistance with your mortgage or financial planning, O1ne Mortgage is here to help. Call us at 213-732-3074 for expert advice and services.
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