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Do you have a trip planned abroad and are wondering whether your credit card can be used there? If you are going to travel to another country, this is an important question to ask yourself. If you intend to travel to another country, bringing a credit card may be a wise decision. When using your credit card outside of the country, it’s not the same as when using it inside the United States. Before you use your credit card abroad, it’s important to keep a few things in mind.
In order to travel to a foreign country, it may be necessary to inform your credit card issuer. Obtaining cash at many overseas ATMs may require the use of your credit card, but there may be fees. A foreign transaction fee will be charged by a credit card issuer or bank for any transaction made in a country that is not the United States. Depending on the terms and conditions of the credit card or bank, the fees may be different.
Using a credit card abroad may be costly because most credit cards impose a foreign transaction fee up to 4% per purchase. In order to avoid these fees, it’s advisable to opt for a credit card that is more suited for overseas use instead. Here at CreditMonarch, we help individuals choose the credit card that suits them best and we believe these are the best and most popular no foreign transaction fee credit cards in 2024, check out the recommended list below.
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