Studying or traveling abroad? Beware of hidden 1-3% foreign transaction fees on every purchase made outside of the US or in foreign currency. Such fees can add up quickly, making your travel more expensive.
Credit card companies and banks commonly charge these fees, although you can avoid them by picking a bank or card issuer that does not charge them, or by considering other payment or purchase options.
Many popular travel credit cards also offer the perk of having no foreign transaction fees.
My Take…
Plenty of credit and debit cards are available nowadays that offer free transaction and exchange fees. I use Schwab and it has been excellent. Revolut is also another card that comes to mind if you are in the UK.
For more details click on the link:
https://financebuzz.com/foreign-transaction-fees
