Monday, April 20, 2009

More Ways To Avoid The Foreign Currency Transaction Fee

I found another card that claims to not charge any foreign currency transaction fees.

The card is the E*Trade Rewards Platinum Visa® Card but honestly the best feature it has looks to be the fact that it does not charge you a fee when you use the card outside the U.S.

Their interest rates look reasonable (although I counted 5 different possible interest rates they could charge you), there's no annual fee, and they have some sort of rewards program that lets you trade points for free brokerage trades using E*Trade, or travel rewards.

Yawn.

Except for the fact that they do not charge a foreign currency fee, I see very little other benefits.

But I would like to support them because I still believe that more cards should drop this fee.