There's a New Card in Town

I just found a very interesting article in the New York Times about being a Frugal Traveler.

This guy thought it was novel to make arrangements before planning a big trip overseas.
This is my life.

He had some interesting points, and many that those of us who live overseas have already figured out how to navigate on our own. But do check out the article at the above link.

But the best thing I took away was that Charles Schwab Bank has a Visa credit card that will allow you to make purchases overseas without that dreaded foreign currency transaction fee.

Go to their website or click here for details about the card.

This is a Visa that will let you charge all you want overseas without paying transaction fees, and it will deposit 2% of your total purchases into a Schwab One® brokerage account. I assume that you could make deposits into the brokerage account and withdraw as needed - but on the other hand - Maybe it's a good idea to have a little slush fund that's gaining interest (like a money market account). It's not like you're using your cash back credit card as your major source of income - I'm guessing that you probably won't ever miss it.

I think I will check it out. Maybe not right now since I've still got 7 credit checks on my credit reports from buying my motorcycle, but within a few months. This would be what I need to justify cutting up my Capital One credit card. The only other card that doesn't charge a foreign currency transaction fee...