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.
1 comment:
Thanks for all your tips on cards with no foreign currency fee. I live in the UK - was *shocked* two months ago to see that my (American) Citibank account not only charges me a 3% fee on foreign purchases, they are NOW bumping my APR up to about 30% if I make a purchase internationally and do not pay my balance in full that month. This was hidden in fine print and although I am sputtering with outrage, this is apparently legal!
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