Do Credit Cards Charge Currency Conversion
aanand32kumar
  • Reads 3
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  • Parts 2
  • Time <5 mins
  • Reads 3
  • Votes 0
  • Parts 2
  • Time <5 mins
aanand32kumar
Ongoing, First published Mar 04
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When you use your credit card to buy things in another country, there might be extra charges called currency conversion fees. Usually, these fees are around 1-3% of what you spent, and they help cover the cost of changing the foreign money to your card's regular money. It's important to know about these fees because they can make your international purchases more expensive. But not all credit cards have these fees - some fancy or travel cards might give you a better deal, maybe even no fees at all. Before you use your credit card internationally, take a look at the card's rules to see if there are any extra charges. Being aware of these fees helps you make smart money choices when using your credit card in other countries.

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