One easy travel tip that can save you hundreds of dollars
May 02, 2012 by Andrew Lanier
In order to save hundreds of dollars while travelling, get another credit card. Credit card companies charge you a foreign transaction (FX) fee on every purchase you make while travelling, or for any transaction occurring outside of your home country. These fees can cost you as much as an additional 4% for every purchase!
For dental travelers in particular, who may spend multiple thousands of dollars on their dental care and travelers expenses, 4% can add up to hundreds of dollars. Visa/MasterCard charge 1% and your bank that issues your credit card can charge you an additional 1-3% on top of Visa/MasterCard’s FX fees.
For example, if you spend $10,000 while travelling, you will pay an additional $400 to your credit card company for the privilege of using your card.
Make sure that you have a credit card that doesn’t charge foreign exchange fees before you travel overseas.
Credit cards that do no charge foreign transaction fees
UK
Canada
Sadly there are no credit cards which do not charge foreign exchange fees :(
United States
- HSBC Premier credit card
- All Capital One One credit cards
- British Airways Visa Signature Card
- Hyatt Visa Card
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This article is meant for information purposes only and is not intended to be dental advice or instructions for dental diagnosis or treatment. Please consult with your dentist or a qualified dental professional before starting or changing dental treatment
