citi double cash foreign transaction fee

Apply for a card with no foreign transaction fees You can also convert currency at the airport should you need some last-minute funds, but remember that some airports charge a higher percentage for currency exchange. You can convert the money at your home bank or order the currency online and take it with you. Get an idea of how much cash you'll need before your trip. But also, you might find yourself in a location where credit cards aren't widely accepted. You may not want to walk around an unfamiliar place with a ton of cash. If you opt to pay with the local currency, your bank will deal with the conversion and likely give you a better rate. Can earn unlimited 2 cash back Can redeem for cash statement credit, mailed check, or bank deposit. Tip: Use one of the best credit cards for international travel when traveling abroad. The Double Cash isn’t a good option for foreign purchases because of the 3 fee. Earn bonus points after spending within the first months of account opening. Earn ThankYou Points on your travel, dining, shopping and other everyday purchases, and the points will never expire. This practice is called dynamic currency conversion. There is no annual fee but you will pay a 3 foreign transaction fee. Make purchases across the globe without foreign transaction fees when you use the Citi Premier card.

If you choose USD, the merchant decides the exchange rate, which could be inflated. That way, you're able to pay for everything using the local currency, without having to worry about vendors along your trip not accepting USD. Choosing the local currency may be the better move here. If you're using your credit card for a purchase in another country, you may be asked if you'd like to use USD or the local currency. But there are other ways to get around added fees while traveling.

The easiest way to avoid foreign transaction fees is to get a credit card that doesn't apply them, if you don't already have one. But there are issuers that do not impose foreign transaction fees on the cardmember as well. It also includes websites based outside of the U.S.įoreign transaction fees typically range from one to three percent on average. This isn't just limited to brick-and-mortar locations abroad. 2 Back is on the lower end when it comes to rewards. If you already hold the Citi Premier or Prestige card, it’s a great addition to your wallet, enhancing your ThankYou points without too much thought, if you don’t have those cards, don’t waste your sign up on this one. What is a foreign transaction fee?Ī foreign transaction fee is a charge assessed by your credit card issuer on transactions made in any currency other than U.S. The Citi Double Cash Card does have a foreign transaction fee so it’s not to be taken abroad. Foreign transaction fees, also called foreign purchase transaction fees or foreign currency transaction fees, are important to consider when using any form of electronic payment while traveling abroad.

Citi double cash foreign transaction fee