Foreign Transaction Fees (EXPLAINED)

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This guide discusses foreign transaction fees with credit cards. There are a lot of credit cards that do not charge you foreign transaction fees, however, certain cards, particularly cash back cards, will charge you a fee of 2.7% to 3%. But, what is a foreign transaction fee? Essentially, it is an international transaction fee for using your credit card abroad. If you travel outside the US and use your credit card, you incur a fee of about 3% with certain cards. Keep in mind that a foreign transaction fee is different from a foreign ATM fee. What Are Foreign Transaction Fees? (EXPLAINED)
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0:00 - Overview of Foreign Transaction Fees
2:00 - Who Charges FT Fees?
3:18 - Other Fees