Will I be charged extra fees for overseas purchases?

Credit card fees for overseas purchases

Your credit card may indeed charge fees for overseas purchases. What exact fees you can expect varies widely from issuer to issuer.

Before your apply for your next credit card, you should be able to find out what fees to expect if you plan to use your credit card for overseas cash advances or purchases.

You can find the information in the terms and conditions provided by the bank about the specific credit card that you are interested in. Be sure to check the terms and conditions so that you are aware up front of any fees so that you don’t get a surprise later.

What to look for:

• Foreign transaction fees
• Local exchange rate conversions
• Value Added Tax (VAT) fees

For more information, see: Credit cards and foreign transaction fees