![]() ![]() That’s why foreign merchants will sometimes offer to perform a dynamic currency conversion (DCC). dollars? Not many people can do that math in real time. Remember that great new camera you bought in Tokyo? If it cost 345,199 yen, how much is that in U.S. If you’re charged a currency conversion fee, you might find that it’s 1% of the purchase with both fees combined and referred to as the foreign transaction fee. While Capital One doesn’t charge a currency conversion fee, other issuers might. With foreign transaction fees, the issuer of the credit, debit or prepaid card you use may charge a fee for purchases made abroad or online from foreign merchants.Ī currency conversion fee might be charged by the credit card or debit card payment network or ATM network for converting one currency to another. But there’s a slight technical difference. These fees are different from foreign transaction fees.Ĭurrency conversion fees can be included in foreign transaction fees. Card payment processors or ATM networks can charge currency conversion fees for converting a foreign purchase into U.S.Some credit card issuers offer products that don’t charge any foreign transaction fees.Fees typically range from 1% to 4% of the transaction price. ![]() Foreign transaction fees can vary depending on the credit card issuer and product.These surcharges are called foreign transaction fees. Some credit card issuers charge fees for credit card purchases made outside of the United States.Keep reading to learn about foreign transaction and currency conversion fees. With some credit cards, debit cards and even prepaid cards, fees may be added when you make transactions abroad or online with foreign merchants. Planning for foreign transaction and currency conversion fees on your trip? Wait, what? ![]() Getting ready to travel abroad? There’s a lot to take care of before you leave. ![]()
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