"U.S. credit cards have long offered the lowest-cost way of buying things in foreign currencies. Not so fast. Before you say buon giorno, take a look at your cardholder agreement: You'll likely see a special provision about charges for transactions that take place abroad. Take note of it. As you wander around the globe you may encounter merchants who have a new, high-tech way to get around these fees, but it's also possible you could end up paying twice."
There have been several recent changes to card holder agreements dealing with cross border credit card transactions. I use one credit card for cross border transactions on a monthly basis and I will be reviewing my statement much more closely from now on.
Comments