![]() ![]() Many establishments frequented by tourists will offer the option of paying in your home currency. may be subject to a foreign transaction fee if your credit card has one. Types of Transactions Subject to Foreign Transaction FeesĪny purchase made at a store, restaurant or other vendor outside the U.S. Note that foreign transaction fees are charged in addition to any currency conversion fees charged and are not the same thing. For example, if you’re making a purchase in another country that is the equivalent of $100 and you pay for it with a card that has a 3% foreign transaction fee, your total cost will be $103. How To Calculate Foreign Transaction FeesĪ foreign transaction fee is typically calculated by adding the predetermined fee percentage charged by your credit card issuer to a purchase made with a foreign merchant to the cost of the original purchase. These are provided as guidelines only and approval is not guaranteed. This is just one scoring method and a credit card issuer may use another method when considering your application.
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