August is the big vacation/holiday month. It’s also a great time for credit card companies to collect fees.
One of the things that can crush your fond vacation memories is the foreign transaction fees for using your credit card overseas. The typical charge is anywhere from 1% to 3% on every transaction…which can add up quick and you may not see the full effect until after you return to find the added expense on your bill.
Nerdwallet.com has put together a really good list of credit cards that offer no foreign exchange fees, travel rewards, etc. Check it out at NerdWallet.com
For more than 23 years, Steve was an intelligence community professional who traveled and lived throughout Europe, Asia, the Middle East, Sub-Saharan Africa, and Central America. He now uses his experiences and formal training to help people overcome their reluctance to travel by giving them the solid, reliable information they can use to plan effectively, reduce risk, react to danger, and return home safe.