Q: I am traveling to Europe and want to minimize fees while using my credit card. Which one is the best?
No? OK, well, as my luck would have it, anyway, it's not such a tricky question. The most egregious fee you'll come across when you travel aboard with credit cards is the foreign transaction fee. It's often around 1 to 3 percent of every purchase you make. So if you end up spending $5,000 on a trip to Europe, and you put it all on your credit cards, you're really probably going to wind up spending $5,150. And, of course, you always want to watch for annual fees--you might find a card that lacks the foreign transaction fee but has such a high annual fee that you still wind up feeling like you've lost out by getting the card.
Fortunately, quite a few credit cards have been dropping that foreign transaction fee and many cards offer an introductory $0 annual fee for the first year.
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