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Added July 28, 2011 from: Geoff Williams
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Answered By Geoff Williams:
First, congratulations on your trip to Europe. Now, about your question. It's such a tricky one that I think I should travel with you and explain everything. Don't worry, it won't cost you much. My kids--er, assistants--and I can fly coach.

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.

This question is about:  Capital One Credit Cards | Chase Credit Cards
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