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Money Girl

411 MG Why You Need a No Foreign Transaction Fee Credit Card

Money Girl

Macmillan Holdings, LLC

Entrepreneurship, Education, Investing, Business, How To

4.61.8K Ratings

🗓️ 29 July 2015

⏱️ 17 minutes

🧾️ Download transcript

Summary

Even if you're not a world traveler, you might get stuck paying foreign transaction fees on credit card purchases. Matt Schulz from CreditCards.com joins Money Girl to explain foreign fees, which types of cards you should carry when traveling, and the best no-foreign fee cards available to save money. Download the Travel Card Comparison Chart to easily find the right card for your situation. Get the Money Girl Book at http://MoneyGirlBook.com. Read the full transcript here: http://bit.ly/1K4g082

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Transcript

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0:00.0

Welcome to the Money Girl Podcast. My name is Laura Adams. I'm a personal finance expert and author helping you live rich and love the journey. Think of me as your money mentor

0:16.0

bringing you the best information, resources and tools so you can take your

0:20.8

finances to the next level.

0:22.6

To learn more about me and download two free chapters from my award-winning book,

0:26.9

Money Girl Smart Moves to Grow Rich,

0:29.1

visit LauraD Adams.com.

0:31.5

I'm really excited about today's show because I'm bringing on my friend

0:36.8

Matt Schultz, who is a credit card expert. You'll hear my interview with him in just a moment.

0:42.5

In a previous podcast, I mentioned that it's really important

0:45.5

to have a credit card that doesn't charge

0:47.8

any foreign transaction fees,

0:50.1

especially when you travel overseas. That was shown number 408 called how many credit

0:55.6

card should you have for good credit. I receive lots of emails asking for more information

1:00.8

about spending abroad and how to find the best no foreign fee card.

1:05.9

A big takeaway that I really want you to get from this show is that even if you don't plan to

1:11.4

travel, having one of these no foreign transaction fee cards is a really smart idea.

1:17.0

As we discuss in the interview, even if you buy something online in US dollars,

1:22.0

if the company uses a foreign bank, you can still

1:25.8

get hit with a foreign fee, and this has happened to me. We also discuss what types of

1:30.8

cards are accepted overseas and how to make sure you take ones that

1:34.5

incorporate the most up-to-date technology. Matt is a senior analyst for

1:39.6

Creditcards.com and he's constantly watching the industry so I immediately thought of

...

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