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Foreign Transaction Fees

Foreign transaction fees are charges that are assessed on credit card transactions that are made in a foreign currency. Foreign transaction fees are typically a percentage of the transaction amount, and they are added to the cardholder's balance in the local currency. Continue Reading Below

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Encyclopedia Articles

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Learn About Foreign Transaction Fees

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About Foreign Transaction Fees

Foreign transaction fees are charges that are assessed on credit card transactions that are made in a foreign currency. Foreign transaction fees are typically a percentage of the transaction amount, and they are added to the cardholder's balance in the local currency. Foreign transaction fees can be a significant cost for travelers and international businesses, and they should be considered when making purchases in a foreign currency.