Comments on: Foreign Currency & International Fees for Credit Cards

By: Kylie Ryan-Milroy

Kylie Ryan-Milroy — Thu, 09 Jun 2011 04:01:54 +0000

And this is why travellers should use Global Travel Cards .. We are also so ‘default position’ trained by the banks to rely on our plastic, but you pay for that convenience and often more than once ! BUT, do your homework on the Travel Cards as well as many of them (especially the banks ones still have a number of ‘fine print’ conditions on them that cost you in the end ..) One of the best is the AMEX GTC, no expiry, no ongoing fees, travel assistance included. If you can’t get any good customer service at point of sale on these (although the Post Offices sell them, many of their staff are not appropriately trained ..)

By: Rob

Rob — Thu, 09 Sep 2010 05:47:17 +0000

… and NAB – I’ve just been charged an International Transaction fee of 2.3% (they term it a “Single Currency Transaction”) for making a donation to Parkinson’s Australia via their website. NAB’s response is that Parkinsons are an “internationally-designated merchant” although you have no idea of this at time of purchase!

By: Brent

Brent — Wed, 14 Apr 2010 01:06:03 +0000

Be wary of ANZ, they changed their system in late 2009. You can get charged international transaction fees for purchases that appear to be domestic. I’ve been stung a few times with unexpected international transaction fees when purchasing in AU$ with Australian based companies (like JetStar).

By: How To Query A Transaction On Your ANZ Credit Card | Credit Card Finder

How To Query A Transaction On Your ANZ Credit Card | Credit Card Finder — Thu, 03 Dec 2009 04:20:56 +0000

[...] amount charged is different to your receipt – This can happen if the purchase was made abroad, or with an overseas merchant. Your card provider or the merchant will charge a mark-up on these transactions; which one does [...]