International Fees For Credit Cards

Featured International Travel Credit Card

Uncover the many benefits that Citibank Clear Platinum Visa Card has in store for its members. Aside from huge amounts of shopping privileges, you have the assurance of being protected when you travel around the world. This card automatically provides International Travel Insurance and Purchase Cover Insurance to cardholders.

• $99 annual fee
• 11.99% p.a. on purchases
• 2.9% p.a. for 12 months on balance transfers
• Cash Advance Rate of 21.74% p.a.
• 55 days interest free
• Minimum Income Requirement of $35,000 p.a.
• Personal 24 Hour Concierge Service – enjoy the privilege of your own personal concierge while travelling overseas.

Read the Citibank Clear Platinum Card terms and conditions.

Credit card fees are costly but they get even more expensive when one uses their plastic overseas. Many travellers are surprised when they return to Australia and see their credit card statement. You should note these fees before you travel and account for them in your budget.

International credit card fees are some of the most expensive of card charges. if you are a traveller or if you plan to take a trip overseas it is very important that you include the cost of these charges in your budget. To do this you must make sure that you understand how you will be charged for your transactions, specifically those cash advances that are so common when one is abroad. You might also consider seeking out those cards that charge the least in service charges and exchange fees so that the added cost does not become a budget buster.

Common overseas credit card fees:

• ATM Charges – If you use an ATM overseas you can expect a charge of $5 AUD or up to 1.5% of the amount of your transaction. You should also keep in mind that as a cash advance this transaction will begin to garner interest immediately so that cost should also be included in your budget.
• Annual Fees and Interest – As you evaluate credit cards you should take these into consideration as part of your overseas travel budget. It may be worth paying a bit more in these credit card fees if it reduces the cost of ATM Charges.
• Travel Insurance – Like annual fees you should consider any travel insurance offered by your credit card company as part of your budget. Travel insurance is absolutely necessary, so you will have to add it on if you can not get it for free as a perk of your card.
• Foreign Currency Conversion Fee - When you use your credit card overseas, the amount is charged to your account in Australian dollars, so if you spend $50 in US dollars you will be charged around $80 in Australian dollars. On top of that there is a conversion fee that is a percentage of the amount you charged, if your bank charges 2.5% it will add another $2 on top of the $80 for your purchase.
• Overseas Transaction Charge- Some cards charge a 1-3% of the transaction amount fee for all services purchases, currency, and cash advances.

Credit card fees schedule:

• American Express
  • 3% foreign conversion fee
  • 3% on overseas cash advances
• ANZ
  • 2.5% foreign currency transaction
  • 4% transaction fee less the standard 1.50% cash fee plus a 2.5% foreign fee
• Bankwest
  • Visa – 2% of each transaction amount, calculated in the foreign currency
  • MasterCard – 2% for each transaction amount either in Australian or foreign currency.
• Citibank
  • MasterCard – 3.4% foreign currency exchange fee
  • Visa – 3.3% foreign currency exchange fee
  • $5 per transaction plus foreign currency exchange fees for cash advances

These are just some of the credit card fees you may be charged when you travel overseas. It is of the utmost importance that you research all of these possible charges, and ways to avoid them when you are planning your holiday or business travel budget.

Check out today's featured offers:

Westpac Low Rate	Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum
0% p.a. for 6 months on purchases & balance transfers	2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Westpac Low Rate Card - 0% Offer	A credit card with a low rate offer on both balance transfers and purchases, plus a low annual fee.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%