4 ms·
In the U.S., Visa charges banks a 1% foreign-transaction fee. However most banks in turn charge their customers either 2-3% (tacking on another 1-2% themselves)
by _delirium 10y ago
In the U.S., Visa charges banks a 1% foreign-transaction fee. However most banks in turn charge their customers either 2-3% (tacking on another 1-2% themselves), or on more premium cards, eat Visa's fee and charge the customer 0%, while advertising it as a "no foreign transaction fee card".
- GreaterFool 10y agoI saw a couple of American Express cards in US with no foreign transaction fees. As an expat and nomad I really wanted to get one of them. Unfortunately no financial services in US are available no non-residents* (bank accounts, stock trading accounts, robo advisors, credit cards, etc) * please don't complain that jobs and profits are going abroad if your country won't do business with foreigners. It is often hard to order products from US because almost nobody ships abroad (Amazon does, but not all products). Anyway, this is off topic, sorry about that.
- rizwank 10y agoThey are available to non residents; but only if they were allowed to get an SSN.