An international transaction fee is charged to you, the consumer, by your credit card company whenever you buy something in a foreign currency. And while most of these charges are applied to travellers, they can also be added to your credit card bill when you make a purchase online from a foreign vendor.

What is international TXN fee?

A foreign transaction fee, or international transaction fee, is a 2-4% surcharge that roughly 90% of credit cards tack onto transactions processed outside of the United States. In other words, they’re in play both when you’re traveling abroad and when you’re conducting business with internationally based merchants.

Why did I get an international transaction fee?

Consumers urged to look out for unexpected international transaction fees. com.au domain name or that appear to be Australian based may process transactions overseas, meaning consumers can get charged an international transaction fee even for a purchase made in Australian dollars.

How do I avoid international transaction fees?

The easiest way to avoid a foreign transaction fee is to use a debit or credit card that waives such fees while traveling abroad. Luckily, there are plenty of credit and debit card options that offer this perk for those crossing borders.

ncG1vNJzZmivp6x7or%2FKZp2oql2esaatjZympmeZo8GtedOxpWaelZp6pLTEnKJmoaRivLbAjKGcq51drLWiwIyiqmahnqmys7rAraCoppGherXEzWadnp1f