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Monday, September 7, 2009

Credit Card Fees - Overseas Transaction Charge

Many people don't think about this but there is quite a big difference between what each credit card company charges for your international purchases for example, on overseas websites. When you think about say a $1000 purchase, 3.4% is $34 and that is easy money for credit card companies.

Just to compare, here are some foreign currency conversion fee percentages for different credit cards that I know of.
  • Citibank Mastercard overseas transaction fee - 3.4%
  • American Express Platinum card overseas transaction fee - 3%
  • Woolworths Everyday Money card overseas transaction fee - increased to 3% as of Feb 2011.
Let us know if you discover other rates for other cards


  1. This comment has been removed by a blog administrator.

  2. ANZ - 3% and already high fees