Thoughts on avoiding forgin transaction fees in other countries? They're brutal.
Do you guys have credit cards especially for avoiding these fees? I don't travel enough to get a new credit card just for that purpose.
Do you just bring assloads of cash? That seems dangerous and impractical. Just thought maybe a thread about avoiding letting the banks ass rape you without lube while traveling.
Raep is unavoidable. If you just use your card like normal then you get charged a foreign transaction fee, if you get money at an ATM over seas the bank sets it's own exchange rate to scrape a fee from you, if you take cash and exchange it the exchange agent sets the rate and scrapes a fee off you.
I haven't looked at the credit cards but I expect the exchange rate they set for them still is a slight advantage to the bank even if there is no per transaction fee.
It's just a cost of seeing other countries. The only real consideration in my mind is having an alternative way of accessing money incase your card gets lost/stolen.
>>1160887
>The only real consideration in my mind is having an alternative way of accessing money incase your card gets lost/stolen.
Any examples of this? What I do is bring photo copies of my cards and identification.
I bring $40 USD to exchange at the airport to cover bus/train/taxi fees into the the nearest city to find an ATM. My bank charges a percentage fee rather than a flat rate so I don't mind swiping a few times. Those Travelex places will fuck you over hard.
Some current accounts have specific offers (0% in foreign exchange fees, etc.) But you might pay for the privilege (£10 a month for that, travel insurance and other stuff here)
>>1160887
Sadly most banks won't let you get away from it. While you might not travel a lot, it could be worth it.
Honestly, I just carry a decent amount of cash and hide it on my persons. No enough that if I lose it I'm fucked but enough to tide me over for a while (but never trade at a travelex).
Same banks offer good travel deals to some customers -- do your homework.