Avoiding high costs of credit cards on oversea transactions.

tonytran2015 35 Comments

Avoiding high costs of credit cards on oversea transactions

by tonytran2015 (Melbourne, Australia).

Click here for a full, up to date ORIGINAL ARTICLE and to help fighting the stealing of readers’ traffic.

(Blog No.33).

#credit card, #ripped off, #oversea, #purchase, #transaction

 

Have you ever felt ripped off when using your credit cards for oversea transactions?

You will get surprised when using your credit cards on oversea transactions. For each transaction, card issuers may charge you any or all of the following fees:

1. Fee for using the card outside the issuing country.

2. A separate fee for using a foreign card in the country of transaction.

3. A higher than cash price due to purchase with a credit card (about 3% to cover costs to seller).

4. A sizable profit margin on the foreign exchange rate (5% in Australia at this time of writing). I am not aware of any legal regulations to protect card users on this fat margin.

5. The card issuer has the right to view the fluctuating exchange rate for up to one year after your transaction and pick the most unfavorable time for your exchange rate and then make the bill for the transaction on that unfavorable date (as long as it is after your actual transaction and before the printing of the bill). So the bill will be dated on that unfavorable date but won’t be sent to you for a few months! The delay is due to their picking for your most unfavorable exchange rate.

You may have felt that they gave you some extra breathing space! They would say that you had been given the benefit of not having to pay for a few months.

6. Then they send the bill to you and you are given the benefit of upto 28 days interest free period to pay your total account.

If all the fees and costs from 1 to 5 outweights the benefit received in 6 (usually they do by a sizable amount) then you should better carry local currency (of visited country) to pay for your oversea transactions on the spot.

If you buy oversea goods on the internet, you should use Paypal which instantanously offers you the FINAL cost in your local currency BEFORE you make the final decision to go through with that transaction.

This is a small trick that can take care of YOUR COSTS in using your credit cards.

 

Click here for my other blogs on polymeraust100dollarsMONEY

Click here go to Divider63D400Home Page (Navigation-Survival-How To-Money).

SUBSCRIPTION: [RSS – Posts], [RSS – Comments]

MENU:  [Contents][Blog Image of Contents ][Archives ] [About]

35 thoughts on “Avoiding high costs of credit cards on oversea transactions.”

  2. Thanks for a marvelous posting! I seriously enjoyed reading it, you are
    a great author.I will make certain to bookmark your blog and will come back very soon. I want to encourage that you continue
    your great writing, have a nice morning!

    Like

  4. whoah this blog is fantastic i love studying your articles.
    Stay up the good work! You realize, many people are hunting round for this information, you could aid
    them greatly.

    Like

  5. It’s a pity you don’t have a donate button! I’d certainly donate
    to this brilliant blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account.
    I look forward to new updates and will talk about this website with my Facebook group.
    Talk soon!

    Like

  7. That is a very good tip especially to those fresh to the blogosphere.
    Simple but very accurate info… Appreciate your sharing this one.
    A must read article!

    Like

  8. I must thank you for the efforts you’ve put in penning this website.
    I’m hoping to check out the same high-grade blog posts from you in the future as well.

    In truth, your creative writing abilities has motivated me
    to get my own, personal website now 😉

    Like

  9. I thought this blog is timely and relevant.

    Thank you exceedingly for writing this trove of information; if more writers created intelligent and time-worthy
    musings, I think we’d all be in a better situation. To me, I consider it at
    truth that we might place our attention more on staying fit and eating well and
    free from being always on the computer or I-Phone screen. Go outside!!

    (and not being glued to the cell phone all
    the while, either) and living life with appreciation for the natural world,
    keeps people feeling grounded. Considering deep philosophical topics is likewise some other sort of experience that can aid us make
    the discovery of self understanding.

    Liked by 1 person

  10. I have noticed you don’t monetize your blog, don’t waste your
    traffic, you can earn extra bucks every month with very good adsense alternative for websites like yours.
    For more info search in google: blackhatworren’s strategies

    Liked by 1 person

  12. Good day! Do you use Twitter? I’d like to follow you if that would be ok.
    I’m definitely enjoying your blog and look forward to new posts.

    Like

  16. Еxcellent post.I was checking сonstantⅼү this blog and I’m impressed!
    Extremely useful information speciallʏ the last part 🙂 I care ffor such info much.
    I was seeking this partiicular info for a long timе.
    Thɑnk you and bbest of luck.

    Like

  17. I have learn a few just right stuff here. Certainly
    value bookmarking for revisiting. I wonder how a lot effort you set to create one of these magnificent informative website.

    Like

  20. I’m amazed, I must say. Rarely do I encounter a blog that’s equally educative and engaging, and let me tell you, you’ve hit the nail on the head. The issue is something which too few folks are speaking intelligently about. I’m very happy I came across this in my search for something regarding this.|

    Like

  21. you’re truly a good webmaster. The site loading pace is incredible. It seems that you’re doing any distinctive trick. In addition, The contents are masterpiece. you have performed a great job on this subject!|

    Like

  22. Howdy very cool web site!! Guy .. Excellent .. Superb .. I will bookmark your site and take the feeds also? I am satisfied to seek out numerous useful information here within the submit, we’d like work out extra strategies in this regard, thanks for sharing. . . . . .|

    Like

  24. Magnificent goods from you, man. I have understand your stuff previous to and you are just extremely fantastic. I really like what you have acquired here, certainly like what you are saying and the way in which you say it. You make it enjoyable and you still take care of to keep it sensible. I can not wait to read far more from you. This is actually a terrific website.|

    Like

  25. That is a really good tip particularly to those new to the blogosphere. Short but very precise information… Thank you for sharing this one. A must read post!|

    Like

  26. Hi there very nice blog!! Man .. Excellent .. Superb .. I’ll bookmark your website and take the feeds additionally? I am happy to search out numerous useful information here within the publish, we want develop extra techniques in this regard, thanks for sharing. . . . . .|

    Like

  27. I have learn some excellent stuff here. Certainly worth bookmarking for revisiting. I wonder how much attempt you set to create this kind of excellent informative web site.|

    Like

Comments are closed.