The first thing you’ll want to do is apply for a new credit card. See, most card issuers charge fees for overseas transactions. American Express, for example, adds 2.7 percent to every overseas transaction (up from 2 percent last summer), while Bank of America, Chase, Citibank and HSBC tack on 3 percent, according to Curtis Arnold, who runs CardRatings.com, a Web site that tracks credit card fees.
Thursday, January 29, 2009
Packing the Right Credit Card
Traveling frugally means more than just cadging free bar snacks in Bologna or hopping low-cost flights between third-tier European airports. To keep costs to a minimum, you have to plan well in advance, and that means getting your finances in order.
The first thing you’ll want to do is apply for a new credit card. See, most card issuers charge fees for overseas transactions. American Express, for example, adds 2.7 percent to every overseas transaction (up from 2 percent last summer), while Bank of America, Chase, Citibank and HSBC tack on 3 percent, according to Curtis Arnold, who runs CardRatings.com, a Web site that tracks credit card fees.
The first thing you’ll want to do is apply for a new credit card. See, most card issuers charge fees for overseas transactions. American Express, for example, adds 2.7 percent to every overseas transaction (up from 2 percent last summer), while Bank of America, Chase, Citibank and HSBC tack on 3 percent, according to Curtis Arnold, who runs CardRatings.com, a Web site that tracks credit card fees.
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