The Banana Republic Credit Card foreign transaction fee is 3%. This means the issuer will add a 3% surcharge anytime you use the Banana Republic Credit Card outside of the United States. The 3% fee also applies to online purchases made through an internationally-based merchant.
The Banana Republic Store Card, on the other hand, does not have a foreign transaction fee. This is because the Banana Republic Store Card doesn’t allow you to use the card for this type of transactions. Its use is restricted to U.S.-based Banana Republic, Gap, Old Navy, and Athleta stores, along with their corresponding online stores.
Alternative Credit Card Option
If you’re looking for a similar credit card that comes with a 0% foreign transaction fee, you should consider getting the Nordstrom Credit Card, instead. This card also offers a $40 Note when you make any purchase with Nordstrom, plus 1 - 2 points per $1 spent on purchases.
If you’re planning to travel overseas a lot, it would be best to get a card with a 0% foreign transaction fee. After all, vacations are expensive enough without adding an extra 3% to the price of everything. It’s also good to remember that you don’t have to travel to be charged a foreign fee. If you buy something online from a vendor in another country and get it shipped to you, foreign transaction fees apply there, too.… read full answer
If, on the other hand, you have the Banana Republic Store Card, its use will be restricted to U.S.-based Banana Republic, Gap, Old Navy, and Athleta stores, along with their corresponding online stores.… read full answer
Unlike the Banana Republic Credit Card, which requires good credit or better (a score of 700+) for good odds of approval, the Banana Republic Store Card only requires good credit or better (a score of 700+).
Yes, using a credit card internationally is the best way to go about paying for things when you’re abroad. It’s safer because you don’t have to carry as much cash, and all major credit card companies offer $0 fraud liability guarantees. Using a credit card internationally also gets you the … read full answerbest currency exchange rates, and it’s a great opportunity to earn rewards.
Here are some tips for using a credit card internationally:
Full protection from unauthorized charges: Credit cards allow you to minimize the amount of cash you carry abroad and provide the opportunity to earn rewards. They also come with $0 fraud liability.
Avoid foreign transaction fees: Many credit cards come with foreign transaction fees when you buy from internationally-based merchants. These fees are typically 1%-3% of the purchase amount. If you go abroad, you should get a card with no foreign transaction fee.
Set travel alerts: Many credit card companies ask that you set a “travel alert” before leaving the country. It’s not mandatory. But if you don’t, they might suspect that international purchases are fraud and suspend your spending privileges until you notify them otherwise.
Wider acceptance and more protection with chip cards: You’ll have a smoother experience using a credit card internationally if it’s a “chip” card. Many unmanned payment terminals abroad will not take cards that have only a magnetic stripe. And merchants may even give you a hard time if your card doesn’t have a chip.
Refuse Dynamic Currency Conversion: Choose to pay in the local currency. Merchants may offer to let you pay in U.S. dollars, a practice known as Dynamic Currency Conversion. But it’s often an excuse to use an unfair exchange rate (often as much as 7% higher) and overcharge you.
Avoid cash advances: Credit card cash advances allow you to get cash from your card’s credit line. However, cash advances are subject to hefty fees and interest rates that accrue immediately, with no grace period. So it’s best to avoid them outside of emergency use.
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