What is the Brex Credit Card exchange rate? This question is about the Brex Corporate Card for Startups

What is the Brex Credit Card exchange rate?

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This question is about the Brex Corporate Card for Startups

Chip Lupo, Credit Card Writer

@CLoop • 01/26/23 This answer was first published on 01/26/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Brex Credit Card exchange rate is Mastercard’s exchange rate on the date you make an international purchase. Mastercard exchange rates change on a daily basis, and they update these rates each day on their website.

While credit card exchange rates normally also include foreign transaction fees, the Brex Credit Card does not charge foreign fees. This means the Brex Credit Card will save cardholders 1.53% on purchases with international merchants, compared to the average credit card offer. As long as cardholders avoid dynamic currency conversion, the exchange rates they’ll pay on international spending with this card will be much lower than those they’d get from converting cash with banks, credit unions, or airport currency exchange services.

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Does the Brex Corporate Card do a hard pull on my business credit report?

The Brex Corporate Card will not do a hard pull on your business credit report.

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What do I need to know before using my credit card abroad?

Taking the following credit-card precautions will help you save money and avoid unnecessary hassle while using your credit card abroad.

Get a no foreign transaction fee credit card. Do this before booking flights, hotels, etc. Foreign transaction fees will be assessed on any purchase made through a foreign merchant, even before you leave the U.S.
Call your credit card company. Most credit card companies require you to notify them of international travel plans. If...

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Is using a credit card internationally a good idea?

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 best currency exchange rates, and it’s a great opportunity to earn rewards.

Using a credit card internationally isn’t the same as using a credit card domestically, though. There are a...

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