Lisa Cahill, Credit Cards Moderator
@lisacahill
The Capital One credit card exchange rate is the Visa or Mastercard exchange rate on the date a purchase is made, depending on the Capital One credit card. While credit card currency exchange costs normally include foreign transaction fees, too, none of Capital One’s credit cards have these fees. As a result, Capital One credit cards will save you around 1.57% on purchases from international merchants, compared to the average credit card offer.
Visa and Mastercard publish their exchange rates daily, while the other 2 major credit card networks don’t publish them at all. Mastercard reportedly offers slightly better exchange rates than the other networks, but with so much volatility in the rates, this isn’t always the case.
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People also ask
Can I use my Capital One credit card internationally?
Capital One issues Visa and Mastercard credit cards, which makes them great for international use, because they're accepted pretty much anywhere in the world.
Furthermore, Capital One does not charge a fee for using your credit card for foreign currency transactions.
Do all Capital One cards have no foreign transaction fee?
Yes, all Capital One cards have no foreign transaction fees. Capital One is one of several top credit card issuers that don’t charge foreign fees on any of their credit cards, along with HSBC, USAA, and PenFed.
It’s worth noting, though, that most credit cards on the market still charge foreign transaction fees. For more context, the average foreign transaction fee is about 1.57%.
If you’re interested in a credit card with a no transaction fee,...
read full answer by Maria Adams, Credit Cards ModeratorWhat is a credit card conversion fee?
A currency conversion fee is charged by your credit card’s payment network (like Visa or Mastercard) when a transaction in a foreign currency is converted into U.S. dollars. This fee is not the same as a foreign transaction fee, which is charged separately by your card issuer and often includes a markup on top of the network’s fee. While they’re sometimes bundled together, these are two distinct fees.
Many credit cards charge a foreign transaction fee...
read full answer by Jane Parker, WalletHub Credit Card AnalystDid we answer your question?
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