What is the Capital One SavorOne Student Card exchange rate? This question is about the Capital One SavorOne Student Cash Rewards Credit Card

What is the Capital One SavorOne Student Card exchange rate?

This question is about the Capital One SavorOne Student Cash Rewards Credit Card

Chip Lupo, Credit Card Writer

@CLoop • 12/21/21 This answer was first published on 12/21/21. 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 Capital One SavorOne Student 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 Capital One SavorOne Student Card does not charge foreign fees. This means the Capital One SavorOne Student Card will save cardholders 1.54% 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.

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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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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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.

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