Chip Lupo, Credit Card Writer
@CLoop
The Capital One Venture X exchange rate is Visa’s exchange rate on the date you make an international purchase. Visa exchange rates change on a daily basis, and they update these rates each day on their website.
Capital One Venture X does not charge foreign transaction fees, unlike most other cards. This means the Capital One Venture X will save cardholders 1.58% on purchases made abroad and through international merchants, compared to the average credit card offer.
As long as you pay with a no foreign transaction fee card and avoid dynamic currency conversion, you’ll save money on international spending with a credit card compared to using cash. You should also keep in mind that if you make a foreign transaction using your checking account, debit card, or prepaid card, the exchange rates are the same as those used for credit cards.
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People also ask
Is using a credit card internationally a good idea?
Yes, using a credit card internationally is a good idea because it’s safer, since 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.
Not all credit cards are suitable for international use, however. It’s best to use a no foreign transaction fee credit card on the Visa or Mastercard network. There are several other things you should...
read full answer by WalletHub, Financial CompanyWhat 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...
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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