What is the Destiny Card exchange rate? This question is about the Destiny Mastercard®

What is the Destiny Card exchange rate?

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This question is about the Destiny Mastercard®

Chip Lupo, Credit Card Writer

@CLoop • 03/15/22 This answer was first published on 03/15/22. 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 Destiny Card exchange rate is Mastercard’s exchange rate on the date you make a purchase, plus any foreign transaction fees. While Mastercard exchange rates change daily, the Destiny Card foreign fee is always 1% of the transaction in U.S. dollars.

It’s best to use a credit card with no foreign transaction fee when making purchases from international merchants. As long as you have such a card and avoid dynamic currency conversion, the exchange rates you’ll pay on international spending with a credit card will be much lower than those you’d get from converting cash with banks, credit unions, or airport currency exchange services.

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What is the Mastercard exchange rate?

There’s a different Mastercard exchange rate between the U.S. dollar and approximately 150 other currencies, and they all fluctuate from day to day. You can easily see what exchange rate your transaction will have by going to Mastercard’s exchange rate calculator.

It’s very simple to use. All you have to do is put in the date, currency of the merchant, transaction amount, foreign transaction fee (if applicable) and United States Dollar (USD) as your card’s currency. Then click...

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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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