Paddy Sullivan, Member
@PaddySully
The Discover foreign transaction fee is 0%, or $0, on all cards. That means any Discover credit card you apply for now will have no foreign transaction fee, and you won’t be charged extra for making purchases that are processed internationally. Discover’s foreign fees went away in 2011, when Discover joined Capital One as the only major credit card issuers to remove foreign fees from all of their offers.
The only Discover cards with foreign transaction fees are discontinued offers issued prior to 2011. They charge 2%. You can’t get them anymore, but some people still have them.
Here are the Discover card foreign transaction fees:
|
Type of Card |
Foreign Transaction Fee |
Foreign ATM Fee |
|
Discover Credit Cards |
$0 |
$10 or 5% cash advance fee (whichever is more), plus ATM-owner surcharge (if non-Discover) |
|
Discover Debit Cards |
$0 |
$0 at Discover ATMs |
|
Discover More Card (Discontinued) |
2% |
$10 or 5% cash advance fee (whichever is more), plus ATM-owner surcharge (if non-Discover) |
|
Discover More Card – $150 Cashback Bonus (Discontinued) |
2% |
$10 or 5% cash advance fee (whichever is more), plus ATM-owner surcharge (if non-Discover) |
So if you’re in the market for a new credit card, any Discover card you get will have no foreign transaction fees. But keep in mind that Discover has far less international acceptance than Visa or Mastercard. So you could run into places abroad where you can’t use your Discover card anyway – France, for example.
Assuming Discover is accepted where you’re going, the only thing that might actually cost you more is Dynamic Currency Conversion. That’s when a merchant asks if you want to pay in the local currency rather than U.S. dollars. You should always say no to that. Most of the time, you’ll get ripped off with high exchange rates.
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William Pope, Member
@william_pope_1
None of the Discover cards have foreign transaction fees.
Jack Bergen, Member
@jacky_skol
If you apply for one today, it's gonna be 0 for all of them.
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Jane Wintress, Member
@jane_wintress
No, there's no foreign transaction fees for this card. So you can use it abroad without any trouble.
binodk, Member
@binodk
I want to use that card in Nepal. Can I use it there? How much is the foreign transaction fee per month?
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Damien Glostonberry @DGlostonberry
Literally made an account just to say/clarify this: VERY helpful comment overall, but the last paragraph needs clarity. ALWAYS pay in LOCAL currency when asked. Dynamic Currency Conversion at the point of sale will almost always without a doubt be a higher rate than your bank would charge you (the terminal rate will have a higher "spread") plus they will almost always charge you a fee on top of that. If you pay in local currency, your bank gives you their rate (or takes a tiny spread profit) and then you're done. When you convert at the terminal, there are more middle-men and they charge a fee for this service. Think of it from this perspective: if you were running a business in the US, would you rather have customers pay in USD or in a foreign currency? There's an extra headache involved when a customer pays in a currency other than the local one. I don't know the rules about posting links here, but a quick google search of "Should I pay in local currency or USD" should provide enough information. (The 1 exception is when paying with a credit card that charges a foreign transaction fee, if any only if that fee is higher than the ~3% typically charged by Dynamic Currency Conversion). ALWAYS PAY IN LOCAL CURRENCY for the best rates (when using a card with no foreign transaction fees).