How much are Discover foreign transaction fees?

Question

The Discover it Miles foreign transaction fee is 0%. This means there are no extra charges when using the card for international purchases, either in person or online. Credit card foreign transaction fees range from 0% to 3%, depending on the card and issuer. Discover does not have foreign transaction fees on any of its credit cards.… read full answer

In addition to no foreign transaction fee, the Discover it Miles card comes with more features available on all Discover cards. There’s a $0 annual fee. And you get a mile-for-mile match on all the rewards you earn during the first year, on your first account anniversary.

Discover it Miles also offers 1.5 miles per $1 spent on all purchases. Miles are worth 1 cent each. You can redeem them for travel purchases such as airfare and hotel stays, as well as for cash or Amazon purchases.

Just bear in mind that Discover cards aren’t as widely accepted internationally as Visa or Mastercard.

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Answer 1 · 2019-07-26 09:04:49

Paddy Sullivan, Member

@PaddySully 07/26/19 This answer was first published on 11/25/17 and it was last updated on 07/26/19.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 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.

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).

Answer 2 · 2017-12-29 13:50:24

William Pope, Member

@william_pope_1 12/29/17 This answer was first published on 12/29/17. 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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None of the Discover cards have foreign transaction fees.

Answer 3 · 2017-12-04 17:32:44

Jack Bergen, Member

@jacky_skol 12/04/17 This answer was first published on 12/04/17. 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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If you apply for one today, it's gonna be 0 for all of them.

Answer 4 · 2018-08-16 14:08:33

Jane Wintress, Member

@jane_wintress 08/16/18 This answer was first published on 07/25/18 and it was last updated on 08/16/18.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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No, there's no foreign transaction fees for this card. So you can use it abroad without any trouble.

Answer 5 · 2019-07-10 07:47:03

binodk, Member

@binodk 07/10/19 This answer was first published on 04/14/18 and it was last updated on 07/10/19.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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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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