There aren’t any First PREMIER Bank credit cards with no foreign transaction fees. First PREMIER Bank credit cards charge a foreign transaction fee of 3% when cardholders make purchases while abroad or shopping online with foreign merchants.
Given that all First PREMIER Bank cards have foreign transaction fees – and so many credit cards out there do not charge them – consider getting a no foreign fee credit card from a different issuer. By doing so, you will save an average of 1.49% on each international purchase that you make, compared to the average credit card offer.
To get a First Premier Bank credit limit increase, the account needs to be open for at least 13 months and kept in good standing, with on-time bill payments and no maxed-out credit limit. Eligible First Premier cardholders may qualify for a credit limit increase upon request, though there is a fee equal to 25% of the increase amount. You can request a higher limit online or by phone.… read full answer
How to Get a First Premier Bank Credit Limit Increase
Your credit card will likely have a foreign transaction fee of around 3% if it is from Chase, PNC, Bank of America, Barclays or U.S. Bank, which charge foreign fees on most (but not all) of their cards. Your credit card will not have a foreign transaction fee if it is from Capital One, Discover, USAA, PenFed or HSBC.… read full answer
Credit Card Issuers That Do Not Charge Foreign Transaction Fees
It’s worth noting that plenty of other credit card issuers charge foreign transaction fees on only some of their cards. Among these issuers, you will find a handful of top-notch credit card offers that don’t charge foreign fees. These cards also offer above-average ongoing rewards, and require good or excellent credit for approval.
Notable Credit Cards With No Foreign Transaction Fees
It’s never a great idea to assume your credit card does not have a foreign transaction fee based on the issuer alone. So before you travel to a foreign country or make an online purchase from an international seller with your credit card, make sure you have one that won’t cost you extra every time you use it.
The First PREMIER Bank credit card exchange rate is the exchange rate quoted by Mastercard plus a foreign transaction fee of 3% of each purchase. The network’s exchange rate will vary based on the date of the purchase, and the card network that’s used will depend on which First PREMIER Bank credit card you have. The foreign transaction fee will also vary by card.… read full answer
Visa and Mastercard publish their exchange rates daily, while Discover and American Express don’t publish them at all. Some reports say that Mastercard tends to offer marginally better exchange rates than the others, but with so much volatility in the rates, this isn’t always the case. All in all, the differences in these exchange rates are negligible, and shouldn’t determine which First PREMIER Bank card you carry.
Ideally, though, you should always use a credit card with no foreign transaction fee when purchasing from international merchants. As long as you get a card with no foreign transaction fee 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 converting cash with banks, credit unions, or airport currency exchange services.
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