Chip Lupo, Credit Card Writer
@CLoop
The Chase Ink Business Unlimited exchange rate is Visa’s exchange rate on the date you make a purchase, plus any foreign transaction fees. While Visa exchange rates change daily, the Chase Ink Business Unlimited foreign fee is always 3% of each transaction in U.S. dollars.
When making purchases abroad or from internationally-based merchants, you should always use a credit card with no foreign transaction fee. 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 through banks, credit unions, or airport currency exchange kiosks.
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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...
How much is the Chase credit cards foreign transaction fees?
The Chase foreign transaction fee is $0 to 3% of each transaction in U.S. dollars, depending on the specific credit card. A foreign transaction fee is a surcharge that some credit cards add to transactions processed outside of the United States. The fee applies whether you’re physically in a foreign country making a purchase or buying something online through an internationally-based merchant.
Chase Foreign Transaction Fees:
- Chase Sapphire Preferred® Card: $0
- Chase Freedom Unlimited®: 3% of each transaction in U.S. dollars
- Chase Freedom Flex® Credit Card: 3% of each transaction in U.S. dollars
- Chase Sapphire Reserve®: $0
- ...
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