Chip Lupo, Credit Card Writer
@CLoop
The Petal 2 Card exchange rate is Visa’s exchange rate on the date you make an international purchase. Visa exchange rates change on a daily basis, but they do not make their exchange rate public. The rates do tend to be quite low, however.
While credit card exchange rates normally also include foreign transaction fees, the Petal 2 Card does not charge foreign fees. This means the Petal 2 Card will save cardholders 1.53% on purchases with international merchants, compared to the average credit card offer. As long as cardholders avoid dynamic currency conversion, the exchange rates they’ll pay on international spending with this card will be much lower than those they’d get from converting cash with banks, credit unions, or airport currency exchange services.
Petal® 2 Visa® Credit Card
People also ask
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...
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...
read full answerShould I get a credit card or debit card for international travel?
To decide whether you should get a credit card or debit card for international travel, it's important to consider aspects like fraud protection and costs associated with purchases and cash withdrawals.
All major-issuer credit cards and debit cards come with $0 liability guarantees, meaning you won’t be held liable for any unauthorized charges. However, credit cards do make fraud easier to deal with.
Having said that, our suggestion is to use international credit cards for purchases and international debit cards for cash withdrawals...
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