Chip Lupo, Credit Card Writer
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The U.S. Bank Cash+ card 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 U.S. Bank Cash+ card foreign fee is always 3% of the transaction in U.S. dollars.
It’s best to use a credit card with no foreign transaction fee when making purchases from international merchants. As long as you have such a card 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 from converting cash with banks, credit unions, or airport currency exchange services.
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