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 you don’t, your account may be suspended due to suspicions of fraud. Capital One and American Express are the only major issuers that automatically detect when you’re traveling.
Know your info. Write down your account number as well as your credit card company’s phone number, and keep this information somewhere safe (not in your wallet). If your card gets lost or stolen, you’ll need both to get a replacement.
Don’t forget your ID. Some countries may require identification to authorize a U.S. credit card transaction. So don’t forget your passport when you go shopping abroad.
Pay in the local currency. Decline any merchant’s offer to convert prices into U.S. dollars. This could be a trick known as dynamic currency conversion, which merchants often use to assess high exchange rates and line their pockets.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.