The Visa credit card exchange rate is the percentage that Visa applies when converting U.S. dollars to a foreign currency. Visa sets a separate exchange rate for all foreign currencies, and it can change daily. Visa also has an online exchange rate calculator to keep up to date on any rate changes.
The exchange rate is automatically applied to any foreign transaction using a Visa credit or debit card. You will almost always receive a better exchange rate than you would if you were to convert cash at an international airport or hotel kiosk. And as a major global network, Visa cards are accepted in more than 200 countries and territories.
Here is how you can find the Visa credit card exchange rate:
- Visit Visa’s online exchange rate calculator.
- Enter the currency amount, bank (foreign transaction) fee, if applicable and today’s date, or earlier.
- Select United States Dollar (USD) for the Card Currency.
- Select the desired foreign transaction currency.
- Click Calculate Exchange Rates.
- You should see the foreign currency converted into U.S. dollars, including any applicable foreign transaction fees.
When making foreign transactions, you should use a Visa credit or debit card with no foreign transaction fee. This fee, generally around 3%, is tacked on to any point-of-sale purchases outside of the United States, or purchases made through an internationally-based merchant. The Capital One Venture Rewards card and the Chase Sapphire Preferred a couple of the best Visa cards with no foreign transaction fee.
You should also avoid any Dynamic Currency Conversion. This occurs when a foreign vendor will offer to convert the price of your purchase from the local currency into U.S. dollars. While this might appear to be a convenience, you should always decline. The reality is, the merchant will use a rate higher than your Visa credit card exchange rate, and pocket the difference.
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