Maria Adams, Credit Cards Moderator
@m_adams
The Wells Fargo Platinum 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 Wells Fargo Platinum foreign fee is always 3% of the transaction.
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.
People also ask
What is the Wells Fargo Platinum credit card limit?
The Wells Fargo Platinum credit card limit was at least $1,000. It was also possible for someone to start with a credit limit well over $1,000, depending on various factors like their credit score and income. However, the Wells Fargo Platinum is no longer available for new applicants.
How to increase your Wells Fargo Platinum credit limit:
If you already have a Wells Fargo Platinum, you can ask for a credit limit increase by calling customer service at (800) 642-4720. Your odds...
read full answerIs 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 answerHow do I avoid foreign transaction fees?
The best way to avoid foreign transaction fees is to use a debit or credit card that waives foreign fees when you're traveling abroad or making online purchases from international retailers. About 25% of credit card offers don't have foreign transaction fees, so there’s no reason to pay the extra charge.
How to avoid foreign transaction fees
- Get a credit card with no foreign transaction fee
- Understand that foreign fees can...
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