no international transaction fee credit card

No international transaction fee credit card plus#

No international transaction fee credit card plus#

We’ll look at a few major Malaysian banks and card networks, plus Wise as a provider with multi-currency holding accounts and no foreign transaction fees - also some low-foreign-transaction-fee options, such as ewallet, BigPay. This guide covers providers and banks which have card products without foreign transaction fees, to help you save. We all want our money to go further when we’re on vacation or when we shop online. The foreign transaction fee alone adds 150 ringgit to the total bill - and this rises to 450 ringgit in foreign transaction fees if you’re on a longer break and end up spending 15,000 MYR, for example. Say you’re on vacation, and spend 5,000 MYR in total on shopping and eating out. However, the bad news is that if your bank does use foreign transaction fees, they can be pretty steep - often around 3% of the dollar amount you spend. How much are foreign transaction fees?Īs we mentioned earlier, the good news is that not all banks and card issuers charge foreign transaction fees. The foreign transaction fee is then calculated as a percentage of the dollar amount, and also deducted from your balance (for a debit card) or added to your bill (when you spend with a credit card). When you pay in a foreign currency, you’ll usually find your spending is converted back to ringgit using the bank or card issuer’s exchange rate. If your bank or card issuer charges a foreign transaction fee, you’ll find that an extra percentage fee is added onto your bill whenever you use your credit, debit or prepaid card to spend in a foreign currency. We’ve got a few good options to consider coming up later in this article. Some banks, specialist providers and card issuers waive foreign transaction fees - and others have fairly low fees which can still make them worth considering. That means that foreign transaction fees can apply when you travel and spend or make ATM withdrawals overseas, or when you’re shopping online with retailers based overseas, and spending in foreign currencies. Go to Wise What is a foreign transaction fee?Ī foreign transaction fee is a percentage fee charged by your bank or card issuer every time you spend or make a withdrawal with your credit, debit or prepaid card, in a foreign currency. PBE Visa Signature: Credit card with cash back earning opportunities and travel perks, with a relatively low 1.25% foreign transaction fee

OCBC Premier Voyage Mastercard credit card: Exclusive metal card marketed to high net worth individuals, with no foreign transaction fees, and luxury perks and benefitsīigPay debit card: Handy currency wallet and card, with a relatively low 1% foreign transaction fee and smart budgeting tools to help you keep on top of your finances RHB multi-currency Visa debit card: Hold - and earn interest on - 16 currencies, with no currency conversion fee for supported currencies Wise international debit card: Hold and exchange 40+ currencies, spend with your card in 170+ countries, with no foreign transaction fee and currency exchange with the mid-market rate and low fees from 0.41% Key points: Best cards with no or low foreign transaction fees This guide covers all you need to know, including cards from popular Malaysian banks, as well as a couple of alternative providers which can help you save - Wise and BigPay.

Some debit cards, prepaid cards and international credit cards have low or no foreign transaction fees, which can make it easier and cheaper to spend overseas. Foreign transaction fees can add 3% or more to your bill, every time you spend with your debit or credit card - so what’s the alternative? Do you spend frequently in foreign currencies? Maybe you love to shop online with international retailers, or perhaps you’re a frequent traveller, or you’re living and working abroad.