Credit Cards Are Charging Less Fees

There’s a new trend in the credit cards world, less fees. While competing for customers, credit card issuers are now eliminating fees. In a 2016 Card Fee Survey conducted by CreditCards.com, a sample of 100 widely held general-purpose cards are charging 593 fees. That’s down from 613 in their 2015 fee survey. The biggest change is in foreign transaction fees. Only 61 cards out of…

How to Avoid Foreign Transaction and ATM Fees

First, what is a foreign transaction fee? It is a fee assessed by a credit card company when a credit card is used to make a purchase in a foreign currency. These fees usually apply to credit card purchases made in foreign countries while traveling, but it can rarely happen when you make online purchases from home and it…