There are no products under this category.
Find out how to save money and avoid unnecessary fees on overseas purchases.
Yes, unfortunately there are.
No, it generally doesn't. Typically foreign transactions are charged a flat fee of 1-3% on the total purchase. The foreign exchange fee is typically in the range of 3%, although this varies from bank to bank.
It depends. If you are shopping from a UK online store while in Australia, then you will be charged a foreign transaction fee unless you are using a credit card with no foreign transaction fee. If you are on an overseas holiday and use a credit card that does have a foreign transaction fee, then you will be charged for any foreign transactions made while abroad. So, it really depends on the card you have.
It's important to note that if you are purchasing something overseas or buying from an overseas e-commerce store, you may still be charged a foreign exchange fee.
No. These are two separate fees. Not all banks charge both.
Check what you would be charged for either because it is possible that a no foreign transaction fee card may still charge a foreign currency exchange fee.
Even if a no foreign transaction fee card did charge a foreign exchange fee, it would still be cheaper than a card that levied fees on both.
The foreign transaction fee is a fee that some banks apply to each individual purchase made where the purchase is made overseas, i.e. outside Australia. The fee itself is typically worked out as a percentage of the purchase. It is usually around 2-3%.
This works out to be extremely expensive and should be avoided unless absolutely necessary.
At Finty we want to help you make informed financial decisions. We do this by providing a free comparison service as well as product reviews from our editorial staff.
Some of the products and services listed on our website are from partners who compensate us. This may influence which products we compare and the pages they are listed on. Partners have no influence over our editorial staff.
Finty members get
I don't want rewards
I want rewards
Disclaimer: You need to be logged in to claim Finty Rewards. If you proceed without logging in, you will not be able to claim Finty Rewards at a later time. In order for your rewards to be paid, you must submit your claim within 45 days. Please refer to our T&Cs for more information.
Join more than 28,000 Australians and get your score today.
Join thousands of Aussies already using Kickback.com.au
From Dan Murphy's and The Good Guys to Catch and Petbarn.
When your friends sign up, you both get up to $10 into your Kickback accounts.
Extra cash bonuses mean you earn quicker than anywhere else.