Are you a globetrotter who loves exploring new places? If yes, then you must be familiar with the additional charges that come with using your credit card internationally. These charges, known as international fees, can add a significant amount to your expenses. But what if you could avoid these fees? Yes, it’s possible with a credit card without international fees.
What is foreign transaction fee?
A foreign transaction fee is a charge levied by your credit card issuer when you make a transaction in a foreign currency or with a foreign merchant. This fee is usually a percentage of the transaction amount, and covers the costs involved in processing the transaction and currency conversion. If you travel frequently or make large purchases abroad, these fees can add up quickly.
Things to remember when choosing a credit card for trips abroad
When choosing a credit card for international travel, consider the following points:
- Foreign transaction fees that are low to nil
- Currency conversion rates that are competitive
- Rewards and perks that can enhance your travel experience, such as airport lounge access
- Global acceptance
- Security features such as chip technology and fraud protection, and excellent customer care service.
Choosing a credit card with no or low international fees can save you a significant amount of money. One option is the Bajaj Finserv RBL Bank credit card. Its variants offer a forex markup rate of 3.5% plus GST, which is competitive compared to many other cards.
Bajaj Finserv RBL Bank credit card benefits
The credit card benefits you stand to gain with these co-brand credit card variants include:
- Easy EMI conversion
- Emergency cash advance
- Interest-free cash withdrawal
- Annual fee waiver
- Airport lounge access for free
- Fuel surcharge waiver
- Free movie tickets and discounts on BookMyShow
- Redeemable reward points on almost every transaction
- Cashback offers and discounts on dining, travel, and groceries
So, Bajaj Finserv RBL Bank credit card is clearly more than just a great way to save when you travel abroad. This credit card offers a wide range of benefits that can help you optimise your spending and save in the long run. Sign up today!
