Travel Deal of the Day (February 12, 2008)

If you have used your credit card abroad recently, you may have noticed that you will have a “foreign currency conversion” fee on your card when you make purchases in a foreign currency. Most cards charge you a 3% fee for converting the amount of your purchase (designated in a foreign currency) back into US Dollars. Did you know that this fee varies from card to card? If you are anticipating traveling abroad, you should check into the fee charged by your current card. If you anticipate traveling extensively and making a large amount of charges abroad, you may also want to look into the cards that charge no foreign currency conversion fee. Use websites such as BankRate.com to find out about your options.