Travel Deal of the Day (September 13, 2010)

Are you still paying foreign currency transaction fees on your credit card?  If the answer is yes, you should not be.  On many credit cards, the credit card company charges a fee (known as a foreign currency transaction fee) when you charge expenses in a currency that is different than your home currency.  While many credit cards charge nearly 3% for this fee, there are cards that charge no fees .  If you are traveling away from your home country, you should find a card with no annual fee that does not charge a foreign currency transaction fee.  It will save you up to 3% on each of your purchases and, given than there are many options out there with no annual fee, it is a great and easy way to save money.