![]() These are fees that are imposed on transactions processed outside of the United States, which isn't a foreign currency conversion fee. A possible drawback of using your credit card to make purchases in a foreign country is the potential to incur foreign transaction fees. Credit cards also have very strong exchange rates. For example, American Express cards are accepted in over 160 countries around the world. One of the great things about credit cards is that they are accepted in nearly every country in the world. Using your credit card to make purchases outside of the United States However, you're sure to get the most competitive exchange rate. Furthermore, you bank may also impose a foreign transaction fee on purchases or withdrawals made outside the United States. Just be aware that you may be charged fees by your bank and the ATM operator. Also note that currency exchanges rarely buy or sell foreign coins, just paper bills.Īlternatively, you can obtain foreign currency by using an ATM card. Most airports are home to currency exchange companies, but you can expect these locations to charge very high commissions. Alternatively, you can exchange currency when you arrive at your destination. First, you can do so at home, by visiting an American Express Travel Service center. There are several ways to exchange your US dollars for local currency. Cash can also be necessary to pay taxi drivers or to tip service providers. For example, traditional markets are very common in many places (which are kind of like what we call flea markets), and those vendors often don't take credit cards. Even if you plan on using a credit or debit card, it's a good idea to carry some local currency with you, especially in countries where payment card acceptance isn't as universal as it is in the United States. Just like at home, the two common ways people make purchases in a foreign country are with cash or with a payment card, typically a credit or debit card. But one of the more stressful things about visiting another country is figuring out the most cost effective ways to acquire and spend the local currency. It can be lot of fun to visit a foreign country, as you can have the chance to enjoy exotic foods, see unique sites and meet people from a variety of different cultures. Check out Credit Intel, Amex's financial education center, for more personal finance content.Īny offers or benefits mentioned below are subject to change at any time, and may no longer be available. You can find current Merchant Reward Offers in the Merchant Reward Offers section of the Gemini app or online.We've partnered with American Express to bring you personal finance insights, advice and more. Once earned, most Merchant Reward Offers are applied to your account within 30 days – no further action needed. Every Merchant Reward Offer is subject to its respective terms set by the merchant, which can be accessed in the offer details. Some Merchant Reward Offers are applied automatically by using your Gemini card while others require you to tap-to-activate before making a purchase. If you have a Gemini Credit Card, you’re enrolled in Merchant Reward Offers however, you can opt out of Merchant Reward Offers at any time by calling 1-87. ![]() These Merchant Reward Offers are separate from, and in addition to, the everyday Rewards cardholders already earn when making purchases. ![]() ‡ Merchant Reward Offers is a program for Gemini Credit Card users that offers crypto back on purchases with select merchants. Subject to cardholder Terms and Conditions. Cash advance fee-either $10 or 3% of the amount of each cash advance, whichever is greater. The variable penalty APR is 34.99% and may be applied if you make a late payment or make a payment that is returned. This APR will vary with the market based on the Prime Rate. The standard variable APR for cash advances will be 30.99%. After that, your APR will vary with the market based on the Prime Rate. The standard variable APR for purchases will be between 17.99% - 29.99%, based on your creditworthiness. ![]()
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