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Credit Card Foreign Transaction Fees by samh_ Below is a summary of credit card foreign transaction fees sometimes known as “credit card foreign conversion fees” that we’ve added to the directory:
Of the credit cards that can be assessed Dynamic Currency Conversion (DCC), Capital One charged the lowest fee. American Express cards issued by American Express came in second with a low 2% transaction fee and have the advantage of not allowing DCC fees to be added. Most other cards have higher fees plus possible DCC fees. The information in this post was accurate at the time it was published, but will not be updated. Check the directory for the most current information.
3 Comments to "Credit Card Foreign Transaction Fees"
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July 24, 2006 
Great information, and a real help for travelers. I wrote about it, and linked to you, here:
http://www.flyawaycafe.com/mondays-money-saving-tips-2/
Clearly, there is much confusion and much conflicting info on this subject. On your blog site under foreign transaction fees, it is stated that Bank One charges no foreign transaction feee and waives or absorbs the VISA or MC fee. If you go to “Travel Guide for your Finances “, clickon Directory/ Foreign Fees and click on Bank One Credit Card Foreign Transaction Fees, the fees are itemized and amount to 3-8%.
You’re absolutely right, Gen. Foreign Transaction Fees can be extremely confusing. Unfortunately many credit card users have no idea how much of a fee they’re paying or that they’ve even paid a fee.
I cannot find the blog post you are referring to, but Capital One (not Bank One) is the only credit card issuer to date to absorb fees passed on by Visa and MasterCard. BankOne is now owned by Chase, so you should refer to Chase’s fee schedule for more information about their foreign transaction fees.