What is a foreign transaction fee?

A foreign transaction fee is a fee associated with a credit card purchase made outside of the United States. This fee is usually between two to three percent of the total purchase. The fee is charged by the card issuer and is used to cover the costs associated with the currency exchange and other administrative costs associated with international transactions. In Texas, a foreign transaction fee will be added to any credit card purchase that is made outside of the United States. This law applies to any credit card purchase that is made outside of the United States, including online purchases. This fee does not apply to purchases made in Mexico or Canada, as they are considered part of the United States. The foreign transaction fee can be added to a credit card purchase without the cardholder being made aware of it. It is important to be aware of this fee when making overseas purchases, as it can add up if the purchase is large. While the fee is a necessary cost for international purchases, it is important to be aware of it when making a purchase. Knowing the cost of the fee can help to determine if it is worth making the purchase.

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What is a foreign transaction fee?

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