"read the fine print"
read the fine print
This can be risky. Many credit card companies have historically chosen an exchange rate that is most advantagous (read "profitable") to them during your billing cycle.
In a country with really bad inflation or erratic currency exchange, you could end up paying much more than you thought for that item you bought on credit.
With stable currency exchange, many credit cards will give you better exchange rates than local Postal Exchange/AmEx offices, and banks, but some credit companies will include hidden fees for exchange of currency.
read the fine print
Originally posted by allentrace
In a country with really bad inflation or erratic currency exchange, you could end up paying much more than you thought for that item you bought on credit.
With stable currency exchange, many credit cards will give you better exchange rates than local Postal Exchange/AmEx offices, and banks, but some credit companies will include hidden fees for exchange of currency.
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