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Business travellers stung by credit card fees

25/11/2011

Business travellers are being hit with significant foreign currency fees and commissions each time they travel.

Travellers are being charged $1.4 billion a year just for spending their money overseas, with foreign currency fees and other travel money charges adding hundreds of dollars to the cost of the average overseas trip.

Travellers can avoid paying unnecessary fees and charges, by following these tips:
1. Shop around for the best foreign currency rates.
2. Beware ‘commission free’ foreign currency.
3. Don’t get stung by card fees
4. Consider pre-paid travel cards
5. Don’t tap your plastic for cash if you run out

Source: Dynamic Business



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