08/02/2010
Taking a credit card overseas is a very expensive way of shopping in another country. Credit cards can be surprisingly expensive with exhorbitant foreign ATM withdrawal and transaction fees plus foreign exchange charges quickly eating into tight holiday budgets.
For example, taking a Bank of Queensland credit card shopping overseas will cost $4 each time a withdrawal or purchase is made. For a cash advance in another country, Bank of Queensland cards also charge a 1.5 per cent overseas withdrawal fee and 3 per cent foreign currency conversion charge. That equals about $13.00 in fees for making a $200.00 withdrawal overseas.
A Commonwealth Bank credit card can charge more than $13 for the same transaction, ANZ more than $10 while a Suncorp credit card charges $10.00. A Westpac card would charge about $10.50 while NAB cards charge up to $9.
Source: Courier Mail
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Credit Cards
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| Institution Title |
Product Title |
Rate (%) |
Apply Button |
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Community First Visa Credit Card |
10.50 |
|
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SCU Low Rate Visa Credit Card |
10.64 |
Apply |
|
Bankwest Lite MasterCard |
10.75 |
Apply |
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Heritage Visa Classic No Frills |
11.30 |
|
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Newcastle Permanent Value+ |
11.34 |
|
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Members Equity MasterCard |
11.49 |
Apply |
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Teachers Credit Union Credit Card |
11.50 |
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