Credit card and ATM fees on travel excessive

Wizard Home Loans warned that the summer holiday season was a “fee jackpot for credit card providers”. Wizard chief Mark Bouris said “credit cards with fees for overseas purchases and ATM withdrawals will reap in tens of millions of dollars in fees from travellers in the next few months, yet it's a cost credit card users can avoid. Unbeknownst to users many credit cards charge up to 2.5 per cent of the purchase amount and $4 for each ATM withdrawal made by Australians travelling overseas.”

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