Source :
Apple Intelligence :
Several credit cards offer zero foreign currency transaction fees, but this doesn’t mean you’ll get mid-market rates. While these cards may be better than miles cards, it’s important to consider the trade-offs, such as potential rewards exclusions and the need to meet minimum spend requirements.
Debit cards with zero foreign currency (FCY) transaction fees, such as the Chocolate Visa Debit Card, are a cost-effective option for overseas spending. Multi-currency debit cards, like YouTrip and Revolut, allow users to hold and spend in multiple currencies, locking in exchange rates for future use. While these cards offer competitive rates and increased spending limits, users should be aware of the immediate deduction of funds for transactions and potential delays in recovering funds from fraudulent activity.
Multi-currency debit cards are cheaper for supported currencies but offer mediocre rewards. A 3.25% FCY fee is acceptable if earning 3-4 mpd.
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