Credit Card Usage Outside of the United States

In today's economy, the dollar is actually doing well. Your buying power goes a long in some countries like India, Nicaragua, South Africa, etc....as long as you are using cash.

Now, most people do not want to carry along gobs of cash for fear of being mugged. I am the same way. The better solution is credit cards, but most charge a foreign transaction fee along with giving you a bad exchange rate. The only credit card out there which does not charge a fee..........is Capitol One. Take a look at the list:

• Capital One: 0% transaction fee. (Capital One not only doesn't impose its own fee, but it also eats the 1% fee that Visa or MasterCard impose.)
• Discover: 2% transaction fee
• Iberia Bank: 2%
• American Express: 2.7%
• Bank of America: 3%
• Barclays Bank Delaware: 3%
• Chase: 3%
• Citibank: 3%
• GE Money 3%
• HSBC: 3%
• U.S. Bancorp (U.S. Bank): 3%
• Wells Fargo: 3%

Also, typically the best exchange rates are going to be found at ATMs and local changers....not the airport.

Good luck and make the most of your hard earned cash.