First of all, what is a foreign transaction fee – it is a fee charged by a credit card company/bank for EVERY transaction made in a country outside of the US. These fees might vary depending on the bank from 1 – 5% of the purchase amount. It might not seem like much, but adding up these fees throughout the whole time one is abroad might become very significant.
Understanding these concepts can help you gain financial advantage, pay less in interest, and get ahead in your life
By Khayriddin Muradov It’s critical for college students to better their understanding of financial literacy ideas to be prepared for the complex world out there. APR, or Annual Percentage Rate, is one such important piece of financial literacy. When making financial decisions, it is crucial to comprehend APR because of its impact on borrowing expenses …
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