Incorrect Credit Card Foreign Transaction Costs

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

The credit card foreign transaction costs shown in the moneyland comparison are not correct. The costs shown are double the actual foreign transaction fees.

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4016

Hi there,

The foreign transaction costs shown in the moneyland.ch credit card comparison are correct. The comparison accounts for both foreign transaction fees and the currency exchange spread (the profit which the bank makes on the currency exchange rate above the interbank rate).

In this way, the comparison provides a more accurate description of the costs of using credit cards for foreign currency transactions.

Best regards from Moneyguru

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