Citi Foreign Transaction Fee

Effective january 25 2018 citi is doing away with foreign transaction fees on international purchases made with the co branded costco anywhere visa card by citi previously the card charged foreign transaction fees of 3.

Citi foreign transaction fee. It s questionable if it s worth picking up an annual fee card just for a 0 foreign transaction fee. Citibank debit card foreign transaction fees citibank offers linked debit cards for all of its account packages. 60 000 points worth 750 in airfare which new cardholders can get by spending 4 000 within three months of opening an account. But when you spend money abroad with other citi credit cards like double cash or simplicity you ll have to pay an extra 3 on whatever you buy.

The citi double cash card charges a foreign transaction fee of 3 which is a pretty common rate for a card of this type that percentage is based on the value of each purchase in us dollars not the local currency which gives you another thing to think about. Citi s cards can cost as much as 495 a year. It also gives 3 points per 1 spent on travel purchases including purchases at gas stations among other ongoing rewards. The most common fx fee that credit card issuers tack onto your bill is around 3.

Citi has good news for select cardholders to kick of 2018. Before you start to use your credit card all day every day abroad understand how your credit card company may apply foreign transaction fees. A foreign transaction fee sometimes referred to as an fx fee is a surcharge on your bill that appears when you make a purchase that passes through a foreign bank or is in a currency other than the u s. The foreign transaction fee.

Different accounts are designed to suit different needs from basic accounts with low monthly fees to premium accounts which have strict eligibility criteria but which come with extra perks. The citi premier card has a 0 foreign transaction fee and a big initial bonus. Citi is a tpg advertising partner. We charge you an international transaction fee of 3 4 debited to your account on the transaction date of which a service and assessment fee of up to 1 1 is payable by us to visa or mastercard as applicable for any retail purchase or cash advance transaction in.

The citibank foreign transaction fee is 0 or 3 of purchases processed internationally depending on the card. International transaction fees can add up to be very costly from 1 to 1 25 each depending on the lender or a percentage of the transaction says bruce mcclary vice. Citi aadvantage platinum select world elite mastercard citi aadvantage platinum select world elite mastercard.