61 of 100 popular credit cards charge foreign transaction fees, down from 77 last year, according to a new CreditCards.com report. That illustrates an overall trend toward fewer fees: the 100 cards currently charge a total of 593 fees, down from 613 a year ago.
“Many card issuers are eliminating foreign transaction fees in an effort to win business from high-spending international travelers,” according to Matt Schulz, CreditCards.com’s senior industry analyst. “Since the typical foreign transaction fee adds $3 to every $100 spent abroad, eliminating this surcharge is a smart way for issuers to get their cards to the tops of travelers’ wallets.”
