NY Times: New card fees in effect abroad
A report on the fees that have been added by many card issuers for foreign currency transactions.
Despite these fees, paying with a credit card is still typically a better option for travelers making purchases abroad than using traveler's checks or exchanging cash. In some cases, withdrawing cash in the local currency from an A.T.M. might provide a slight savings, but it depends on the fees charged by your bank and the local bank ˜ and carrying a lot of cash has its own drawbacks.
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