A Look at Fees for Overseas Credit Card Purchases

In an article titled "New Fees for Card Usage Abroad", Jane Kim writes for the Wall St. Journal about fee increases that credit card issuers are imposing on purchase transactions made while traveling abroad. She notes that American Express recently increased its fee from 2% to 2.7% and that Discover has just begun charging a 2% fee. Some issuers have also begun charging fees on purchases even when made in US dollars at overseas merchants. Kim notes that Capital One and Charles Schwab are two issuers that are not currently charging any fees on overseas purchases.