Does Citi Cards Have Foreign Transaction Fees? These charges may also apply to purchases made online by a merchant who is located outside of the country. When traveling internationally, you must pay a foreign transaction fee when making purchases. Can I Use My Citi Double Cash Card Abroad?Įven though the Citi Double Cash Card is not a good credit card to use abroad, it is a good cash back card. You can use your Costco Anywhere Visa® Card from Citi to make purchases abroad without paying foreign transaction fees1 thanks to the company’s no-fee foreign transaction policy. While you’re doing this, you might want to consider whether a Wise borderless account is the right fit for you. The good news is that there is a foreign transaction fee when you travel overseas. I’d also recommend the cashback offer due to the lack of an annual fee. There may even be a fee added to your account if you use a different type of payment method such as Visa or Mastercard. If you use an ATM to withdraw cash or make a purchase in a foreign country, you may be asked if you want to work in dollars or in local currency. Through Dynamic Currency Conversion (DCC) cards, you can convert funds into and out of your account at the fair mid-market rate. If you are late or have returned a payment, you will be charged $39 for it, but if you are late on your first payment, you will not be charged a fee. Transferring money by balance is charged $5 or 3% of the total, whichever is greater. For purchases with the Citi Double Cash card, an annual percentage rate of 15.94% to 25.94% is available. You should be aware of a few other fees before using the card. Foreign transaction fees on a card like the Citi Double Cash are typically 3%, which is a pretty common rate for a card like this. In 19 countries, Citigroup’s Global Consumer Banking division offers a wide range of banking services. This makes it a great choice for travelers who want to avoid paying extra fees on their purchases abroad. The answer is no – Citi Double Cash does not have any foreign transaction fees. If you’re a Citi Double Cash cardholder, you may be wondering if there are any foreign transaction fees associated with this card.
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