Best credit card (foreign exchange rate)

What is the best card to use buying online from overseas?

i mainly buy from the US, UK, and Germany. which card has the best exchange rates?

Comments

  • +3

    foreign exchange fee free cards are probably the first consideration
    https://www.ozbargain.com.au/wiki/cards_with_no_overseas_tra…

    After that, it is irrelevant of the branding of the card, they all use common visa/MasterCard exchange rate.

    • Thanks mate, i got the 28 degrees card. I been hearing a lot about the citibank card (Citibank Signature Visa Card)

      I am also a bit of a traveler and heard this is the best card for that

      • i think you've answered your own question.

        • +1

          also citi everyday visa debit

        • Looks like I didn't as someone suggested the bankwest zero

      • +1

        Bankwest Zero MasterCard platinum uses MasterCard rate but has benefit of travel & purchase insurances.

        28degrees pretty much same but without the complimentary insurances.

        Citibank Signature Visa IS NOT the best card for travelling. There is a 3.3% foreign transaction fee.

        You are thinking of the Citi Plus Visa DEBIT card / account. This is the card with no foreign transaction fees and used to take out your own cash. This is a DEBIT account though, not a CREDIT card.

        So for CREDIT- 28 Degrees or Bankwest Zero Platinum (no annual fee cards).

        • Thanks mate

  • With ordinary credit cards one pays about 2.5% more than the Visa/mastercard rate for currrency conversion plus an exorbitant 3% cross-border fee. I hope 28 degrees stays in business.

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