Скачать или смотреть What Exchange Rate Do Credit Cards Use For Purchases? - Crazy About Credit Cards

What Exchange Rate Do Credit Cards Use For Purchases? Have you ever wondered how your credit card determines the amount you pay when making purchases in another country? In this informative video, we'll explain everything you need to know about exchange rates used for foreign transactions. We’ll cover how the payment networks, like Visa and Mastercard, set daily rates based on current market conditions, and how these rates are applied during your purchase. You’ll learn about the small markup added to the exchange rate, which is usually less than two percent, making it a competitive option for international shopping. We’ll also discuss foreign transaction fees that many credit cards charge, typically between one and three percent, and how these fees can add up. Additionally, we’ll warn against the common mistake of opting to pay in your home currency at the point of sale, known as Dynamic Currency Conversion, which often results in less favorable rates. Understanding these details can help you plan better and save money when traveling or shopping online internationally. We’ll share tips on choosing credit cards that waive foreign transaction fees and how to check current rates before making purchases abroad. Whether you're a frequent traveler or someone who shops internationally, this video will help you make smarter financial decisions. Subscribe for more helpful tips on managing your credit cards and saving money on global transactions.

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About Us: Welcome to Crazy About Credit Cards! Our channel is dedicated to simplifying your credit card journey, whether you're a beginner or looking to maximize your rewards. We cover everything from Credit Card Basics and types of Credit Cards like Rewards, Cash Back, and Travel Credit Cards, to essential topics like Credit Card Interest Rates and how to Build Credit using these financial tools. We'll also discuss Balance Transfer and Secured Credit Cards as well as explain any Credit Card Fees you may encounter along the way.