It’s hard to say how much money the average American spends shopping at online sites overseas, but an online transaction at an overseas retailer is subject to Chase Freedom’s foreign transaction fee as well. Every day, the average Americans spends almost two hours shopping online, according to, and in 2019 online retail sales globally are expected to top $3 trillion. Thanks to the Internet, we can now buy goods and services online all over the world. The Chase Freedom foreign transaction fee applied across that cost means you’re paying an extra $137 for no reason, just for that one trip.Īnd it’s not just physical travel we’re talking about here. CreditDonkey reported last year that the average cost of a family holiday overseas is about $4,580. While that might not sound like much, the fee can really add up. dollars% of the price of whatever you purchase – hotel rooms, meals, transportation, souvenirs, whatever. Whip out your Chase Freedom card to pay for your expenses while you’re outside the U.S., and Chase will ding you with pay a foreign transaction fee equal to 3% of each transaction in U.S. The world is a much-smaller place these days, and people are hopping on airplanes in record numbers to venture about the world, even if it’s something as quick and simple as a long-weekend in the Caribbean. The Chase Freedom foreign transaction fee is not an insignificant matter. Taken as a whole, those are some prime benefits in the world of credit cards.īut, as I said, there is that one, glaring issue with the Chase Freedom Card…
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |