Cryptocurrency Q&A
What is the exchange rate for credit card purchases abroad?
What is the exchange rate for credit card purchases abroad?
CryptoTrader
Tue Jan 07 2025
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6 answers
1302
I am planning to use my credit card for purchases abroad, and I want to know the exchange rate that will be applied to these transactions. How much will it cost me in my local currency when I use my card internationally?
6 answers
mia_rose_painter
Thu Jan 09 2025
Credit card networks, such as Visa, Mastercard, and American Express, are responsible for determining these conversion rates.
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Maria
Thu Jan 09 2025
They utilize interbank rates sourced from industry-standard providers on the business day preceding the transaction's processing date.
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Lucia
Thu Jan 09 2025
The exchange rate applied to credit card purchases made overseas typically falls within a range of 2-4%.
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GinsengBoost
Thu Jan 09 2025
These rates are selected to reflect the market conditions and currency fluctuations at that specific time.
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Stefano
Thu Jan 09 2025
This percentage represents the markup added by credit card companies on top of the interbank rate.
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