FlyerTalk Forums - View Single Post - USA Cards with no Foreign Transaction Fees

Dec 1, 2013, 2:16 pm

#337

Wayfahrer

Join Date: Jan 2009

Location: EU

Programs: My travel agent

Posts: 611

Probably not true:

The Capitalistic Nature of Polish ATMs
Long ago, when beginning my foreign travel career, I received some good advice.

When abroad, it's almost never beneficial to pay for anything with a credit card. When possible, use cash you pull from an ATM machine.

The logic--and it's pretty sound, goes something like this. When you charge something, your credit card will charge you the worst exchange rate that your currencies exchange during the billing period. When you pull money out of an ATM, you receive the exchange rate as it exists during the day you pull out your cash. This may seem to be a small distinction, but it can, in fact, really add up.

But can you refute it?

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