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A Foreign currency surcharge is a fee that major
credit card issuers are starting to charge for
certain transactions. When a credit card purchase
is made in a country different than the
cardholder’s home country, the dollar amount of
that purchase must be converted into the currency
of the cardholder’s home country. The
foreign currency surcharge is the fee
associated with such currency conversion.
Sometimes the foreign currency surcharge is
charged even on purchases made in the home
currency, such as when using a major credit card
for purchases made while on cruise ships. The
foreign currency surcharge is frequently
calculated as a percentage of the purchase.
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