Citi double cash back foreign transaction fee

Citibank Cash Back Card is one of the best cashback credit cards in Singapore with up to 8% rebates for dining, groceries, and petrol if you spend at least S$800 each month. The rebates earned will automatically be credited as cashback, which is great for those looking for a fuss-free card.

Up to 8%Cash Back on Dining, Groceries & Petrol

S$80Cash Back Cap per month

Up to 20.88% savingsFrom Shell & Esso

Quick Facts

Get the maximum value by

Spending at least S$800 total per month to get maximum cash back

Good for

Individuals who mostly spend on dining, groceries, and petrol, and are in the habit of tracking their expenditure closely

Categories to maximise this card

Groceries, Petrol, and Dining

What people use it for

Daily household expenditure

Get if

You spend in these 3 categories consistently, totalling to at least S$800 per month

All Details

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It is important to understand all fees associated with the Citi Double Cash Card to help you decide if it’s the right card for you. While it doesn’t have an annual fee, the card includes balance transfer and foreign transaction fees. Keep that in mind as you weigh your options.

  • This card comes with a variable APR of 13.99%–23.99%, depending on the cardholder’s creditworthiness. This APR applies to all purchases.

  • You can receive up to 2% cash back rewards on purchases with this card. Cardholders earn 1% during purchase and another 1% upon paying for the purchase. You need to pay the minimum amount due on time for your payments to earn cash back rewards.

  • Citi double cash back foreign transaction fee

    The Citi® Double Cash Card offers a 0% APR on balance transfers for 18 months. To qualify, you need to complete the balance transfer within four months of account opening. Your regular APR will apply after the introductory period. All balance transfers on this card are subject to a $5 or 3% transfer fee — whichever is greater.

  • You will be charged a 3% foreign transaction fee whenever you use this card outside of the U.S.

How much is the Citi Double Cash foreign transaction fee?

This question is about the Citi® Double Cash Card – 18 month BT offer

Maria Adams, Credit Cards Moderator

@m_adams 04/08/22 This answer was first published on 04/09/21 and it was last updated on 04/08/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

The Citi Double Cash Card foreign transaction fee is 3%. Frequent international travelers should probably use a no foreign fee credit card instead because paying 3% on every foreign purchase will negate the rewards you could earn. The Citi Double Cash Card may not be a good credit card to use abroad, but it is one of the best cash back cards on the market.

Foreign transaction fees apply when you make purchases while traveling internationally. They can also affect purchases made online if the merchant is based abroad. Fortunately, there are plenty of cards with no foreign fee, so there’s really no reason to pay extra when making foreign purchases.

Citi double cash back foreign transaction fee

Citi® Double Cash Card – 18 month BT offer

Answer Question

People also ask

How much are Visa foreign transaction fees?

The Visa foreign transaction fee is usually either 0% or 3%, depending on which Visa credit card or debit card you have. The Visa foreign transaction fee is typically 0% on travel rewards credit cards, which are built for spending all around the world. And some credit card companies, such as Capital One, don’t charge foreign fees on any of their cards, Visa or Mastercard. But many other Visa cards come with foreign transaction fees of 1%, 2% or even 3%. read full answer

If your Visa card does have a foreign transaction fee, you’ll have to pay it any time you make a purchase from a merchant that’s based in a country other than the U.S. So that means it applies to online purchases, too.

While it’s difficult to list every Visa’s foreign transaction fee – the are a ton of Visa cards – we can go over a few popular examples.

Here are some Visa foreign transaction fees:

  • All Capital One Visa cards: $0 foreign fee
  • All USAA Visa cards: 0% foreign fee
  • All PenFed Visa cards: 0% foreign fee
  • Chase Sapphire Preferred® Card: $0 foreign fee
  • Bank of America® Travel Rewards Credit Card for Students: 0% foreign fee
  • Bank of America® Premium Rewards® credit card: 0% foreign fee
  • Chase Freedom Unlimited®: 3% of each transaction in U.S. dollars foreign fee
  • Wells Fargo Reflect® Card: 3% foreign fee
  • Credit One Bank® Platinum Visa®: 3% or $1, whichever is greater foreign fee

As you can see, there are a lot of opportunities to get a Visa card with no foreign transaction fee. That’s definitely a good idea before traveling (or shopping) abroad, since Visa is accepted just about everywhere that takes credit cards worldwide.

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What are the major credit card foreign transaction fees?

The major credit card foreign transaction fees range from 0% to 3% of each purchase processed internationally. The average credit card’s foreign fee is roughly 1.5%. Some credit card companies do not charge foreign transaction fees on any of their cards, including Capital One, Discover and USAA. Other credit card companies charge foreign transaction fees on some, or even most, of their cards. But each of the 10 largest credit card issuers has at least one credit card with no foreign transaction fees.read full answer

Here are the foreign transaction fees by credit card company:

Credit Card Company

Standard Foreign Transaction Fee

Offers Card(s) with No Foreign Transaction Fee ?

American Express

2.7%

Yes

Bank of America

3%

Yes

Barclays

3%

Yes

Capital One

0%

Yes

Chase

3%

Yes

Citi

3%

Yes

Discover

0%

Yes

Synchrony

3%

Yes

USAA

0%

Yes

Wells Fargo

3%

Yes

Issuers charge foreign transaction fees on purchases made outside the U.S., whether in-person or online. The fee is always a percentage of the total purchase amount. The reason credit card companies charge foreign transaction fees is to help pay for the costs of currency conversion in international purchases. It’s essential to take a no foreign transaction fee credit card when going abroad, because those charges can quickly build up.

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Does Citi card have foreign transaction fees?

What are the charges on your card for a transaction made in a foreign currency? Citi charges a foreign currency markup fee of up to 3.5%. This is a standard charge levied across the market.

Is Citi double cash actually 2 %?

The Citi® Double Cash Card – 18 month BT offer packs in up to 2% cash back on purchases (1% when you buy, 1% when you pay), which is the highest unlimited cash back rate we've come across. Plus, the card includes a long 0% intro APR for 18 months for balance transfers to help you pay off debt faster.

Does Costco credit card have foreign transaction fee?

No matter where you're traveling, you'll enjoy no foreign transaction fees on purchases. You'll earn 4% cash back rewards on eligible gas and EV charging credit card spending worldwide, including gas and EV charging at Costco, for the first $7,000 per year and then 1% thereafter.

Does Citi ThankYou preferred have foreign transaction fees?

The Citi ThankYou® Preferred Card foreign transaction fee is 3%. The Citi ThankYou® Preferred Card for College Students also has a 3% foreign fee, as do most other Citibank credit cards. Only a handful of Citi cards have no foreign transaction fee.