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How to Avoid Credit Card Problems Abroad

submitted on June 13, 2011 by orangearrows in "Member's Lounge"
Lately a lot of banks have hiked their Foreign transaction fee from 3% to 4%.

LIKE many Americans who have tried to use their credit cards in Europe, Elliot E. Porter, a historian from San Francisco, has encountered his share of payment headaches. Perhaps the most aggravating occurred a few months ago at Amsterdam Centraal Station, where he learned only after waiting in line to purchase train tickets that none of his credit cards, which include a MasterCard, Visa and American Express, would be accepted. The problem? They rely on magnetic-strip technology rather than embedded microprocessor chips, which are becoming increasingly common outside the United States.

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