Does United Explorer Card Have Foreign Transaction Fees?
The United Explorer Card, issued by Chase, is a popular travel credit card among frequent flyers and travelers. One of the most frequently asked questions about this card is whether it has foreign transaction fees. In this article, we will delve into this topic and provide you with all the necessary information to make an informed decision.
Understanding Foreign Transaction Fees
Foreign transaction fees are charges imposed by credit card issuers on transactions made in a foreign currency. These fees are typically a percentage of the transaction amount and can vary from one card to another. While many credit cards charge a foreign transaction fee, some cards offer fee-free transactions for their cardholders.
Does United Explorer Card Have Foreign Transaction Fees?
Yes, the United Explorer Card does have foreign transaction fees. Chase charges a 3% fee on all transactions made in a foreign currency. This fee is applied to the total transaction amount, regardless of the currency used.
Alternatives to the United Explorer Card
If you are looking for a credit card that does not charge foreign transaction fees, there are several alternatives to consider. Some popular fee-free cards include:
1. Chase Sapphire Preferred Card: This card offers a generous sign-up bonus and no foreign transaction fees on purchases made abroad.
2. American Express Platinum Card: Known for its extensive travel benefits, this card also waives foreign transaction fees.
3. Capital One Venture Rewards Credit Card: This card offers a flat rate of 1.5 miles per dollar spent on all purchases, including foreign transactions.
Conclusion
While the United Explorer Card offers many benefits for frequent travelers, it is important to be aware of the 3% foreign transaction fee. If you plan to make a significant number of purchases in a foreign currency, it may be worth considering a fee-free alternative. Always read the terms and conditions of any credit card before applying to ensure it meets your specific needs.
