How much does it cost to pay by credit card?
Some online stores apply a card payment fee or surcharge which you'll see at the virtual checkout. But fees from your credit card provider will only appear in your account or on your statement. There are 2 main ones to look for:
- Interest. If you carry a balance on your credit card, any shopping you do online will be charged interest. You can avoid interest charges with a 0% purchase rate offer on a new credit card, or by taking advantage of interest-free days on purchases.
- Foreign transaction fees. This is usually a 2–3% fee that's added to transactions that are made in a foreign currency or processed overseas. For example, if you buy something in US dollars or if the store you're shopping with is in the UK. Learn more about foreign transaction fees and how to avoid them in this guide.
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