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Currency Conversion Fee
Explanation:
Former name of the fee now known as a Foreign Transaction Fee, which is the fee that you will get assessed on the purchases that you make while traveling outside the U.S. OR while purchasing items over the Internet from merchants that are located outside the U.S.
Our Thoughts:
Example:
If your credit card has a Foreign Transaction Fee of 3 percent, and you charge $1,000 on this card while you travel outside the U.S., you will be assessed a $30 fee.