Going overseas or spending on foreign websites? Who you bank with and how you pay makes a big difference in how much you spend.Know This First: The Wrong Card Could Waste $100s Every Year Our Top Ways to Save Money on Foreign Currency Transactions.Travel Money Cards vs Bank-Issued Debit and Credit Cards - What's Best?.Know This: Avoid PayPal's Poor Value Exchange Rates With One Simple Click.Revealed - The Worst Cards and Payment Methods for Foreign Currency Purchases.Credit Card and Debit card Overseas Fees by Bank.The Best Debit And Credit Card For Overseas Purchases.This step-by-step guide covers what your card currently charges you to use it on any foreign purchase, the cards and payment methods to avoid and finally a few tips to make big savings. Our Guide to Lower Overseas Credit Card Fees

If you decide to pay by PayPal, you can avoid their poor foreign exchange rates and get the best rate with your bank by following our tip to avoid PayPal fees.Picking the right card will save you money immediately - the more you spend in foreign currency, the more you will save.Best and worst way to pay - The Flight Centre Mastercard offers the cheapest overseas fee (0% on purchases), PayPal offers the worst (up to 4.5% on purchases ).The Flight Centre Mastercard has a 0% foreign currency conversion fee and is arguably one of the most attractive options currently available.For this guide, we have combined them to give one figure to make comparing simpler. Both of these fees vary per bank, meaning the total you'll pay for a purchase depends on your bank's fees. Each bank usually charges two fees 'Currency Conversion Assessment' fee and a Mastercard or Visa 'Foreign Currency margin'.Using your debit card or credit card on overseas purchases (either online or when outside of New Zealand) will cost 1.3-4.5% on top of what you spend, depending on what card you have.Credit Card and Debit Card Overseas Fee Summary

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