Discover - FT fees

[Red1Blue]

Does Discover charge Foreign Transaction fees ?

[Anonymous]

My understanding is there aren't any, unless that's changed recently. Of course, Discover acceptance outside the US might be questionable.

[Anonymous]

Top credit card issuers’ foreign transaction fees

Here’s a look at the standard foreign transaction fees charged by major U.S. credit card issuers. It’s important to note that many issuers waive the foreign transaction fee on certain cards, including the ones listed above. Some major issuers don’t charge foreign transaction fees on any of their cards.

American Express 2.7%
Bank of America® 3%
Barclaycard 3%
Capital One 0%
Chase 3%
Citi 3%
Discover 0%
U.S. Bank 3% (2% for transactions in U.S. dollars)
Wells Fargo 3%

https://www.nerdwallet.com/blog/top-credit-cards/no-foreign-transaction-fee-credit-card/#sthash.ofJL...

[Red1Blue]

Thanks. I am planning on using Amex PRG, CapOne and Discover during my trip to Asia. I am going to sock drawer rest of the cards.

[Anonymous]

I don't think American Express is accepted in many places in Asia, you may find a couple places randomly that accept it but 99% don't. I have friends in China and South Korea who have informed me of this when a friend asked about 3 weeks ago.

CapOne is MasterCard so should be okay.

Also Discover probably isn't accepted in many places there.

[Red1Blue]

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@Anonymous wrote:
I don't think American Express is accepted in many places in Asia, you may find a couple places randomly that accept it but 99% don't. I have friends in China and South Korea who have informed me of this when a friend asked about 3 weeks ago.

CapOne is MasterCard so should be okay.

Also Discover probably isn't accepted in many places there.

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I'll let you know next week once I am there in Hongkong.

[wasCB14]

What about the True Value Discover, or any other cobrands?

I checked the website, but to see the Schumer Box you need a customer ID.

Based on what I've heard in reference to UNFCU cards, my impression is that a card network can charge one FTF (like 1% for Visa, which the issuer may pay for the customer, either in full or possibly at a lower negotiated rate, to be able to say a card has no FTFs) while the issuer can charge an additional FTF (around 2%) or none at all.

Not sure how accurate that is.

[Anonymous]

Since Discover is both a bank and a card network they are unique in that they set their fees and can choose to offer no FTF.

However, it's going to be exceedingly difficult to find businesses abroad that will accept Discover.

[Anonymous]

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@wasCB14 wrote:

What about the True Value Discover, or any other cobrands?

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That's the last cobrand Discover you can app for. It's 3% fees. (https://d.comenity.net/truevaluediscover/common/help/ForeignTransactionsHelp.xhtml)

[Anonymous]

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@Anonymous wrote:
However, it's going to be exceedingly difficult to find businesses abroad that will accept Discover.

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You'll have better luck with Diners Club though... which is printed on the back of the Disco.