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Good news re: foreign transaction fees on my Visa Card

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I called today to see what Chase and Amex are currently charging on foreign transactions. Amex is 2.7% and Chase Sapphire was 3%.

However, the guy at Chase told me they just started a new "Sapphire Preferred". There is a 25,000 point bonus for newbies, and extra rebates and discounts on travel book through them, but I was mainly interested to hear there are NO foreign transaction fees.

It is $95 per year, but the first year is free. When I joked about canceling in 364 (which I might; I put it on my calendar!) days he hinted that they'll likely waive it again. I was able to change right then, so will save $30 tomorrow on a Peruvian hotel payment.

It's funny, I've been using cash more and more when overseas to avoid all the fees Maybe Visa is beginning to feel it.

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