Credit Cards
by admin on Jun.05, 2010, under Leather Credit Card Holder
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Credit Cards

What credit cards are out there that don't charge fees for using them in foreign countries?
I am going out of the United States this upcoming summer for 3 months and would like to have a credit card on me that I will be able to use in Europe without being hit with transaction fees. Does anyone know of a credit card company that issues cards without charging an exponential amount of interest or transaction fees?
Capital One issues some cards that do not charge additional fees for international transactions. Credit Unions often issue cards that do not charge international fees either.
Whatever card you travel with remember to contact the credit card issuer before you leave the USA to tell them when you are traveling and to what countries. Many issuers freeze your credit card once they start noticing foreign transactions, especially in some countries, to prevent fraud.
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World's Worst Credit Card?
does it hurt your credit to close out long standing credit cards in good standing? If so why?
I was going to consolidate two credit card onto a new lower interest card and cancel the old cards. However, I was informed that closing the old cards would not look favorably on my credit report. I thought this was strange as good credit reflects on your credit report for 10 years and keepin the old card open whould make your debt ratio higher. Can someone explain this to me?
What the other posters have told you is true. However, I personally don't believe in keeping open all credit cards just for the sake of having them.
In your case, I suggest keeping the oldest card open and closing the other. That way you keep the history and higher limit but end up with only 2 major credit cards instead of 3.

























































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