No Foreign Transaction Fee = Why I Still Love My Schwab Invest First Credit CardPosted by Cap on May 7, 2010 |
Despite the fact that FIA (formerly MBNA, now owned by Bank of America), told me to bend over as they slashed my credit limit on my Schwab credit card, I still prefer to use the Charles Schwab credit card as my primary transaction card. It’s simply too hard to ignore the 2% cash back on any purchases, plus there’s the absolutely zilch foreign transaction fee when you use the card while traveling abroad.
While in Italy last month, I extensively used this credit card along with my Schwab debit card as my traveling pals and I roam around tourist traps in a decisively awesome country:
As you can see above, had the Schwab credit card emulated other Visa, MasterCard, and American Express credit card’s usual 3% foreign transaction fee, my traveling cost would have went up by an additional $21 or so dollars. Not a whole lot of money in the grand scheme of things, but that’s still three-and-a-quarter-less margherita pizza I’d be able to eat.
And that, my friends, is what personal finance should truly be about: how many slices of pizza you may be missing out on.
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