Have you heard that buying abroad is worth the price? Whether on the sites or on a trip, see if it’s worth using your credit card on international travel.
Some factors must be taken into account when deciding to buy products from abroad with the card. Rates like IOF and currency exchange are some of them.
Basically there are three ways to make the purchase internationally:
- Debit / prepaid card;
- International Credit Card
To find out which payment method is best for you, learn about the differences between them in this post.
What is charged on international purchases with the card?
IOF – Tax on Financial Transactions is calculated on top of the total amount already in reais. The fare is 6.38%.
That is, if your purchase already converted into real, mounted to $ 150, the IOF will be $ 9.57. Therefore, you will pay $ 159.57 for the product.
In addition to the international credit card, debit and prepaid functions are also subject to this charge. On your invoice you can see the calculation and the dollar charged on the exchange day.
Benefits of using credit card for international travel
In addition to giving you more convenience when shopping, the international credit card offers more security and convenience. You don’t have to carry cash in your pocket and still only pay for your purchases after you arrive.
Another plus point of using a credit card for international travel is having one that offers points and mileage, which are accumulated and then redeemed for benefits.
If you are a frequent traveler to other countries, a mileage card may suit you as it helps you buy tickets. And your purchases out there earn more points.
Disadvantages of Using Credit Cards on International Travel
Buying with a credit card in other countries may not compensate for currency instability. Some managers convert the dollar on closing day, others do it at maturity.
There is also the rare possibility that the exchange will be made on the transaction date, as well as Nubank. That is, the customer knows the amount debited according to the dollar value on the day – being able to calculate the IOF as well.
What is the best credit card for international purchases?
The best credit card when traveling abroad may be the one with points and miles. If you don’t travel often, the international without annuity can also match your expenses.
The international prepaid card is great for your travels in other countries. You have more security without having to carry money around. Control your purchases, as it’s up to you to decide how much you can spend without getting post-vacation debt.
Now that you know the advantages and disadvantages of making card purchases on international travel, tell us what your next destination is!
Any questions, leave it below in the comments and until next time!