Citi Custom Cash Card Foreign Transaction Fee and Exchange Rates

The Citi Custom Cash Card is a great option for international travel, but it's essential to understand its foreign transaction fee and exchange rates.

The Citi Custom Cash Card has no foreign transaction fee, which means you can use your card abroad without incurring additional charges.

This fee-free policy can save you a significant amount of money, especially on large purchases or frequent international trips.

With no foreign transaction fee, you can enjoy your travels without worrying about extra costs.

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When traveling abroad, it's essential to know the fees associated with your Citibank card. You'll want to make sure you're aware of any charges for overseas withdrawals, as these can add up quickly.

Some Citibank cards may charge a fee per transaction for overseas withdrawals, so it's a good idea to check your card's terms before you travel. You can minimize these costs by making fewer, larger withdrawals.

Citibank cards can be used abroad, but it's crucial to check whether your card will be accepted at your destination. Visa and MasterCard have high acceptance rates in many countries, but American Express and Discover cards can be trickier in Europe.

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To avoid any issues, let your bank know you'll be traveling, so overseas transactions don't get flagged as suspicious. This will also give you a 4-digit PIN for your bank card if you're headed to Europe.

If you're planning on paying for your trip abroad using your Citibank credit or debit card, be aware of the exchange rate used by your provider. Make sure to compare it with the mid-market exchange rate, so you know you're making the most of your money.

Here are some Citibank card options to consider:

You'll want to make sure you have all the contact details for your bank recorded in case of issues while you're away.

To avoid any surprises, let your bank know you'll be traveling, so overseas transactions don't get flagged as suspicious.

Make sure you know how much your bank will charge you for overseas withdrawals. If there is a charge per transaction, you may be better off making fewer, larger, withdrawals, to minimize the overall costs.

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Citibank debit cards with linked accounts have foreign transaction fees, which can range from 3% to no fee at all, depending on the account type.

Here's a breakdown of the foreign transaction fees for different Citibank debit card packages:

Know the exchange rate used by your provider and compare it with the mid-market exchange rate to make sure you're getting the best deal.

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Foreign transaction fees can be a significant cost when using your debit card abroad or making online purchases from overseas sellers. These fees are usually applied to purchases not made in dollars.

Citibank has different account packages, and some of them waive foreign transaction fees. For example, the Citi Priority Package and CitiGold Package don't charge foreign transaction fees.

However, to qualify for these packages, you need to have a significant balance in your Citibank account. The CitiGold Package requires a relationship balance of over $200,000.

Here's a breakdown of the foreign transaction fees for each Citibank account package:

Citibank uses the Visa or MasterCard exchange rate for international card transactions, depending on which network issued your credit or debit card.

This rate is available on the Visa or MasterCard website, where you can look up the rate for your purchase or previous dates to see how it changes over time.

However, be aware that your card issuer or currency exchange service may add a markup to the mid-market rate, which they keep for themselves.

To avoid these markups, consider using a provider like Wise, which offers a multi-currency account and international card with no foreign transaction fee and uses the mid-market rate for all payments.

Here's a summary of Citibank's exchange rate practices and services: