Traveling outside the US? How to avoid foreign transaction fees

Currency conversion fees are often as high as three percent and are charged by virtually all credit card issuers for purchases made overseas. If you are like most travelers these days, credit cards will be your preferred method of payment as you set out on your next adventure. So, take the time now to choose the right card and significantly reduce the cost of your next vacation or business trip.

Recent surveys indicate that Capital One and Commerce Bank are the only issuers that offer 0 percent conversion fees. However, this perk may not last long as credit card companies are searching for ways to increase fee revenue in the face of the current credit crunch. Capital One cards with 0% foreign transaction fees are featured on Creditnet.com.