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Thread: Foreign Transaction Fees on Credit Card Purchases in Aruba

  1. #1
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    Foreign Transaction Fees on Credit Card Purchases in Aruba

    I noticed that Bank of America charged me a foreign currency transaction fee for each of my purchases in Aruba although the cashier asked me if I wanted to pay in Florins or U.S. dollars and I chose US. I haven't tried with my US dollar credit card from my Canadian bank.

    If I pay with my debit card will I also get hit with a foreign currency transaction fee?

    I prefer paying by credit card because of the cash back rebate.

    Thanks!

    John
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  2. #2
    Senior Member cpjones's Avatar
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    That would depend on the bank that issues your credit card. My VISA thru my credit union doesn't charge transaction fees.
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  3. #3
    Super Moderator Jacki's Avatar
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    Some banks charge a foreign transaction fee & some don't. In my experience it seems the travel point type cards (airline branded or Capital One's Venture card) do not charge foreign transaction fees. Best to contact your bank before traveling. Ask when you call to let them know you will be using it out of the country.
    Jacki ~ loving Aruba from NJ
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  4. #4
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    I guess I’ll have to weigh the advantage of the cash back versus what I can save in fees with a travel card.

    But what I found strange is that at the cash register I chose to make the payments in US dollars thinking I’d avoid the fees.
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  5. #5
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    Andrea J.'s Avatar
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    our credit union ATM by visa charges foreign transaction fees.
    we rarely use it in aruba.

    our amex platinum, chase visa and discover= no foreign transaction fees
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  6. #6
    Senior Member robin's Avatar
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    We always have them charge us in US dollars and have never had a problem. Our credit card is Ameriprise and it is through Barclay. You need to contact your bank to find out their policy. You mentioned it is BOA but also mentioned something about Canada. Could they be charging you a fee to change it into Canadian $$$?
    Last edited by robin; 06-05-2018 at 12:58 PM.




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  7. #7
    Super Moderator Jacki's Avatar
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    Whether charged in dollars or florin it is still in a foreign country.
    Jacki ~ loving Aruba from NJ
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  8. #8
    Super Moderator WaltVB's Avatar
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    This pretty much explains it all. https://www.valuepenguin.com/credit-...ansaction-fees


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  9. #9
    Senior Member schexc's Avatar
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    We use the Capitol 1 Venture card all over the island. They do not charge any additional fees.




    OUR COUPLE'S RETREAT. THE PEARL CONDO HOTEL AT EAGLE BEACH. CONDO ACCOMMODATES TWO ADULTS. YOU MUST REQUEST UNIT #8. https://photos.app.goo.gl/lRquP1F4VtxyZhR42 RENTING DIRECTLY THROUGH http://www.thepearlaruba.com/.
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  10. #10
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    Hi John,
    Here's the answer from a fellow Canadian, we have a US credit card from scotiabank and we use it when in Aruba which has no foreign transaction fee. The unfortunate thing is that it has no "benefits" attached to it except no transaction fee. On our regular Canadian credit cards there is a 2.5% transaction fee when its converted from US dollars to Canadian money. For that reason we tend to use our US CC, however we do sometimes use the Canadian cc's on certain items and collect the points despite the 2.5%. You have figure out how many points you will get vs. the transaction fee.
    happiness is going to Aruba with your adult kids because they still want to come with their parents
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