25 Feb 2017

Pay in local currency while you are travelling. It is cheaper

Should you pay in local or home currency while travelling?

Short answer. Pay in local currency. For example, I have a credit card from the US and I’m going to be in Hong Kong for my vacation. I should pay in Hong Kong dollar.

Long answer. There’s something about DCC that you have to pay a small fee for the customer to see the amount in home currency in the receipt. Here’s an example.

'Credit card receipt'

If I had paid in US dollar, I would have paid \$0.81 more. It doesn’t seem like a lot but it definitely adds up. I checked my credit card transaction and it showed \$19.33. It’s also good if you can get the card that doesn’t charge foreign transaction fee.

Til next time,
noppanit at 22:20