US Credit Cards May Not Work

US credit cards may not work overseas. If you’re headed overseas soon, you may want to check your credit cards because depending on where you go, they may not work.

Most Americans have credit cards with a magnetic stripe on the back. However, in Europe things are changing. Most of Europe has gone to the chip and pin credit card, so the chip replaces the magnetic strip.

The cardholder manually enters a pin number instead of a signature to complete the transaction. Travelers may have to carry local currency or shop where U.S. cards are accepted. Remember, most card companies charge foreign transaction fees.

“A lot of credit cards will charge 2-3% for foreign transactions, which means you’re getting nickeled and dimed by your credit card company,” said Catey Hilly with

The exception, Hilly says, is the Capitol One Venture Card, which doesn’t charge those fees and has a cash-back plan. She also says, now more than ever, banks are on the lookout for unusual transactions in far off places. Make sure to alert your credit card company before you leave.

By: Tina Hodges
Published: Jul 6, 2021
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