Dollar Scholar Asks: When Is Getting a New Credit Card Worthwhile?
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There's nothing like traveling in Europe. I love the history, the art, the architecture, the food, the drinks, the shopping... I could go on forever. In fact, I can only think of one thing I don't love: the 2.7% foreign transaction fee my American Express Blue Cash Preferred tacks on to all purchases made in other countries.
I ran into this issue earlier this year while planning a trip to Italy, leading me to consider applying for a travel-focused credit card without this surcharge. In addition to saving money on foreign transaction fees, I could also snag the 60,000-point bonus the Chase Sapphire Preferred offers to new customers.
This isn't the first time I’ve found myself wanting a certain credit card for a specific perk. (The Jonas Brothers frequently have special Citi presales where cardholders can snag good seats before the general public gets access.) But maybe acting on these whims is a bit short-sighted.