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Published: Sep 06, 2023 7 min read
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Rangely García for Money

This is an excerpt from Dollar Scholar, the Money newsletter where news editor Julia Glum teaches you the modern money lessons you NEED to know. Don't miss the next issue! Sign up at and join our community of 160,000+ Scholars.

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.

What’s a “good enough” reason to get a new credit card?