Andrew Schwartz shares advice on no-foreign-transaction-fee credit cards in WalletHub feature | Today at Elon
Schwartz was recently featured in a WalletHub article on credit cards with no foreign transaction fees.
Share:
Elon University Assistant Professor of Finance Andrew Schwartz was featured in a recent WalletHub expert panel discussing the benefits of credit cards that do not charge foreign transaction fees and what travelers should consider when choosing a card for international use. The article, “Best No Foreign Transaction Fee Credit Cards,” brought together financial experts to provide guidance on managing spending while traveling abroad.
In the feature, Schwartz emphasized that foreign transaction fees can quickly add up for travelers, making it important to understand the full cost structure of a credit card before using it internationally. He encouraged consumers to look beyond promotional perks and focus on how a card aligns with their spending habits and financial goals.
“One common pitfall is assuming that “no-foreign-transaction-fee” means there are no additional costs when making purchases abroad,” Schwartz said. “As with any credit card, carrying a balance, missing payments, or incurring cash-advance fees can be very expensive.”
Schwartz also discussed the broader role credit cards can play in personal financial management, noting that the best card is often the one that complements an individual’s financial situation rather than simply offering the most rewards or benefits.
