No. of Recommendations: 0
That way you can also save on foreign transaction fees (unless you're thinking of a card that features no such fee, but then the transfer spread may be bigger).
FWIW - I remember ~20 years ago that it was a good idea to use Visa/MC - they would usually have the best exchange rate. But I know it wasn't as good of an exchange rate using credit card when I was in over there ~10 years ago. The exchange kiosk in the airport was actually a better deal. :(
He may have some difficulty opening an account there - he may want to research it before he leaves.
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.