Chase waives foreign transaction fees on some credit card debt

Chase waives foreign transaction fees Chase recently announced it would eliminate the fee on all credit card debt accrued in other countries for cardholders using its British Airways Visa Signature card, which used to be 3 percent of the purchase price, according to a report from USA Today. This charge was attached to all transactions completed abroad, even if they were made in U.S. dollars.

The British Airways card follows two other Chase travel accounts in waiving fees on transactions in foreign countries, the report said. It previously nixed similar charges on credit card debt for its Priority Club Select and Hyatt accounts. However, Chase also reduced the amount of bonus miles it offers to new cardholders, from 100,000 in the fall to just 50,000 currently.

Many credit card lenders have recently restructured introductory offers in an effort to draw in more consumers who may have tried to reduce their use of these accounts.