I saw there was markup fee on my credit card. can you tell me what is markup fee in credit card?
Markup fee is applied on international transactions. That’s the reason it is also called foreign transaction fee. Lets say you shop on some international website or perform any transaction on international land, the charges incurred to convert from home currency to international one and processing it have to be covered along with some markup or profit on each transaction.
If you are planning to travel abroad or you generally travel internationally frequently, check for credit cards that have a minimum markup fee.