New Delhi, March 3 -- If you are planning to go abroad and rely on acredit card for your day-to-day expenses - be mindful of the fact that each credit card levies a small fee for the transactions incurred in a foreign currency. This fee is also known as a forex conversion fee.

This is a fee levied by a bank for convertingforeign exchange from one to another. The fee could range between 1-4 percent on each transaction.

Typically, your total expense could be exorbitant when you travel overseas. For instance, when your total spend via credit card is Rs.10 lakh then 5 percent on this sum is Rs.50,000.

Now imagine your forex conversion fee falls to 2.5 percent. All of a sudden, your expenditure in the form of forex conversion fee falls to R...