How many of you have realised that whenever you shop on an international website and pay via your credit card, you’re actually being charged more?

Yes, this is the case for all your favourite websites overseas – Airbnb, Expedia, Hotels.com, Taobao, Amazon, ASOS, Colourpop and what not.

It gets worse when you opt to check-out and pay in SGD, which is what most of us do, while not realising that we’ve just effectively chosen to be charged for:

·       Dynamic Currency Conversion (DCC) – a practice where your card transaction is converted to Singapore dollars through a DCC service provider used by the merchant
·       (Double) forex fee (FX) …