Moving to Europe: Finances?
March 21, 2007 6:55 PM Subscribe
Moving to Europe: Finances? (Credit cards, bank, etc)
posted by sirion to travel & transportation (12 answers total) 1 user marked this as a favorite
I'm moving to Austria in ~6 months as a student for about 2 years, and I'm trying to figure out what things I should do with my finances.
I'm currently an account holder at USAA, and have been happy, but I wonder whether I would be well served getting an account at a European bank, and/or getting a European credit card (I hear that all foreign credit charges on US cards involve at least a 1% transaction/conversion fee directly from Visa or MC or Amex, even when the card issuer itself advertises 'No transaction or conversion fees').
Just applied for a Starwood Amex card, as for my travel needs, it will provide ~2.25% returns on my dollar in the form of air mileage. This gets less impressive when 1% transaction fees are factored in. Can I do better with some sort of European credit card?
To complicate things, I will be travelling on a Student Visa, and will probabaly have little income for at least 6 months. (I have a lot of money saved up for funding this degree)