A fee that is levied by a credit card company when you use your credit card outside the country. For example, Visa and MasterCard charge a 1% fee to convert the foreign currency into U.S. dollars. Banks can add another percentage on top of that. Some banks have begun charging these fees merely for transactions processed outside of the country, even if you’ve never left town. Some credit card companies charge no or low fees, such as Capital One, and some have eliminated such charges on their premium cards.