UAE banks increase card fees for overseas spending

UAE banks are increasing foreign transaction fees to 3.14% starting September 22, impacting overseas spending costs for residents. This hike from 2.09% means an additional charge on purchases made abroad. Residents can save by using cards with zero or low foreign exchange fees, or those offering higher cashback on international spending. Other strategies include avoiding dynamic currency conversion, limiting ATM withdrawals, considering prepaid travel cards, and exploring new payment options like the upcoming Jaywan card.