06/13/2012 05:20 pm ET | Updated Jun 14, 2012

Spending Money Abroad: How To Avoid Getting Ripped Off

Spending money abroad can be like a navigating a minefield of transaction fees and bank surcharges that can burn a hole in your wallet.

Did you know that not all banks charge the same exchange rates? And while a majority of credit cards charge a steep exchange rate, a small percentage of credit cards do not.

Here's a list of Do's and Don'ts for spending money abroad, many of which are are highlighted in a recent study from the credit card comparison site, CardHub.

Spending Money While Traveling Abroad