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Can I use my BMO MasterCard in Europe?The BMO foreign transaction fee is 0% to 3%, depending on the specific credit card. A foreign transaction fee is a surcharge that some. the rate charged to us by MasterCard International (�MCI�) plus %. The exchange rate for converting refunds of non-U.S. dollar transactions to U.S. dollars. Fees & Conditions ; Personal Income $0 ; Household Income $0 ; Annual Fee $49 ; First Additional Card $0 ; Foreign Transaction Fee %.