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BMO Ascend World Elite Mastercard Review Pros and ConsThe BMO foreign transaction fee is 0% to 3%, depending on the specific credit card. A foreign transaction fee is a surcharge that some credit cards add to. The 1% fee is based on the final transaction amount posted to your account including any fees or foreign currency conversion, if applicable. 4 If you. The BMO foreign transaction fee is 0% to 3%, depending on the specific credit card. A foreign transaction fee is a surcharge that some credit.