Can I gain lolly using my credit card(citi wall mastercard) from an atm contrivance contained by the states? ok I got credit card from citibank in newyork. i'm us

ok I got credit card from citibank in newyork. i'm us citizen.

I own never used a credit card. so please understand my trivial questions.
1. continuing from the above cross-examine, will my credit card work on any atm machines in the states? as long as the machine say mastercard?

2. Can I use any mastercard atm machine in south korea? will I know how to take out their cash currency which is Won? substance, will I be able to take out currency using atm machine in korea?

3. If I buy clothes, or other commodities in south korea, will they charge me in dollars? logically the price will be in Won, korean currency, but would they automatically convert it to dollars and charge me in dollars?

Please answer me surrounded by details! thanks! it's so exciting to have a credit card!

You can use your card to withdraw bread from any ATM (as long as it says mastercard which most do) and pay for things anywhere surrounded by the world. The transaction will take place in the local currency, and will next be converted to US dollars on your account. You will see this conversion on your statement.

You can use it at any atm in the states as long as it has your mastercard logo on it
As for korea i dont know..contained by africa you can use there atm..but for larger amounts you have to find a hill that will accept your card, and exchange american money for that countrys curriency..ask your bank they can report you..good luck

Answer:
1) Yes, the Citibank card is usable at ATM's next to the Mastercard logo. My Citicard actually has a Cirrus logo, which is an interbank ATM grating many banks use. Yours may hold that too. In that case, you can probably use it at those ATM's as well.

Just be sure you enjoy the PIN for the card. Citibank allows you to set it online through http://www.accountonline.com/

2) Yes, your Citicard will function like a normal ATM card. You should own no problem taking out cash. Just be sure to call Citibank first and detail them that you will be out of the country so they don't shut your card down in suspicion of fraud.

3) Yes, when you use the MasterCard in Korea, it will be charged within Korea in Won. Then it is converted into dollars per the current interbank exchange rate. My cardholder agreement, probably similar to yours in fees dictates that you are also subject to a 3% tax on foreign currency transactions.

So if you buy something for 96,000 Won, it will be first converted into $99.53 (assuming an exchange rate of 964.498 Won/Dollar) and then 3% is added to that for a final charge of $102.52.

I would watch out when withdrawing bread with credit cards though. You are subject to pretty steep interest rates. Use your ATM card instead and the credit card for cash emergency if you can.

Good luck!

Using a credit card for cash withdrawal from bank machines is the worst thing you can do next to a credit card. First of all, the bank appliance owner will charge you a fee, from $1.50 to $2.50 per transaction. Second, MasterCard will start your interest clock immediately. There's no grace extent unlike when you buy things at stores. The best way to use the card is to buy things at stores or online and pay them sour 100% within your grace period (usually 20 to 28 days from the moment of purchase). Also, remember that if you use more than 75% of the credit available on your MasterCard your credit chalk up will suffer. So, if you have $500 available, try to stay under $375. In this route, you can avoid getting into financial trouble and keep your credit score illustrious.