Re: You pay for the convenience - Saab General Bulletin Board - Saabnet.com
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Although 3% might seem excessive, all this is in part due to class-action lawsuit[s] where some card issuers 'hid' the transaction fee in the currency conversion. My example is AMEX. Now that AMEX has been forced to identify the charge explicitly, the rate is higher than when they buried the fee. There was usually more variation in the floating exchange rates than in the fee itself. I think in this particular case, the cure is worse than the disease.
posted by 70.154.2...
Posts in this Thread:
- credit card foreign transaction fees, yaofeng, Wed, 5 Aug 2009 05:51:44
- Re: credit card foreign transaction fees, Mark 88t cvt, Sat, 8 Aug 2009 02:33:32
- What's not clear is how much of the fee is, Noel, Thu, 6 Aug 2009 05:48:57
- TD Bank, steve, Wed, 5 Aug 2009 23:50:30
- Re: credit card foreign transaction fees, OhSaabIAOh, Wed, 5 Aug 2009 18:32:53
- Re: credit card foreign transaction fees, simul8guy, Wed, 5 Aug 2009 16:25:04
- Yes, close to all major credit cards do that....., TKC, Wed, 5 Aug 2009 07:30:17
- Re: credit card foreign transaction fees, Craig, Wed, 5 Aug 2009 07:15:53
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