MilesBuzz! - First USA Currency Conversion Charges

In case anyone cares...:

CURRENCY EXCHANGE
After a steady stream of negative publicity, First USA is reportedly holding off implementing its policy of surcharging for currency exchange transactions. First USA began notifying cardholders in March, that effective April 1, it will charge an extra 2.0% of the dollar amount on foreign transactions requiring conversion into US dollars. The currency exchange transaction fee is in addition to the standard 1.0% to 2.0% fees charged by VISA and MasterCard. Citibank reportedly instituted a similar policy late last year. According to (an industry publication), Travelers Bank, a Citigroup unit, also charges an extra 1.5% for currency exchange transactions.

Your voices were heard!!

Cheers,

'toad

This shows the power of the consumer.

I was among those people who generated "negative publicity." (NO! not tabloid style or bashing) But I wrote the credit card firm to express my concerns and displeasure.

So sorry, too late. I'm now a satisfied DC customer. That'll teach 'em to float trial balloons!