FlyerTalk Forums - View Single Post - Schwab Invest Visa? 2% cash back on everything? [Discontinued card]
Old Jan 8, 2009, 5:14 pm
  #54  
ajnaro
 
Join Date: Jun 1999
Location: Rio de Janeiro, BRAZIL
Programs: AA 4MM EXP; Starwood Lifetime Plt
Posts: 2,498
Originally Posted by dko3tgk

... I also wanted the ATM for 0% Forex fee. So its true that there are no ATM fees, but CS rep said because its a Visa Debit/ATM card, that Visa charges 1% on the Forex transaction when you withdraw money overseas.
I specifically asked about this and was told that there is no 1% fee from VISA, not even built into the exchange rate. In any case, a 1% fee is very difficult to detect, except in the case of fixed exchanged rates such as the Hong Kong Dollar, or other currencies rigidly pegged to the US dollar. So we'll just have to wait until someone uses the CS card for one of these currencies.
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