FlyerTalk Forums - View Single Post - Credit card scam by UK retailers
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Old Aug 11, 2009 | 1:50 am
  #8  
bneoma
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Join Date: Sep 2002
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Originally Posted by Trav+
There have been a very few times when I have been given the option to pay in € or ₤ rather than $CAD and the rate has been commensurate with what my credit card provider would charge, including the 'convenience fee' (for whom is it convenient? certainly not me) of 2.75%, so I've said all right, I'll pay in $CAD.
Just curious here - do you mean that in this situation your credit card provider doesn't still charge the 'convenience fee' when you take that option? I thought the card provider would still apply that because it was still a foreign transaction despite the particular currency used.

I didn't think this could ever be beneficial to the customer, unless a very unusually large swing in the exchange rate occurred in the time between when the transaction was made and when it was processed by the bank.
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