I have been using the Schwab CC for a while now and make it a point to use it for all international transactions. I must say that they have one of the best conversion rates and they also eat up the Visa/Mastercard fees.

Also, their debit/ATM card lets you pull cash out of any ATM worldwide for no extra fees. I have used it in Bali, India, Fiji, Australia and it has worked everywhere with no extra fees (they refund the fees at the end of each month).

Regarding rumors about Schwab rethinking their current policies, do we know how accurate this info is? It will be sad to see these benefits go away...