Originally Posted by
sbedelman
So when you're charging in a foreign currency your net rebate with Schwab is 1% (2% less the 1% forex fee) vs 1 mi/$ with Barclays.
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what are you basing this on? using your logic, most other us mc and visa cards would be surcharging 4% forex rather than the 3% they publish in their ts & cs.
every controlled test we've done here on the board points to schwab being 0% (including my own shoot-out between my schwab visa, citibank chairman amex and cap one visas that you can find detailed in the previous posts in this thread).
can you provide some proof that schwab and cap one are passing through the 1%?