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Thread: What to do when European hotel insists on charging in US dollars
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Old Jul 7, 2011 | 7:50 pm
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MoreMilesPlease
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Originally Posted by daniellam
Pay with American Express as they are a closed system and the currency conversion is done by them when issuing your monthly bill.

Don't use Visa or Mastercard as more and more credit card processors are introducing what is called Dynamic Currency Conversion or "DCC" where the currency conversion is done at the Point of Sale (if the store clerk does not know how to override the system to not do the conversion) at less favorable exchange rates.
Not only do you get less competitive rates but the card may still charge you a foreign transcation fee. Having the charges in US dollars will always give you a worse exchange rate. The merchant does this so the rates are in their favor.
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