Originally Posted by
Jaimito Cartero
If refunded immediately after the transaction, then the transaction is basically voided, and nothing is charged. I regularly have tickets priced in other currencies refunded (airplane tickets, usually). Other than actual currency fluctuations, I get back what I paid.
Paying anything above 1% forex seems a bit foolish. I travel outside the US more than 7 months a year, and even these little 2-3% ripoffs add up big time after awhile.
Ok.. I can see if the original transaction was "voided", there wouldn't be a charge..
Just that OP was thinking of obtaining a refund.. and relented to the fact that his cc was charged in US dollars.. so indicates that the original transaction would stand..
I 100% agree that anything above 1% forex is foolish.. but being Canadian and stuck with no competition.. I've been trying to find an alternative for us Canadians that would lessen the forex fee.. so CIBC aerogold Infinite, and Amex Aeroplat both have these foreign exchange fees.. maybe you can direct me to a product as a Canadian I can capitalize on minimal forex fees?
Posted several threads in the Amex forum to no avail
