FlyerTalk Forums - View Single Post - What to do when European hotel insists on charging in US dollars
Old Jul 8, 2011 | 9:55 am
  #15  
t325
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15 Years on Site
 
Join Date: Jun 2006
Location: STL
Posts: 1,574
Originally Posted by Ancien Maestro
AFAIK.. When I get charged a foreign transaction on a purchase.. I get charged foreign transaction fee..

When I get a refund, the cc charges me another foreign transaction fee on my refund.. the full amount doesn't get charged back to the card..

So two transaction fees.. my Visa and Plat Amex is at 2.5% US transactions..

I had a foreign transaction refunded to my Amex, a month had passed between the purchase and the refund, and they refunded the original transaction and the original transaction fee. In fact, because of differences in the exchange rate at the time of purchase and refund, I made a whopping 5 cents on the deal, I better be careful not to spend it all in one place!
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