FlyerTalk Forums - View Single Post - Using Credit Cards in China - The Great CC Rip Off (dynamic currency conversion)
Old Sep 17, 2011 | 7:10 pm
  #514  
mnredfox
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Originally Posted by percysmith
Wirelessly posted (Palm850/V0100 Mozilla/4.0 (compatible; MSIE 6.0; Windows CE; IEMobile 7.11))



depends. go 3 star or below and they might not take V/MC/AX.
Good reminder to ALWAYS bring cash in China.

Originally Posted by YuropFlyer
awww.. I just realized something.. my last hotel stay in China, the Hilton (near Shanghai) tried to DCC me, I let them reverse, and do the bill in RMB, working fine. I got all the receipts, inluding the non-accepted DCC. I doubt they did it intentionally, anyway. (Pretty new property)

But.. now I realised I better should let them have DCC me!

Bill was 825 RMB, on the DCC bill they printed 114.25 CHF - now that I got the CC statement, it was 115.55 CHF on it. Exchange rate was fine, and I'm having a credit card which usually has very good exchange rates (Cornerbank M&M, only adding 0.9% to bank exchange rates)

Anyway.. apparently by NOT DCC'ing, I spent 1% more, than had I allowed DCC.. I know that usually DCC is always putting you at a disadvantage, so I'm very much surprised why/who I wasn't here.. if DCC would indeed NOT mean a massive surcharge but +/- the same, but directly on my own currency (I guess I would accept a 0.1% surcharge in average - but of course not what it used to be with 3-5%) then I would be more than happy.

Anyone else made the same spottings? Or is that maybe just because the currencies went wild in the last few months? After all, shouldn't DCC mean they're taking that days exchange rate, just as my CC company will as well?
So this is called a reverse scam?
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