Originally Posted by
cbn42
Did you not read the previous sentence before the one you bolded?
Several years ago, credit card companies charged foreign currency fees only if you used your card in a foreign currency. DCC enabled you to avoid this. Upset at the lost revenue, the credit card companies changed foreign currency fees to foreign transaction fees.
Yes, I read that sentence, and my point still stands: they get you both ways. What's more, I'm nearly positive that FTF on home country currencies was the SOP in the pre-DCC days (Citi dinged me for this before I was smart about my credit card portfolio).