I just got a corporate visa travel card. I am done dealing with DCC. I lose out on my 3% Sams cash back, but I am not going to sweat out on DCC. If US corporations want to do something let them figure it out. I think as the scam grows in size there will be big penalties from FTC or class action suits. I expect Europeans to strike first because their citizens are ripped off when they come to the US through DCC.
Originally Posted by
Majuki
How is DCC a better deal if you have a 0% card unless the spread was far below the Visa/MC rate? Would you say India is worse than China now in terms of how common DCC is or inability to offer a 'choice' of currencies?
I wouldn't be as inclined to fight DCC if required to use a Visa in known forced DCC situations - think Greyhound Cafe in HK - but if the opt-out isn't hard I would still choose local currency to avoid actively participating in perpetuating the DCC scam. I've only had one employer that required use of a corporate card. Since that was an AmEx, DCC wasn't an issue.