Originally Posted by
generikz
At least I found the policy online:
https://www.hsbc.com.sg/1/PA_ES_Cont...chargestnc.pdf
They just effectively made the USD CC I hold in Singapore useless since
I have no way to know where the payment will be processed to reject it or oppose the fee.
Just bought a DELTA plane ticket in USD, for flight in the USA with my USD Card and... DELTA is pushing its payments in Belgium (to avoid repatriating profits to the USA I suppose) and I had to pay the extra 1% again.
I'll simply cancel the card and use Paypal USA... and probably that's what HSBC is secretly hoping for since this USD CC hasn't been offered to new customers for years it seems.
Or maybe first thing I should run the question by MAS first to fully close that chapter? That could be interesting.
Julien
This is common in the US where you pay the same fee whether you're getting currency conversion or not for foreign transactions.
I consider it very unfair as unlike a foreign exchange fee, a reasonable person can't be expected to know the country the merchant will process their transaction in.