I have HSBC HK's HKD and USD cards too
We don't have FTF/cross-border/so-called "DCC" fees for now, only foreign currency conversion fees (which the USD cards neatly sidestep)
But what happens in SG may find its way to that bank' HK operations:
Originally Posted by
generikz
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.
We built a list of where transactions will be processed
https://www.hongkongcard.com/forumSE/show/11968
But that's HK oriented. Not good for USD charging
Originally Posted by
generikz
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.
Then you're going to get hit with HSBC SG's foreign currency conversion charge every time, unless you use a non-HSBC card for PayPal
I'd pick my fights. Besides, unless it'll cost me real money, I'd keep the card just to annoy them.
Originally Posted by
generikz
Or maybe first thing I should run the question by MAS first to fully close that chapter? That could be interesting.
Doubt it'll work. In the case of HK issuer banks tacking on cross-border fees for real DCC, all HKMA did was to warn people it may happen.