Originally Posted by
kayanco
For Capital One debit card, anyone getting reimbursement for international ATM fee (surcharge by other institution)?
Their website isn't too clear:
"For certain banking products we offer, fees assessed at any ATM within the United States and at some ATMs located outside the United States will be reimbursed within 5 business days, up to $15 per statement period."
It's a Mastercard so I'm supposing exchange rate would be better than Schwab?
While Mastercard has better exchange rate than Visa, based on experiences on the credit card side, the difference is only 0.2 to 0.5% at the most, more like 0.2 to 0.3%. So it is not very meaningful because it means for $100 USD worth, the difference is only between 0.20 or 20 cents to 0.50 or 50 cents.
Unless you are living aboard and incur thousands $ of foreign transactions regularly, I would not use the better exchange rate as a primary criteria to choose a no fee ATM card.