You were not shafted; if you want to avoid getting foreign currency exchange fees, then use a credit card that doesn't charge currency fees
It is perfectly normal that these fees are not refunded - you made a foreign purchase and were charged the fees ; the retailer made a refund and you were credited back the amount from the retailer
Since you had the transaction refunded, it is normal for any points accrued for the transaction to be reclaimed
If you are paying an annual fee, then you are paying for the benefits that the card offers. If the value of the benefits is not worth the fee, then time to cancel the card
Originally Posted by
mikeyfly
I'm not sure I follow ? When a charge is taken overseas the foreign currency fee is within the charge. Ditto when there's a refund, the forex fee is back in the refund. Sometimes due to currency changes you can actually make money on this, when BA cancelled my errors fare 3/4 years ago - the one with four passengers I actually received £75 more on the refund
Not on cards that I have from Amex. If I make a purchase in a foreign currency, the transaction lists the Cost in currency used, rate converted to local currency and the card conversion fee. on a refund, there is simply the rate and rate converted to local currency - obviously if exchange rate moved favourably enough, then this can be covered