Originally Posted by
flyinglan
Mine was approved, but when I read the contract, it says FX fees for both transactions in EU/EEA and outside is 3.95% additional. That seems outrageous for within EU/EEA, I thought Visa/Master card has a fee cap within EU/EEA due to its market dominance.
AFAIK only interchange fees are capped. (i.e. the amount charged to the merchant)
FX fees are fine. Obviously not for euro payments in France or Germany, but zlotys, Swiss francs, kroner, etc. are all fair game for adding an FX fee.
Even "no commission" cards still force you to take the made-up rate that Visa and Mastercard apply. Wise is what you need for international travel...