Originally Posted by wahooflyer
Don't count on the no fee part. Now that Citi considers the 3% foreign exchange fee a "finance charge," it may not show up until the end of your statement cycle, just like interest charges.
There's a thread in the Visa/MC forum discussing this a bit (w/o coming to any firm conclusions):
http://www.flyertalk.com/forum/showthread.php?t=432114
I personally have charged a few things to Citi last month and this month. All of the purchases have shown up around a 0% conversion charge. And my statement last month did not include any additional finance charges at the end. I'll be really pissed if I get hit with conversion charges 3 months down the road or something...