FlyerTalk Forums - View Single Post - 3% Fee on Foreign Currency Transaction
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Old Jun 11, 2005 | 9:32 am
  #8  
KyRoamer
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20 Years on Site
 
Join Date: Jan 2004
Location: Louisville, KY, USA
Posts: 2,596
Originally Posted by tsastor
This seems to be the custom in the US [3% charge]. I have an European Visa, MC and DC and none of those charge any fee for Foreign Purchases. I think you Americans should not accept this situation. I think the reason for the fee is that most Americans never travel abroad so they don't care.
MBNA is trying 3% on some cards. Says reason is high over seas fraud loss. Suspect tsastor is correct that most Americans do not care. However the volume of complaints here shows that FT Americans do. Since 1% is min and Amex is 2% and points are worh at least 1% I mostly use Amex or get cash with my debit card.
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