Posted this in the Visa/Mastercard forum but haven't gotten any replies yet and thought this might be a better thread:


Have a new Advanta Business card and here is their foreign currency statement. Does this say what I think it says--that they don't charge the typical 3% fee? I only travel out of the country maybe once a year so am probably not the most qualified at interpreting these statements...

"Foreign currency and international transactions

Account transactions made in countries other than the US and/or in currencies other than US Dollars will be converted to US transactions in US Dollars under the regulations for such matters established and in effect from time to time by our card issuer membership organizations. Any such conversion may occur on a date other than the date of the transaction, and the currency conversion rate applied to the transaction may be different from the rate available to the membership organization. We do not determine the currency conversion rate used and we do not receive any portion of the currency conversion rate or of any fees that may be charged by those organizations. If we elect to charge you a separate fee in connection with such transactions, that fee will be disclosed to you. You agree to pay the converted amounts and fees."