Originally Posted by mia

At current exchange rate ($1.80 per GBP) I make the annual fee about GBP 220. However to the extent you use this card for transactions denominated in any currency other than dollars you will incur a 2.5% conversion fee. Annual non-dollar purchases in excess of about $5,700 would wipe out the savings on the annual fee. Also you must settle the bill in dollars which could involve additional currency exchange expense if, for example,your salary is paid in Sterling.

The IDC version of Membership Rewards has different redemption ratios than the UK version, reflecting the currency values.

dennis