Originally Posted by drbond
It's not free on Capital One, it is just not disclosed seperately as a line item.
You're mistaken.
Capital One absorbs the fee. It is not rolled into the exchange rate. I have used the cards and compared rates to verify that what Capital One claims is true.
I recently found another one of my cards has a low rate. The ASCE MBNA American Express only charges 1% total. This differs from most AMEX which I believe charge 2%.