Originally Posted by
Explore SE Asia
My long run problem is using the Netbank ATM card overseas. I expect that in the next 90 days my ATM FX conversion fee will go from 0% to the 3% ING charges. Due to my travel patterns, the ATM conversion fee and ATM fees have a far greater impact than a low FX fee credit card. I am considering Everbank (1% FX fee). Any recommendations ?
PS I have been rereading the fantastic wiki. Great info on FX fees.
PPS Off topic - Since I will need to get a new bank, I am also reviewing credit cards. I have a credit union Visa card with the 1% Visa fee and a Starwood Amex (2% FX offset with Starwood points). The Capital One cards seem the best for FX but there seems to be a large number of complaints posted on the Internet. Any feedback/recomendations?
Cap One is definitely a rougher ride, but to me worth the trouble.
First the bad. Seems all csutomer service is overseas and the most of the reps Ive spoken to are not very well plugged in. Also, the first time I went overseas, I couldn't get a charge approved, even though I had called in advance, gave them my travel dates, etc. After a while, I found that if I call their security number (as if I had lost my card), I get US based folks, and they usually take down my info and allow the charges to be approved. Even they failed to set me up properly once, but once they realize that I'm taking names and following-up, they can and do get it done.
The good is that I'm saving the 3% fee and getting 1.25% cash back. With other cards, I'd pay the 3% and get a FF mile, which is worth about the 1.25%. And for 3% cash savings, I'll put up with the hassle.