Join Date: Sep 2002
Location: Between AUS, EWR, and YTO In a little twisty maze of airline seats, all alike.. but I wanna go home with the armadillo
Programs: CO, NW, & UA forum moderator emeritus. Eurobonus Millionaire
Posts: 38,648
New foreign transaction terms
One of our credit card companies just sent us revised terms for continued use of a MasterCard. The card currently charges only a 1% foreign conversion fee. Starting August 1, 2008, this charge applies to all foreign transactions and is no longer just a conversion fee. I see this as yet another reason not to take merchants up on their offer of converting charges to USD (or whatever your home currency is) at purchase time.
I suspect other card issuers will be making this change, or have recently done so.