The Amex F/X scam continues-- time to contact Spitzer?
Jan 13, 2007, 10:46 am
#106
Join Date: May 2006
Location: Chicago
Programs: United GS, AA Plat, Starwood Gold, AC
Posts: 367
If you want a credit card to use for different currencies then get one that doesn't charge a conversion fee or cash advance fee at all. There are a few cards around which give you the bank rate with no markup.
Amex is not one of them.
Have a look at http://www.flyertalk.com/wiki/index....reign_Exchange
Amex is not one of them.
Have a look at http://www.flyertalk.com/wiki/index....reign_Exchange
Jan 15, 2007, 4:13 pm
#107
Join Date: Nov 2002
Location: London
Programs: I've got three passports, A couple of visas, Don't even know my real name.
Posts: 909
Get the right card and you don't pay any of these charges - that's the equivalent of a fair wad of cashback on your foreign transactions - I haven't yet seen a card reward scheme which can compete with cold hard cash in my hand.
Of course, if you are charging up large amounts and claiming it back from your company on expenses then you are better off with a card which adds a large commission and "rewards" you in other ways.
You don't get something for nothing though....