Thanks from Canada! Same thing here.

Yeah, what if it falls? Do you get to keep the difference? Or does it belong to the card issuer?

The transaction will be processed letting the issuer handle the exchange that the network (Visa/MC) provides, so if the rate is more favorable due to the foreign currency depreciating you would benefit. From the merchant's standpoint, it's neutral for the transaction if you don't take into consideration the cost of the chargeback.

While it isn't a factor for US cards, many issuers in other locations attach foreign spending bonuses that are only applicable if the transaction happens in another currency. I would still pursue the chargeback on principle.

Thanks

I think that's for the old days.

My ICBC Global Travel card has 10 currencies and I've been charging JPY natively in the last month when JPY/USD was terribly high (near 106). That way I can pay ICBC directly with JPY I stashed when it was 1 USD for 110 JPY.

All worked well until when checking out of the hotel, the cashier asked whether I'll choose JPY or CNY. That's the first time I saw CNY negatively in a DCC scenario...

Therefore, I'd say the card's native currency is CNY. And, it's a VISA.

That is the reason I'd like to know why jamar's ICBC got refunded in USD!!! I'd think he uses the same Global Travel ICBC card because he said his supports GBP and EUR natively. I think ICBC only has one credit product supporting multiple currencies natively. The others are just single currency USD or EUR cards with no VISA/MC conversion fees.

I'm currently travelling in the UAE with various UK issued and therefore GBP denominated cards. DCC has been offered at most places - hotels, shops, restaurants, but it has been clear on the terminal - press 1 for x£ or press 2 for yAED. Good.

Where no choice has been presented, my suspicions are heightened, but it has so far always been charged as AED. I use a curve card with a 1% fx fee and it messages you instantly on a charge being made with the charged currency and amount and actual GBP cost, so you can see what's going on.

Also I had to book a QR airline ticket from DXB to DOH. The ticket is priced in AED as the point of sale is Dubai. The website defaults to offering a £ cost, but is clear you can 'press here' to accept charges in AED.

I faxed unredacted copies of the screenshots and the invoice over. Issuer CCB (Asia) called me back to advise they will carry out a *full* chargeback. I love a bank that goes all the way...

There's no other way to proceed. The issuer need to proceed a *full* chargeback, then the merchant will resubmit a *full* presentment in the correct currency.

I recently got back from Italy and was only force DCCed once, and it was only for a couple bucks, so I didn't raise a huge stink. Everyone else either asked, or just did EUR without asking.

Interestingly enough, I was never asked to DCC using my Schwab debit card in an ATM, but the person I with, who was often using the same ATM with his debit card from a local credit union was asked to DCC every time.

I can confirm that the Schwab debit card won't get DCC offers when the Capital One 360 debit card (old magstripe version) will. I thought this was ATMs not DCCing chip cards, but it may be more complex e.g. Visa vs MC.

Certainly not. I believe the SOP for Schwab is to simply comp the difference out of pocket and remove our right to complain on the basis of financial loss. Same for HSBC HK.

So if the charge is local currency dcc never applies? Like in HKG not always you are given the choice to choose local currency but it is already in local currency that means DCC wont kick in?

Correct. If there is no language showing a choice, DCC isn't present or was opted out on your behalf. Usually if DCC is present in HK you will know because the check boxes and Artone carbon copy paper are ubiquitous.

I got the DCC question using my Schwab debit in an ATM last month in the UK. Declined of course.

What bank?

Tesco was the last one. I'm pretty sure I've seen it at others in the UK previously.