I have one of the MBNAs that's getting hit, but I was recently offered a card by Schwab. Do you know if they let you combine World Points from two cards?

Today I got a response from the "Customer Satisfaction Department" of MBNA, sending me "as requested" a copy of the Agreement, which helpfully included an addendum announcing the new 3% F/X fee -- but absolutely nothing to address my letter.

I fired off another letter indicating this, and let's see what/if they respond. I think this story will end with an unmistakeable cancellation letter effective 5/25.

Since my MBNA account is or will soon be charging for forex, I am certainly not going to be using their card any longer for such transactions and I was thinking of canceling the account in protest. However, after thinking about it, I decided not to cancel because they give me a very high credit line and they periodically offer me 0% balance transfer deals that save me a significant amount of money.

For interest-free loans (aka 0% balance transfers), you can do better. MBNA always charges at least a 3% fee for a balance transfer, while Discover, Chase, and many other creditors offer 0% with no fee.

Everyone's fees are going up:

See http://www.usatoday.com/travel/news/...ard-fees_x.htm

not Capital One, some MBNA cards (Merrill, Schwab, Sun Trust, Wachovia ...) or the VISA/MasterCard logoed debit (ATM) cards.

This is a SCAM: fees for no services rendered.

Schwab is offering $150 for application and approval.
Offer
I am going with that for now. After you are receive the Schwab, call MBNA to cancel the other. They might xfer the Worldpoints, dont know for sure.

I've never had any luck getting MBNA to transfer points from one type of card to another.

Got the notice in China
 

Finally got the notice mailed to China that my NFL Platinum Plus Card is from 1% to 3% and called MBNA collect waited on Hold for 20 min (sucks for their phone bill) and told them I was not pleased. CSR said they have been getting quite a few complaints about this but it was the new policy. I told him thanks and that AMEX Gold would be getting most of my Int'l business and MBNA would be getting none. Looks like its time to cash out my points for the upcoming season and treat myself to something while I am back in the USA. So Long MBNA..... Another card bites the DUST!!! :eek:

Been interesting to watch this. I got a very clear notice a week or two ago regarding my LL Bean Platinum Plus changes, including the 3% exchange fee. But I haven't gotten a similar notice for my Quantum account, far as I can tell. And it's not affiliated with anything, just a plain old Quantum, though I got it when the Quantum first came out.

Update: still no response to my letter, but I got a replacement card because of my allegedly requesting it. Even if they end up grandfathering me at 1%, I think I will still cancel due to their terrible customer service; I've just applied for the Capital One Go Cash Visa Platinum card...

Called CapitalOne who said that they will be instituting an "undisclosed FOREX fee" at a to be determined date.

Could be just 1% (to recoup the 1% FX fee that Visa/MC will charge member banks) but more likely, it'll be 3%.

I'd recommend a Visa card through a local credit union to be on the safer side; credit unions generally don't try to nickel-and-dime you as much as the big banks.

Household Bank (part of HSBC) and Providian also charge only a 0%/1% foreign currency conversion fee for the time being.

Poor move on the part of Capital One if they do decide to go to a 3% FX fee at a "to be determined date." A 1% fee would separate them from the crowd of faceless credit card banks all charging 3%, and if they publicize the lower fee, might drive big-spending, frequent foreign travelers away from Chase, MBNA and Citi to a less expensive Capital One card.

Anyone have an MBNA customer service email address? I looked all around their Website and couldn't find one. I want to add to the complaint deluge. I'm going to use my Cap One CC card now for foreign currency transactions going forward. I hope they don't change their fee now too.