Go Back  FlyerTalk Forums > Miles&Points > Credit, Debit and Prepaid Card Programs > Credit Card Programs
Reload this Page >

Bank of America waives ForEx fee for good customers

Bank of America waives ForEx fee for good customers

Reply

Old Aug 25, 05, 10:33 am
  #1  
Original Member
Original Poster
 
Join Date: May 1998
Location: Kirkland, WA
Posts: 6,932
Bank of America waives ForEx fee for good customers

I just got off the phone with Bank of America to cancel my old Fleet cash-rebate card because when BA acquired them they jacked up the foreign-exchange fee to 3%. The rep told me that because I was a good customer (internal code 1501 or 1701, whatever that means) they waive the foreign-exchange fees on all BA credit cards. I canceled the card anyway since I still have my Alaska BA Visa and will try some test charges with it next time I'm out of the country to see if it's true. If so, it's a great deal for me.

I have many personal and business checking/investment accounts with BA, which I assume is how I got this status.

QL
QuietLion is offline  
Reply With Quote
Old Sep 23, 05, 10:30 pm
  #2  
 
Join Date: May 2004
Location: OAK
Programs: UA Gold MM / AS MVP Gold
Posts: 2,484
let us know if this works next time you are abroad.
amartin1979 is offline  
Reply With Quote
Old Sep 25, 05, 1:33 am
  #3  
Original Member
Original Poster
 
Join Date: May 1998
Location: Kirkland, WA
Posts: 6,932
It worked. No markup at all over the Interbank rate.

QL
QuietLion is offline  
Reply With Quote
Old Oct 1, 05, 12:13 pm
  #4  
 
Join Date: Sep 2005
Posts: 2
Remove 3% B of A fee

I just talked to Joshua, a B of A CSR in the retention department, who said they could not code my account but that he would make a notation in my file. He said his notation would be to waive the 3% fee as a courtesy. The kink was I would have to call them after I returned from Europe and refer whichever CSR I got to the file notes. He would not guarantee I would get the fees waived since it was apparently up to the discretion of the CSR, so I posed a hypothetical case to him. What if a cardholder had called to CSR Jane Smith a month ago and she had noted the file. If that cardholder called Joshua today and he checked the file would Joshua remove any 3% foreign exchange fees. His response is that he would remove the fee as a courtesy.
zip97062 is offline  
Reply With Quote
Old Oct 2, 05, 11:02 pm
  #5  
 
Join Date: Apr 2005
Location: 2 minutes from IAD
Programs: EuroBonus, UA MP
Posts: 132
I have never been charged any fees for ATM withdrawals (normally $5/transaction + 3% fee) or purchases made with BOA cards while overseas. They tell me its because I am a "Premier Client". So thats what happens when you have your mortgage, business account, and checking account with them for the past 20+ years.

If they were only open on Sundays....
kaptan is offline  
Reply With Quote

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Thread Tools
Search this Thread
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: