Best card for foreign exchange?
Oct 25, 2006 | 6:32 am
#841
Join Date: Jan 2003
Location: NYC
Posts: 8,691
Originally Posted by damonfu
Commerce Bank, which seems to be a Northeast/Mid-Atlantic bank, absorbs the 1% Visa fee, so charging on their card offers a commission-free foreign transaction.
http://flyertalk.com/wiki/index.php/...reign_Exchange
Oct 25, 2006 | 8:05 am
#842
Join Date: Dec 2003
Location: ny, ny
Programs: AA EXP
Posts: 181
he asked about a credit, not debit card. maybe you want to update the wiki
Oct 25, 2006 | 9:12 am
#843
Join Date: Jan 2003
Location: NYC
Posts: 8,691
Originally Posted by damonfu
he asked about a credit, not debit card. maybe you want to update the wiki
If so, that's great news. I think I'll stick with CapitalOne's 1% cash back for now, but it's great to know there's an alternative. Please confirm that this is the card you're talking about and either add it to the wiki yourself or, if you don't know how, ask and I'll be happy to update it.
Oct 25, 2006 | 3:45 pm
#844
Join Date: Jan 2003
Location: NYC
Posts: 8,691
Someone anonymous recently added a BMW Visa card to the wiki, claiming that it eats the Visa 1% forex fee. Can anyone confirm this?
Oct 25, 2006 | 3:53 pm
#845
Join Date: Nov 2003
Location: ord -n- mdw
Programs: big pimpin'
Posts: 974
i have heard this; however, they are not accepting any new applicants at the bank so it is of no use anyway
Originally Posted by themicah
Someone anonymous recently added a BMW Visa card to the wiki, claiming that it eats the Visa 1% forex fee. Can anyone confirm this?
Oct 25, 2006 | 4:12 pm
#846
Join Date: Jan 2003
Location: NYC
Posts: 8,691
Originally Posted by arfgoblue
i have heard this; however, they are not accepting any new applicants at the bank so it is of no use anyway
http://fs.bmwusa.com/BmwFsPulp/CRCAR...rdBenefits.htm
Unless this is a different card?
Oct 25, 2006 | 5:56 pm
#847
Join Date: Nov 2003
Location: ord -n- mdw
Programs: big pimpin'
Posts: 974
Originally Posted by themicah
Looks like they're accepting applications via the web:
http://fs.bmwusa.com/BmwFsPulp/CRCAR...rdBenefits.htm
Unless this is a different card?
http://fs.bmwusa.com/BmwFsPulp/CRCAR...rdBenefits.htm
Unless this is a different card?
btw, anyone have any experience with countrywide and whether they pass on the 1% visa/mc fee? thanks!
Oct 25, 2006 | 11:27 pm
#848
Join Date: Oct 2006
Location: USA
Programs: DL PM, Hyatt Globalist
Posts: 2,369
crap1
bmw
charles shwab
all eat the fee.
many credit unions have bettern foreign exchange fees rates that any of the major companies. mine is 1%.
bmw
charles shwab
all eat the fee.
many credit unions have bettern foreign exchange fees rates that any of the major companies. mine is 1%.
Oct 26, 2006 | 4:00 am
#849
Join Date: Jan 2003
Location: Scarsdale, NY USA; LT PLT AA; AA 3 mm (4 mm will never happen); Hilton Diamond, Marriott Silver, AA is clueless why I fly
Posts: 754
I received my banking statment from Chase (now JP Morgan Chase....plus Bank 1....plus, who knows what is next). At the top of page 1 right above my checking account info was: "REMINDER: When you travel, Chase will add three percent to the total amount of your debit card transactions (purchase and all cash transactions) converted by Visa from a foreign currency to US dollars"
That is the first time I have seen that appear on my banking statment.
That is the first time I have seen that appear on my banking statment.
Oct 26, 2006 | 6:35 am
#850
Suspended
Join Date: Jan 2006
Location: Alabama / Georgia
Programs: DL, HHonors, AA, US, Aloha Pass, BA, CO, HawaiianMiles, Chairman, Centurion, AXP, MR, MHC Gold
Posts: 3,467
Originally Posted by Dr_wanderlust
crap1
bmw
charles shwab
all eat the fee.
many credit unions have bettern foreign exchange fees rates that any of the major companies. mine is 1%.
bmw
charles shwab
all eat the fee.
many credit unions have bettern foreign exchange fees rates that any of the major companies. mine is 1%.
bmw = 0%
charles Schwab = 1% they are issued by fia
Oct 26, 2006 | 6:37 am
#851
Join Date: Dec 2004
Posts: 8,227
Originally Posted by drbond
crap1 = depends on the card and when you got it and ranges from 0-2%
bmw = 0%
charles Schwab = 1% they are issued by fia
bmw = 0%
charles Schwab = 1% they are issued by fia
Oct 28, 2006 | 5:22 pm
#852
Join Date: Apr 2005
Posts: 69
Citi Charges
Originally Posted by milksheikh
From my Citibank statement issued today:
CITI credit card and debit card charges 3% plus the Visa conversin fee
Oct 29, 2006 | 1:00 pm
#853
Join Date: Apr 2006
Programs: Delta
Posts: 203
Hsbc Mc
I use a HSBC master card. It has a 1% conversion fee with a 2% cash back rewards program. Thus I net a 1% reward on foreign purchases and 2% awards on domestic purchases. Works well for my needs, hope this helps someone.
Oct 29, 2006 | 1:15 pm
#854
Join Date: Jan 2003
Location: NYC
Posts: 8,691
Originally Posted by Seattle Flyer
I use a HSBC master card. It has a 1% conversion fee with a 2% cash back rewards program. Thus I net a 1% reward on foreign purchases and 2% awards on domestic purchases. Works well for my needs, hope this helps someone.
Oct 30, 2006 | 12:03 pm
#855
Join Date: Apr 2006
Posts: 90
cit and non-Citi ATMs
I agree with you. I made several withdrawls in Citi-owned ATMs (those located inside a Citi branch) in Japan in the past. These showed up in my statement as "non-Citi ATMs". I emailed Citi and they assured me it didn't matter. Since my account comes with 5-6 free withdrawls in non-Citi ATMs, I didn't bother to investigate further.
With the changes starting on Dec 2, I wonder if this actually matters.
With the changes starting on Dec 2, I wonder if this actually matters.
Originally Posted by Viajero Perpetuo
What I question about this claim is that IME, in deep South America, Citi has NEVER distinguished between Citi and non-Citi ATMs. In my most recent experiences of the past two years in Argentina and Chile, even when I use Citi ATMs, they always show up as Non-Citi ATM transactions on my statement. As a foreigner, I also know for a fact that Chile and Argentina Citibanks are for almost all consumer purposes separate, not the same or a part of Citibank North America operations in any form. For them to make this distinction in a month's time is unbelievable (to me).
I speculate that there is truth maybe mixed in with misinfo here and that the change might be related to POS transactions (MC/debit card) and not ATM cash transactions.
Of course, who really knows?
I speculate that there is truth maybe mixed in with misinfo here and that the change might be related to POS transactions (MC/debit card) and not ATM cash transactions.
Of course, who really knows?