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should I even bother with the FF CCs?

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should I even bother with the FF CCs?

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Old Nov 4, 2003 | 2:35 pm
  #31  
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by quinella66:
Honestly I have never pursued the Amtrak card and do not have any account with them. I think it may be limited in where you can funnel the miles to but I have not researched it thoroughly. That seems to also be a decent solution as a backup card.</font>
Amtrak card: One for one conversion to United, Continental, and Midwest Airlines, 5000 mile increments, 25000 max per year. Free card. The only mileage producing card I know of that does not add the 2% extra rip off fee for foreign currency conversion. It is the only card I use for travel outside of the U.S.

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Old Nov 6, 2003 | 3:49 am
  #32  
 
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There is another issue here for those of us who travel a lot outside of the US: all major mileage earning cards that I know of add an extra currency conversion fee of 1% to 4%. The lowest fees are for Diners and American Express, at 2%, but these two card issuers use an exchange rate that is less favorable than that used by Visa and MC. Visa and MC have a better basic exchange rate, but charge 1% in addition to the 1% to 4% added by the issuing bank. So, unless youre expecting double miles for some reason (Diners and some Amex cards occasionally offer this), using a mileage-earning card outside of the US is very uneconomical. For this reason, I acquired a fee-free Motley Fool Visa from MBNA for use outside of the US. It has no annual fee, offers a straight 1% cash rebate not subject to myriad conditions, and MBNA does not add any charge to Visas basic 1%. By the way, MBNA also offers a Lufthansa mileage card with no added foreign exchange fee and no annual fee for Star Alliance fans, a similar Aer Lingus card for the Oneworld fans, the Amtrak card for those who prefer lower altitudes, and several independent rewards cards. This is the way to go for people who charge a lot outside of the US.
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