Uber currency conversion setting (1.5% fee)
Jan 23, 2024, 1:20 pm
#17
Join Date: Jul 2009
Location: SJC
Programs: AA, AS, Marriott
Posts: 6,068
Does this make sense in your situation? Many credit cards now in the US have a 0% FTF. Those that still have a FTF will charge regardless of the transaction currency, so it's not in a US cardholder's interest to have Uber apply the conversion if the payment is processed internationally. I know many other non-US cards still have a currency exchange fee, which might be higher than the 1.5% that Uber charges.
Jan 24, 2024, 12:45 pm
#19
Join Date: Apr 2006
Location: YYZ
Posts: 597
Does this make sense in your situation? Many credit cards now in the US have a 0% FTF. Those that still have a FTF will charge regardless of the transaction currency, so it's not in a US cardholder's interest to have Uber apply the conversion if the payment is processed internationally. I know many other non-US cards still have a currency exchange fee, which might be higher than the 1.5% that Uber charges.
I typically use a USD card for US transactions but was curious to test out the functionality.
Jan 24, 2024, 7:55 pm
#20
Join Date: Jul 2009
Location: SJC
Programs: AA, AS, Marriott
Posts: 6,068
Thanks for the follow up and providing the data point for the thread!