Question
It is my understanding that most cards charge 3% for transactions conducted in anything but USD(I live in the USA). I am wondering if there are any cards that don't? Also I fly CO and DL most often so if I could get rewards through them somehow that would be great :)
Answer
It is my understanding that most cards charge 3% for transactions conducted in anything but USD(I live in the USA). I am wondering if there are any cards that don't? Also I fly CO and DL most often so if I could get rewards through them somehow that would be great :)
It is my understanding that both MBNA and Capital One do not levy any surcharge. They just convert the forex into USD as per that day's rate.
I have used MBNA card abroad many times and have not been charged any extra.
FWIW,
Answer
I think that CapOne and MBNA don't charge a fee, but Visa/MC do, so you get a 1% exchange fee on those cards. I've heard of some credit union cards that eat the Visa fee, and AFIK, Nordstrom's Visa also eats the Visa fee.
Answer
See also the following thread:
http://www.flyertalk.com/forum/showthread.php?t=267197&highlight=conversion
A list (from a while back, so maybe not current) of cards and the conversion fees charged is at:
http://www.flyertalk.com/forum/showthread.php?t=267241&highlight=foreign
Answer
I use my debit cards while abroad, no fees charged for cash or purchases....and haven't had a ATM fee in Europe and Asia so far, unlike our good ole American ATMs....