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#11
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Paying in US dollars
On Apr 15, 11:23 pm, Rosalie B. wrote:
Capt Mary Kidd wrote: The message from Rosalie B. contains these words: "Leland F. Dumas" wrote: When I used an ATM in London last fall I was charged a "Conversion fee" also by Visa. I think it was only 1% though. I have been calling my different credit cards to check on this. One VISA, a debit card and one Mastercard charges 1% my AmExp charges 2% another VISA and one Mastercard charges 3%. Guess which ones I'm going to take? To make a fair comparison you should have asked what exchange rate they were charging at that time. If they all gave you the exact same rate then of course you would take the 1% one, but that may not be the cheapest overall if the others have a better exchange rate. When I called all the cards, I asked them what they would charge for transitioning between Bahamian or Bermudan $$ and US$$ and that's what they said they would charge. There is NO DIFFERENCE between what a Bahamian or Bermuda dollar cost would be and a US dollar cost as the currencies are on par with each other. Actually one of the cards said they charged no fee. I first ran up against the difference in charges when I was in the Bahamas. One card still charged me 3% on each transaction, while one card charged nothing for the transactions. It took me awhile to figure out why there was a difference between the charge slip I signed (which was for the cardiologist and the ICU), and the amount that I was charged. When I asked, that was the answer given. For the different currencies (like the Euro or the UK pound) hey all AFAIK charge the bank rate that is in effect when they get the charge. I've never found any difference between cards for the rate. - Hide quoted text - - Show quoted text - Thanks to all that replied At least I have got a few pointers. |
#12
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Paying in US dollars
We've found that when traveling in Alaska that none of our credit cards
charge any exchange rate for purchases. They do in Canada, still, but not in Alaska. -- ---Nonnymus--- Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. |
#13
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Paying in US dollars
That's curious, Nonny. When we use our credit cards in Alaska they DO
charge an exchange fee, but NOT in CANADA! :-) FYI We now have a reservation at the Thunderbird in Reno for the week after Vegas! Tobieon an Island in the Pacific "Nonnymus" wrote in message ... We've found that when traveling in Alaska that none of our credit cards charge any exchange rate for purchases. They do in Canada, still, but not in Alaska. -- ---Nonnymus--- Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. |
#14
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Paying in US dollars
I have been calling my different credit cards to check on this. One VISA, a debit card and one Mastercard charges 1% my AmExp charges 2% another VISA and one Mastercard charges 3%. Guess which ones I'm going to take? I asked about this and was told that they always charged a conversion fee. It was just hidden in the rate of exchange. Now they charge the actual market rate of exchange and list the conversion fee. Some of my credit cards charge a fee for all transactions outside of the United States even if they in US dollars. I think that's just one of those made up, gouge and screw the customer, bank fees. |
#15
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Paying in US dollars
Odysseus wrote:
I have been calling my different credit cards to check on this. One VISA, a debit card and one Mastercard charges 1% my AmExp charges 2% another VISA and one Mastercard charges 3%. Guess which ones I'm going to take? I asked about this and was told that they always charged a conversion fee. It was just hidden in the rate of exchange. Now they charge the actual market rate of exchange and list the conversion fee. Some of my credit cards charge a fee for all transactions outside of the United States even if they in US dollars. I think that's just one of those made up, gouge and screw the customer, bank fees. I agree about that - especially if there is no rate of exchange or conversion involved. It is possible that the rate of exchange will not be as good for a low or no-fee card. But it won't raise my blood pressure as much if I don't see a 3% fee. |
#16
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Paying in US dollars
On 14 Apr 2007 00:37:37 -0700, "speckled hen"
wrote: Hi I am due to go on the sea princess in June leaving Southampton, I have just received some info on the cruise and I notice when the cruise ends I will have to settle my account using US dollars, it also states that if I use UK pounds I will be charged 3% as well as a commision depending on the exchange rate. When I went with P&O I just settled with my UK visa card. I had thought about getting travellers cheques in US dollars and doing it that way. Does anyone know a way round these charges? If you've printed out your e-ticket and boarding pass you'll see that you have the option to pay your bill by credit card using your home currency. If you don't choose this option by checking the block on the form, Princess bills in US dollars and charges the conversion rate. I've also seen people post to make sure you verbally point this out when you check in. Dave Sea Princess - May 12th - Southampton |
#17
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Paying in US dollars
Rosalie B. wrote:
Odysseus wrote: I have been calling my different credit cards to check on this. One VISA, a debit card and one Mastercard charges 1% my AmExp charges 2% another VISA and one Mastercard charges 3%. Guess which ones I'm going to take? I asked about this and was told that they always charged a conversion fee. It was just hidden in the rate of exchange. Now they charge the actual market rate of exchange and list the conversion fee. Some of my credit cards charge a fee for all transactions outside of the United States even if they in US dollars. I think that's just one of those made up, gouge and screw the customer, bank fees. I agree about that - especially if there is no rate of exchange or conversion involved. It is possible that the rate of exchange will not be as good for a low or no-fee card. But it won't raise my blood pressure as much if I don't see a 3% fee. Capital One does not charge a "transaction fee". It is the only credit card I have found that does not charge some kind of fee for transactions in another country. I have not used it, so I don't know if the exchange rate is different or not. |
#18
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Paying in US dollars
On Apr 17, 11:00 am, Edward wrote:
Rosalie B. wrote: Odysseus wrote: I have been calling my different credit cards to check on this. One VISA, a debit card and one Mastercard charges 1% my AmExp charges 2% another VISA and one Mastercard charges 3%. Guess which ones I'm going to take? I asked about this and was told that they always charged a conversion fee. It was just hidden in the rate of exchange. Now they charge the actual market rate of exchange and list the conversion fee. Some of my credit cards charge a fee for all transactions outside of the United States even if they in US dollars. I think that's just one of those made up, gouge and screw the customer, bank fees. I agree about that - especially if there is no rate of exchange or conversion involved. It is possible that the rate of exchange will not be as good for a low or no-fee card. But it won't raise my blood pressure as much if I don't see a 3% fee. Capital One does not charge a "transaction fee". It is the only credit card I have found that does not charge some kind of fee for transactions in another country. I have not used it, so I don't know if the exchange rate is different or not.- Hide quoted text - - Show quoted text - Ive just read the cruise answer book they provide: Quote "if you are paying by credit card and the card you are using is visa or mastercard issued outside the US which is not billed to you in US dollars, then the full amount of the onboard account will be converted by Princess Cruises, to the currency of the card at an exchange rate at the time the account is charged to your credit card. The rate will include a 3% currency conversion service charge. If you do not want your charges to be converted to the currency of your card please ensure you tick the box on the express checkout form" So I think I will tick the the box as suggested. Don't know if the excellent exchange rate (well in UK) at the moment will prompt me to buy some us dollars |
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