Consuming Interests: Credit card foreign conversion fees - News and tips for consumers on shopping, saving money, deals and credit

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July 10, 2009

Credit card foreign conversion fees

Earlier this week, I posted a comment from Mary, who was charged a fee by her credit card for a foreign currency conversion, even though she made her purchase in Switzerland in U.S. dollars.

I asked if anyone knew of a card that didn't do this.

Curtis Arnold, founder of CreditRatings.com wrote in: "Just wanted to let you know that we track these for the NY State Banking Dept. every quarter and also that the Charles Schwab credit card does NOT charge any currency fees.

And he provided the link.

Posted by Eileen Ambrose at 5:04 PM | Permalink | Comments (1)
Categories: Credit cards

Comments

Capital One doesn't charge foreign conversion fees either.

Thanks. You're the second to suggest Capital One. I will have to make a call to Capital One.

Mary, who complained about the foreign conversion fee, was using a Capital One card. And she was charged a fee even though she paid in U.S. dollars overseas.

I'll let you guys know what I find out. - eileen

Posted by: jim | July 10, 2009 9:39 PM

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