Jump to content

Sign in to follow this  
m3jasper

Foreign Exchange Fees

Recommended Posts

I just came back from a month's long vacation in Europe and had a few questions in regards to FEF. I will be returning before the end of the year and wanted to prepare myself for the next trip.

 

I used my Amex Platinum everywhere that I could to take advantage of their no FEF offer and it worked out great. I checked the transactions after confirming the exchange rate at the time of purchase and they literally don't charge anything at all. So if the exchange rate was $1.34 per Euro that day, that's what I paid. Unfortunately, American Express was not accepted in too many places. So I was forced to use a VISA in these location. When it came to my Capital One Platinum Venture card, their no FEF policy was obviously an advertising gimmick. The exchange was heavily adjusted in their favor. So while there was "No Foreign Exchange Fee", I was still paying about ~4% in the currency exchange.

 

Does anyone know of a VISA or Mastercard that adopts the same exchange rate and no FEF policy as Amex Platinum?

 

Thanks in advance.

 

 

Share this post


Link to post
Share on other sites

I can only speak about 3 different website I have ordered from. While using a capital one based mastercard, I never paid a FEF.

Share this post


Link to post
Share on other sites

I used my United Explorer Card from Chase when I was in Europe in June. No FETF and the exchange was right on the spot rate.

Share this post


Link to post
Share on other sites

I used my Citi Hilton Honors Reserve for my recent trip to French Polynesia and there was no FEF.

 

I also brought along my PenFed cards as back up but didn't use them.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  




  • Today's Birthdays

  • Member Statistics

    • Total Members
      177,771
    • Most Online
      1,528

    Newest Member
    tianaj
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines