chas0039 wrote:I feel your pain. Before I went to a card with no fees for foreign, I got caught for a few bucks when I was careful to make a transaction in $ and I still got dinged.
djrez4 wrote:You should NEVER request to be charged in USD when in a foreign country.
What you experienced is called Dynamic Currency Conversion (DCC). Foreign merchants offer to charge you in your home currency when finalizing the transaction. The problem is, the exchange rate is opaque and they can tack on additional fees (up to 7%) for the convenience of converting the transaction to your home currency.
Always ask to be charged in the local currency and pay with a card that waives forex fees.
DavidNY wrote:Welcome back. Which card did you use?
GoCreditGo! wrote:Just returned from holidays. 10K in charges results in $900 in foreign exchange fees. I think I need to revisit how I spend abroad.