Quote:
Originally Posted by Sylvanfan
Sort of related...but not entirely. I saw a thing on the news recently in which some credit cards are now charging a 2.5% fee for foreign currency transactions. So they make money by giving you a lower than market rate...and they ding you a 2.5% fee. Just something to keep in mind if you are going to the U.S. Check with your card to see if they're charging it, and if they are you might want to bring some extra cash with you. Afterall is there anything more fun than having 65 bills in your wallet and them amounting to like $800 because you somehow collected 32 $1 bills.
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Yeah, and apparently this is to be looked at by the finance ministry. This seems ridiculous to me...it is just safer, more convenient and easier to travel with a credit card. Not to mention that this is the core service of a bank...it is not costing them more money to do these transactions! Its a pure money grab, just like ATM fees.