Thus spake Rosalie B. :
>Joseph Coulter wrote:
>
>>Dillon Pyron wrote in
>>news:1o5i935eie3vt11g7lmcspj5nnl2u6ro2u@4ax.com:
>>
>>> Thus spake Joseph Coulter :
>
>>>>Actaully on many credit cards you will be charged about the same for the
>>>>currency tranfer from Euro to dollars so you will not gain a thing.
>>(edited to make my typing look better)
>>>
>>> I've never been charged anything but local currency. At least my card
>>> only charges a small percentage for the exchange. The exchange rate
>>> was realistic (not some inflated profit inducing rate). OTOH, I am a
>>> "prefered customer" (WTF that means). I'm also what's known as a
>>> deadbeat in the CC industry. We pay our bills every month.
>>
>>I have the same experience although I have seen such offers in Mexico.
>>Nevertheless, the overall price after any and all fees is what a consumer
>>must look at.)
>
>I was asked if I wanted the bills to show dollars or euros. Although
>I said dollars, the exchange was still done from euros to dollars by
>my credit card company. When I asked my credit card company about it
>they said that it didn't matter how the bill was written up by the
>seller. The credit card company processed it the same way. And that
>has been my experience in the past also.
>
>I would just make sure that the credit card you use charges only the
>minimum conversion fee which is 1%. Some banks add on another 2%
>extra for themselves. Also, when you get cash at the bank or airport
>or exchange kiosk, if you give them a debit card, there won't be an
>interest charge on it like there would be if you use a credit card.
>
Our credit union only charged us a quarter per cent when we drew money
out of our account in Australia. The ATMs down there charged 2 AUS
dollars.
When we were in Cozumel for a week long diving trip, we went into town
one evening and looked at some blouses. Carol found one she liked at
$20. I pulled out the credit card and she said it would be 220 pesos.
I pulled the credit card back. One of the women said, in Spanish, "we
only paid 1200 for it. Offer him 1900". I immediately said, in
Spanish, "1500". Which is what we paid for it.
--
dillon
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