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Subject: Re: credit card foreign transaction fee Posted on: Sat, 3 Mar 2007 19:31:20 -0000


"April 2007" wrote in message
news:45e9b2e4$0$8407$6d36acad@fe2.nntpserver.com...
> "David Horne, _the_ chancellor (*)" wrote in message
> news:1huedjx.12hkvsfb0ae7kN%d4g4hd@yahoo.co.uk...
> > Andy Pandy wrote:
> >
> >> "David Horne, _the_ chancellor (*)" wrote in message
> >> news:1hud7ql.knhr5zfxlm4N%d4g4hd@yahoo.co.uk...
> >> > Hatunen wrote:
> >> >
> >> > > On Fri, 2 Mar 2007 18:51:31 -0000, "JohnT"
> >> > > wrote:
> >> > >
> >> > > >
> >> > > >"April 2007" wrote in message
> >> > > >news:45e85408$0$8461$6d36acad@fe2.nntpserver.com...
> >> > > >>I understand Capital One credit card (mastercard), does not charge
> >> > > >>any
> >> > > >> foreign transaction fee. Is this correct?
> >> > > >>
> >> > > >> Is there any other credit card which do not charge any foreign
> >> > > >> country
> >> > > >> transaction fee, outside of USA?
> >> > > >>
> >> > > >> Is American Express do not charge any foreign transaction fee,
> >> > > >> correct?
> >> > > >>
> >> > > >
> >> > > >Nationwide Visa card does not charge any transaction fees for
> >> > > >currency
> >> > > >conversions.
> >> > >
> >> > > Visa, like MasterCard, charges about 1% on the echange rate. But
> >> > > many card issuing banks now take on another 2%. Or is
> >> > > "Nationwide" an issuer that doesn't charge this? I see there's a
> >> > > Nationwide federal credit union. Many credit unions don't carge
> >> > > this extra amount.
> >> >
> >> > He's referring to Nationwide UK, which doesn't charge onto the exchange
> >> > rate, nor have any fees, for visa purchases, ATM withdrawals etc.
> >>
> >> Their credit card does have fees for ATM withdrawals, their debit card
> >> doesn't.
> >
> > Ah- I use a debit card for ATM withdrawals.
> >
> > --
> > (*) ... of the royal duchy of city south and deansgate
> > David Horne- http://www.davidhorne.net
> > (don't email yahoo address) usenet (at) davidhorne (dot) co (dot) uk
>
> I just called our Visa debit card (issued by Meriwest credit union) customer
> service. They do charge 1% for foreign transaction for ATM withdrawals and
> any charges per transaction.

Yup - most banks do. 1% isn't bad, most UK banks seem to charge 2.75% exchange rate
loading plus 1.5% fee! Nationwide are one of the few exceptions.

--
Andy