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2.5% Foreign Currency Conversion Fee being introduced

 
 
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Discuss 2.5% Foreign Currency Conversion Fee being introduced, on the CitiBank Rewards Program forum of FrequentFlyer.com.au, the home of frequent flyers.
 

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  #21 (permalink)  
Old 24th December 2006, 05:48 PM
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Re: 2.5% Foreign Currency Conversion Fee being introduced
Quote:
Originally Posted by serfty
Going by XE.com:

....

So I guess CitiBank are already taking a 3% commission.

I guess an additional fee of 2.5% would apply to the CitiBank Visa making 5.5%!
It appears they are taking a 3% commission on the mid market rates quoted on XE.com.

If I remember correctly cash rates are only marginally better.

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  #22 (permalink)  
Old 26th December 2006, 11:30 PM
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Re: 2.5% Foreign Currency Conversion Fee being introduced
Ive been reading this forum as I currently use my card for online overseas purchasing, my visa used to be 1.5%, my new master card is 2.5%, so I started to use my old visa, and it too has gone up to 2.5%

are there any cards that have a 0%-1.5% foregin currency charge???
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  #23 (permalink)  
Old 27th December 2006, 10:10 AM
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Re: 2.5% Foreign Currency Conversion Fee being introduced
Hi,

I am very interested with how you managed to extract real bank charges on your FX withdrawals using XE.Com

Can anyone show me how to get such tool?

I've been to the website and only see normal FX quotes...

Thanks

Alex
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  #24 (permalink)  
Old 27th December 2006, 10:18 AM
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Quote:
Originally Posted by aasz1978
... I am very interested with how you managed to extract real bank charges on your FX withdrawals using XE.Com

Can anyone show me how to get such tool? ...
Sure ...

Credit Card Charges Calculator™
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  #25 (permalink)  
Old 27th December 2006, 03:00 PM
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Re: 2.5% Foreign Currency Conversion Fee being introduced
Quote:
Originally Posted by serfty
Thank you....
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  #26 (permalink)  
Old 15th January 2007, 11:25 AM
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Re: 2.5% Foreign Currency Conversion Fee being introduced
Quote:
Originally Posted by akumaslair
Ive been reading this forum as I currently use my card for online overseas purchasing, my visa used to be 1.5%, my new master card is 2.5%, so I started to use my old visa, and it too has gone up to 2.5%

are there any cards that have a 0%-1.5% foregin currency charge???
Happy to hear if there's any cards out there as well - with both Citibank and now American Express jacking up their FX charges, I'd certainly be in the market for a card without the same level of gouging (along with the banks increasing ATM charges too, we've almost come full circle where it's cheaper to use money changers again! ).
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  #27 (permalink)  
Old 15th January 2007, 12:50 PM
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The Wizard Clear M/C may be suitable a 'non-gouging' option.

More here in the Wizard Mastercard Cash Advances while overseas and the Money Overseas - ATM, Trav Cheques or VISA threads.
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  #28 (permalink)  
Old 24th February 2007, 12:19 PM
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Re: 2.5% Foreign Currency Conversion Fee being introduced
I am pretty sure ANZ QANTAS FF VISA also charges 2.5% on all foreign currency transactions as well ... have done for a while.

Can anyone else confirm this?

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