Foreign Currency Cost Comaprison

16 Jul 2007 real_mccoy said

For Australians travelling overseas here is a cost comparison for the various ways to access your money. Cheap Credit Card is the Wizard Clear Advantage Mastercard. This is all AUD$


Source: Choice Magazine, May 2007

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• 17 Jul 2007 SurfAngel said

  

  For those in the US, Capital One offers a credit card that doesn’t charge a “foreign currency conversion fee”. Most cards typically charge 3% when used overseas.

  For those in the US, Capital One offers a credit card that doesn't charge a "foreign currency conversion fee". Most cards typically charge 3% when used overseas. or Cancel
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• 17 Jul 2007 ptooma said

  

  quote:

  Originally posted by SurfAngel:
  For those in the US, Capital One offers a credit card that doesn’t charge a “foreign currency conversion fee”. Most cards typically charge 3% when used overseas.

  
  
  might wanna supply more details… URL link perhaps?
  
  

  <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by SurfAngel:<BR>For those in the US, Capital One offers a credit card that doesn't charge a "foreign currency conversion fee". Most cards typically charge 3% when used overseas. </div></BLOCKQUOTE><BR><span class="ev_code_black"><BR>might wanna supply more details... URL link perhaps?<BR><BR></span> or Cancel
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• 17 Jul 2007 Loogie said

  

  Another thing to keep in mind before you go on holiday, is that you may want to call the credit card company to inform them you’re going away, so that they don’t think the card has been stolen and cut you off.
  
  Nothing worse than wanting to buy that one souveneir in Paris and not being able to.
  
  
  Brian
  brij75@yahoo.com

  Another thing to keep in mind before you go on holiday, is that you may want to call the credit card company to inform them you're going away, so that they don't think the card has been stolen and cut you off.<BR><BR>Nothing worse than wanting to buy that one souveneir in Paris and not being able to.<BR><BR><BR>Brian<BR>brij75@yahoo.com or Cancel
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• 17 Jul 2007 Jeremy said

  

  ptooma, I am pretty sure all capital one credit cards do not have a foreign conversion fee, and they also cover the 1% that visa normally charges. So it is zero percent. That is not to say that cash advances are free, regular fees apply to those still. So people still need a way to get cash out with lowest fees possible.
  
  I bank with USBank and they charge like $2 per use fee, plus 3% conversion, plus local ATM fees. So I’ve been trying to find prepaid debit/travel cards with the lowest fees. The best i’ve found for a prepaid debit card is the Capital One No Hassle Prepaid Visa Debit Card. It’s $1.75 for withdrawal, plus whatever the foreign bank ATM fee is, and since this is a Debit they do charge the 1% conversion fee from VISA. I’ve found some seriously crazy ones that go upwards of 7% plus flat fees. I am not giving anyone free money. If anyone has found any better ones for US residents [without having to switch banks] I’d be glad to hear it!
  
  http://www.capitalone.com/prepaid/offers/browse/index.php
  
  I emailed them to confirm fees and to see about a secondary card. I have a capital one credit card already with a low [$1000] balance. I just need the low fee debit card for my travels <!--graemlin::)-->

  ptooma, I am pretty sure all capital one <B>credit cards</B> do not have a foreign conversion fee, and they also cover the 1% that visa normally charges. So it is zero percent. That is not to say that cash advances are free, regular fees apply to those still. So people still need a way to get cash out with lowest fees possible. <BR><BR>I bank with USBank and they charge like $2 per use fee, plus 3% conversion, plus local ATM fees. So I've been trying to find prepaid debit/travel cards with the lowest fees. The best i've found for a prepaid debit card is the Capital One No Hassle Prepaid Visa Debit Card. It's $1.75 for withdrawal, plus whatever the foreign bank ATM fee is, and since this is a Debit they *do* charge the 1% conversion fee from VISA. I've found some seriously crazy ones that go upwards of 7% plus flat fees. I am not giving anyone free money. If anyone has found any better ones for US residents [without having to switch banks] I'd be glad to hear it!<BR><BR><A HREF="http://www.capitalone.com/prepaid/offers/browse/index.php" TARGET=_blank>http://www.capitalone.com/prepaid/offers/browse/index.php</A><BR><BR>I emailed them to confirm fees and to see about a secondary card. I have a capital one credit card already with a low [$1000] balance. I just need the low fee debit card for my travels <img src="http://connect.contiki.com/groupee_common/emoticons/icon_smile.gif" alt="Smiler" width="15" height="15"><!--graemlin::)--> or Cancel
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• 17 Jul 2007 jackieNY81 said

  

  quote:

  Originally posted by Jeremy:
  ptooma, I am pretty sure all capital one credit cards

  do not have a foreign conversion fee, and they also cover the 1% that visa normally charges. So it is zero percent. That is not to say that cash advances are free, regular fees apply to those still. So people still need a way to get cash out with lowest fees possible.
  
  I bank with USBank and they charge like $2 per use fee, plus 3% conversion, plus local ATM fees. So I’ve been trying to find prepaid debit/travel cards with the lowest fees. The best i’ve found for a prepaid debit card is the Capital One No Hassle Prepaid Visa Debit Card. It’s $1.75 for withdrawal, plus whatever the foreign bank ATM fee is, and since this is a Debit they do charge the 1% conversion fee from VISA. I’ve found some seriously crazy ones that go upwards of 7% plus flat fees. I am not giving anyone free money. If anyone has found any better ones for US residents [without having to switch banks] I’d be glad to hear it!
  
  http://www.capitalone.com/prepaid/offers/browse/index.php
  
  I emailed them to confirm fees and to see about a secondary card. I have a capital one credit card already with a low [$1000] balance. I just need the low fee debit card for my travels <!--graemlin::)-->

  
  
  IMO, capital one sucks.

  <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Jeremy:<BR>ptooma, I am pretty sure all capital one <B>credit cards</B> do not have a foreign conversion fee, and they also cover the 1% that visa normally charges. So it is zero percent. That is not to say that cash advances are free, regular fees apply to those still. So people still need a way to get cash out with lowest fees possible. <BR><BR>I bank with USBank and they charge like $2 per use fee, plus 3% conversion, plus local ATM fees. So I've been trying to find prepaid debit/travel cards with the lowest fees. The best i've found for a prepaid debit card is the Capital One No Hassle Prepaid Visa Debit Card. It's $1.75 for withdrawal, plus whatever the foreign bank ATM fee is, and since this is a Debit they *do* charge the 1% conversion fee from VISA. I've found some seriously crazy ones that go upwards of 7% plus flat fees. I am not giving anyone free money. If anyone has found any better ones for US residents [without having to switch banks] I'd be glad to hear it!<BR><BR><A HREF="http://www.capitalone.com/prepaid/offers/browse/index.php" TARGET=_blank>http://www.capitalone.com/prepaid/offers/browse/index.php</A><BR><BR>I emailed them to confirm fees and to see about a secondary card. I have a capital one credit card already with a low [$1000] balance. I just need the low fee debit card for my travels <img src="http://connect.contiki.com/groupee_common/emoticons/icon_smile.gif" alt="Smiler" width="15" height="15"><!--graemlin::)--> </div></BLOCKQUOTE><BR><BR>IMO, capital one sucks. or Cancel
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• 17 Jul 2007 SurfAngel said

  

  Jeremy, thanks for helping me out on this one. You are correct, all capital one credit cards do not have a conversion fee. Unless I can convince my bank to waive the fee, I will definitely be signing up with them.
  
  JackieNY81, could you provide a little more detail as to why “they suck”? Is it because of poor customer service or other issues? Has anyone else had negative experiences with capital one?

  Jeremy, thanks for helping me out on this one. You are correct, all capital one credit cards do not have a conversion fee. Unless I can convince my bank to waive the fee, I will definitely be signing up with them. <BR><BR>JackieNY81, could you provide a little more detail as to why "they suck"? Is it because of poor customer service or other issues? Has anyone else had negative experiences with capital one? or Cancel
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• 17 Jul 2007 Loogie said

  

  I just know they send me way too much junk mail <!--graemlin::(-->
  
  
  Brian
  brij75@yahoo.com

  I just know they send me way too much junk mail <img src="http://connect.contiki.com/groupee_common/emoticons/icon_frown.gif" alt="Frowner" width="15" height="15"><!--graemlin::(--><BR><BR><BR>Brian<BR>brij75@yahoo.com or Cancel
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• 18 Jul 2007 aroundthe said

  

  Maybe it’s only US Capital One cards. I have a Capital One with MasterCard in Canada and I still get charge an conversion fee.

  Maybe it's only US Capital One cards. I have a Capital One with MasterCard in Canada and I still get charge an conversion fee. or Cancel
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• 18 Jul 2007 Jeremy said

  

  It could be only in the US that it is zero percent. They confirmed through email to me that there is zero percent conversion on the credit cards. The only complaint I have about the service is when I tried to get someone on the phone you could tell their native language was not English and had such a heavy accent that I could not understand them. But the email responses have been great, although a bit slow.

  It could be only in the US that it is zero percent. They confirmed through email to me that there is zero percent conversion on the credit cards. The only complaint I have about the service is when I tried to get someone on the phone you could tell their native language was not English and had such a heavy accent that I could not understand them. But the email responses have been great, although a bit slow. or Cancel
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