Hello all,
Strangely enough, I just received a notice of a class action suit in this
months Visa bill. It seems that the plaintiffs claims that "Visa,
MasterCard, Diners Club conspired to set and conceal fees, typically 1-3%,
on foreign transactions" and plenty of other legal stuff. Also, last fall
after a trip to Canada, I noticed extra fees broken out on my bill. When I
called, they said that these weren't new fees but in the past were lumped
into the 'rate' of exchange that was used to calc the charges in USD. I
guess they were trying to be preemptive.
Scott Coles
MASCOT Mainship 390
Looping in June.....(Hope we're ready!)
----- Original Message -----
From: "Gregory Han" hangreg@gmail.com
Last year we spent 4 months in Canada and charged on our American
Express and Citicard Visa. We did not notice initially but we were
charged a 3% fee on every canadian $ charge when billed in $US.
This year we signed up for a MC from Capital One which does not charge a
fee.
Since we tend to charge everything both for convenience and record
keeping this fee added up.
Take a look at http://www.epinions.com/content_1371775108 for more info.
Just thought it might be of interest
Of course YMMV
--
Greg and Susan Han
Allegria Krogen Whaleback #16
Hello all,
Strangely enough, I just received a notice of a class action suit in this
months Visa bill. It seems that the plaintiffs claims that "Visa,
MasterCard, Diners Club conspired to set and conceal fees, typically 1-3%,
on foreign transactions" and plenty of other legal stuff. Also, last fall
after a trip to Canada, I noticed extra fees broken out on my bill. When I
called, they said that these weren't new fees but in the past were lumped
into the 'rate' of exchange that was used to calc the charges in USD. I
guess they were trying to be preemptive.
Scott Coles
MASCOT Mainship 390
Looping in June.....(Hope we're ready!)
----- Original Message -----
From: "Gregory Han" <hangreg@gmail.com>
> Last year we spent 4 months in Canada and charged on our American
> Express and Citicard Visa. We did not notice initially but we were
> charged a 3% fee on every canadian $ charge when billed in $US.
>
> This year we signed up for a MC from Capital One which does not charge a
> fee.
> Since we tend to charge everything both for convenience and record
> keeping this fee added up.
>
> Take a look at http://www.epinions.com/content_1371775108 for more info.
>
> Just thought it might be of interest
>
> Of course YMMV
>
> --
> Greg and Susan Han
> Allegria Krogen Whaleback #16
