Comments on: 5 ways the new credit card law will affect travelers

By: David Chen

David Chen — Wed, 31 Mar 2010 20:03:21 +0000

Some foreign airlines such as Air Canada process U$ credit card charges through their U.S.-based office, thus bypassing any fx fees.

By: CeLe Schreiber

CeLe Schreiber — Mon, 29 Mar 2010 22:59:56 +0000

i spoke to Discover twice and the call is recorder and asked to check with a supervisor and said that I had an article about being charged for foreign purchases with dollars..They told me it was only for cash advances. I recently booked a tour and foreign airline through my travel agent and either took Discover, so I used my Capital one for the airline part…My agent checked only with American Express and they said if the transaction is paid for from an American city there would be no extra charge. I still believe that is all up in the air and no guarantee…For sure if an foreign airline is booked online the extra fee will apply. Next time I will call all over again and check. By that time it will probablly be clearer…Capital One all the way..

By: kenish

kenish — Sun, 28 Mar 2010 07:07:04 +0000

CapitalOne also includes a “cash reward” where 1% of most purchases are rebated back. This can be used to pay the CC bill, or they can transfer the amount into your bank account. So international CapOne transactions net out at 1% better than the prevailing exchange rate….great deal!

I banked with Washington Mutual who had low fees for overseas ATM use….now that they have been taken over by Chase, the latter has a pretty hefty fee. Time to change banks!

By: How to Spend Money Abroad – Tips on Accessing and Using your Traveling Cash | AirTreks Travel Blog

Tue, 09 Mar 2010 18:32:10 +0000

[...] Job #1 is to find the best travel credit card for purchase transactions, then use it. The biggest detriment, however, to using a credit card for everything under the sun is the foreign transaction fee – a charge on all the purchases you make overseas. If you use it a lot, this will certainly add up. The recent US government Credit CARD Act, while being generally beneficial, has only served to further complicate the travel card matter. [...]

By: MJ’s Travel Favorites 2-28-10 | Traveling with MJ

MJ’s Travel Favorites 2-28-10 | Traveling with MJ — Sun, 28 Feb 2010 15:12:47 +0000

[...] Consumer Traveler reminds us that new credit card laws are on the horizon and they’re going to affect travelers. It’s not just earthquakes and tsunami that are dangerous! [...]

By: Mark in IAH

Mark in IAH — Tue, 23 Feb 2010 18:21:51 +0000

Another case of Congress messing up the works in their desire to appear to be doing something relevant. What a waste of the taxpayer’s money.

By: JK

JK — Tue, 23 Feb 2010 18:09:24 +0000

We use CapitalOne exclusively for foreign travel. When overseas, the overwhelming majority of our expenses end up on this card and this is really the only reason we keep it.

By: Natalie

Natalie — Mon, 22 Feb 2010 21:00:49 +0000

Yup, just got my new Terms & Conditions from CapitalOne in the mail in advance of the new law taking affect. Still no foreign transaction fees and I’m happy to see that. I actually don’t use the CapitalOne card much anymore because another card I use gets me travel points. However, I’m going to use the CapitalOne card exclusively while traveling internationally very soon. I’m considering penning a letter to my other credit card company to let them know I’ll be out of the country and also to inform them about the business they will be losing from my trip.

By: Ed Wetschler

Ed Wetschler — Mon, 22 Feb 2010 20:34:29 +0000

Terrific article. I levitated from my chair when I read that Citi and B of America are levying foreign transaction fees on charges made in dollars. One more reason why Ken Lewis avoids dark alleys.

By: Henry Mensch

Henry Mensch — Mon, 22 Feb 2010 05:31:57 +0000

Re: the amex quote above re late payments … nothing new there–that’s been their policy for years.