atm and credit card charges
Jan 22nd, 2011, 06:35 AM
#21
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SS, I think your statements bout Cap One are a little confusing in terms of the usage of the term "surcharge". Cap One doesn't have a foreign transaction fee on anything they do, as far as I know. I have numerous accounts with them because I have not only a CC, but they are actually my own bank, they bought out the local bank in my area and have lots of neighborhood banks. And when they did that, the terms on my bank ATM card changed (thank goodness) so that now I have no foreign transaction fee on it, and I used to.
I think, but am not sure, when you said you had to specifically ask Cap One for a card without a "surcharge" you meant some annual fee for having a card. In any case, their website lists the options and the terms of their various cards which do change at times (and your credit rating affects what you can get, also). In fact, I got my Cap One MC with no surcharges just from applying on the website. I remember when I got mine, they were pushing Mastercards (which I wanted) but at other times they push Visas.
I do not understand dsevig's statement about fees at foreign ATMs from using a Cap One "card". First, you will have stiff fess of all kinds if you use a Cap One credit card at an ATM, but that's because it is a credit card, not because it's a foreign ATM, and the fees are for cash withdrawals by using a credit card, you have very high fees for doing that anywhere, not just abroad. Cap One would charge at least $5 for doing that, I'm sure, as it is a percentage of the amount but with a minimum (cash advances on credit cards).
If it were a Cap One debit card from a bank account of some kind, Cap One isn't going to protect you from some other banks fees (which wouldn't be a bank, but some kind of for=profit ATM machine, as European banks don't charge ATM fees to American cards). And Cap One does not have a 1 pct charge, I know that for a fact as I use it abroad all the time and always look at the rate used when I get the statement and compare it to the official interbank rate on that day.
I think, but am not sure, when you said you had to specifically ask Cap One for a card without a "surcharge" you meant some annual fee for having a card. In any case, their website lists the options and the terms of their various cards which do change at times (and your credit rating affects what you can get, also). In fact, I got my Cap One MC with no surcharges just from applying on the website. I remember when I got mine, they were pushing Mastercards (which I wanted) but at other times they push Visas.
I do not understand dsevig's statement about fees at foreign ATMs from using a Cap One "card". First, you will have stiff fess of all kinds if you use a Cap One credit card at an ATM, but that's because it is a credit card, not because it's a foreign ATM, and the fees are for cash withdrawals by using a credit card, you have very high fees for doing that anywhere, not just abroad. Cap One would charge at least $5 for doing that, I'm sure, as it is a percentage of the amount but with a minimum (cash advances on credit cards).
If it were a Cap One debit card from a bank account of some kind, Cap One isn't going to protect you from some other banks fees (which wouldn't be a bank, but some kind of for=profit ATM machine, as European banks don't charge ATM fees to American cards). And Cap One does not have a 1 pct charge, I know that for a fact as I use it abroad all the time and always look at the rate used when I get the statement and compare it to the official interbank rate on that day.
Jan 22nd, 2011, 11:06 AM
#23
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Capital One is certainly not the only place where one can save on foreign transaction fees. Here is a rundown of what is available:
http://www.flyerguide.com/wiki/index...reign_Exchange
http://www.flyerguide.com/wiki/index...reign_Exchange
Jan 26th, 2011, 06:00 AM
#24
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simple enough. I signed up for a capital One card, no fee, no ftf,no rewards--why bother, I'll only use it when I'm abroad. I'd certainly never get a cash advance anyway. It still doesn't get me around the 3% fee on my atm card.
