Refund of credit card foreign transaction fee?
Dec 6th, 2007, 02:20 PM
#41
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ucsbalum, there are two of these threads running, so I keep forgetting what is posted on each, but I mentioned that the letter I got a couple days ago showed the amount I had filled in before on the claim and specifically stated if I want to stick with the Option 3, then I didn't need to do anything else. On the other hand, I haven't received such a letter for my partner, which was filed at the same time.
Dec 7th, 2007, 03:09 AM
#42
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Hi A,
I first applied for a refund in August.
Yesterday I got a notice from the settlement attorney listing 3 options:
1. Don't send in any confimring information and take $25 now.
2. Make an estimate of how many days you were in foreign countries and let the settlement attorneys calculate, on the basis of an average cost per day, how much you should get.
They might have your credit records inspected, if they still exist.
3. File for the exact amount you think that you are owed. You should have records.
If you don't your claim can be disallowed.
Unless you have very complete records, I suggest using no. 2.
I first applied for a refund in August.
Yesterday I got a notice from the settlement attorney listing 3 options:
1. Don't send in any confimring information and take $25 now.
2. Make an estimate of how many days you were in foreign countries and let the settlement attorneys calculate, on the basis of an average cost per day, how much you should get.
They might have your credit records inspected, if they still exist.
3. File for the exact amount you think that you are owed. You should have records.
If you don't your claim can be disallowed.
Unless you have very complete records, I suggest using no. 2.
Dec 7th, 2007, 07:03 AM
#45
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My husband and I both got the notice. If you chose option 2 you don't have to make the estimate. We had over 300 days each for the 10 ear period so I chanced it rather tan settling for the $25.00 It's "found money" either way.
Dec 7th, 2007, 02:07 PM
#46
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If I'm reading correctly, option 2 will only pay you 1% of an estimated amount which is not disclosed. Option 3, however, states that it will pay 1-3% and I'm assuming that depends on what your bank charged e.g. Citibank charges 3%. It took a little doing to figure out which months in each year that I traveled, but thankfully my pictures are well organized and dated and so I was able to look at those to determine the months. It was easy then to request the statements from Citibank and add up all the foreign transactions. It only took me two days to get twelve statements.
Dec 7th, 2007, 02:21 PM
#47
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I too questioned the validity of this too, but after talking to my credit card company found out it was legit.
I spent about an hour and submitted option #3 and will use whatever we get towards our next trip!
I spent about an hour and submitted option #3 and will use whatever we get towards our next trip!
Dec 7th, 2007, 03:57 PM
#48
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So you give them the estimated number of days, don't have to document that number or show actual credit card transactions?
That is option #2?
And they will calculate the amount based on some average per diem and then give you 1%?
That is option #2?
And they will calculate the amount based on some average per diem and then give you 1%?
Dec 7th, 2007, 07:17 PM
#51
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The word STING certainly does come to mind considering the vague questions asked on the questionaire.
Anyone can say that it's legit but where is the proof? Is there a real contact number or something else from the court to verify the suite?
Anyone can say that it's legit but where is the proof? Is there a real contact number or something else from the court to verify the suite?
Dec 7th, 2007, 08:27 PM
#53
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Arfie, the form comes with a reference number on it. When you get to the web site you enter your reference number. No where are you asked for anything more personal like SS #, bank number, etc. What could the scam possibly be?
>-
Dec 7th, 2007, 11:00 PM
#55
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Answers to many of the posted questions can be found at www.ccfsettlement.com.
Dec 8th, 2007, 02:56 PM
#56
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I have this sitting on my table too and was wondering exactly what to do with it.
I can't be bothered to tally up what I spent abroad over the past 10 years even though I suspect it was mostly likely more than $2500 (although not in credit card transactions).
Upon being satisfied with its legitimacy, I'll probably go for the $25 option.
I can't be bothered to tally up what I spent abroad over the past 10 years even though I suspect it was mostly likely more than $2500 (although not in credit card transactions).
Upon being satisfied with its legitimacy, I'll probably go for the $25 option.
Dec 8th, 2007, 08:13 PM
#58
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Can anyone say whether a Visa/MC card issued by a non-US bank is eligible? I lived overseas 1987-2001, so all my spends and ATMs on Citibank and HSBC cards in Hong Kong, and on ANZ and Westpac in Australia, could qualify, in which case I might do well here.
Thanks,
Steve
Thanks,
Steve
Dec 9th, 2007, 10:47 AM
#60
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For those with any doubts, here is a link to the judge's order giving preliminary approval to the settlement:
http://ccfsettlement.com/documents/m...der-110806.pdf
http://ccfsettlement.com/documents/m...der-110806.pdf
