Foreign Transaction Fee Refund?
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Foreign Transaction Fee Refund?
Did anyone else get a letter recently about a court settlement refunding foreign transaction fees if you used your credit card in another country? I was reading a post about it in the Lounge, and I checked our mail, and we got one too. It says if we travelled for a week, we're entitled to a $25 refund.
#2
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As a matter of fact I got that letter today in the mail too. Not sure what to make of it other than what you just said. I haven't had a chance to read the fine print, but I believe the case is based on a couple of banks charging excessive fees for basic transactions and hid those fees in the curency exchange rate. Don't hold me to this, is just my first impression (I may also be getting this case mixed up with another)...I plan to ask for my $25.
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I also got a letter. Is anyone planning on asking for more then the 25 dollars. I traveled alot during those years and I had one purchase alone of over 1500 dollars. No regrets but I just had to have a special table from Thailand!
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there is a long thread about this in the Fodorite Lounge
http://www.fodors.com/forums/threads...p;tid=35093085
I guess its not for us Canadians..
http://www.fodors.com/forums/threads...p;tid=35093085
I guess its not for us Canadians..
#8
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It's really easy to apply for the refund online, so you don't have to even mail back the paperwork. A few clicks, and you'll have $25 coming to you.
They say to use the "easy form" if you think you charged less than $2,500 on your credit cards while out of the country in that time period. That's the form I filled out (online). You just put in the ID number that's printed on the letter they sent you.
They say to use the "easy form" if you think you charged less than $2,500 on your credit cards while out of the country in that time period. That's the form I filled out (online). You just put in the ID number that's printed on the letter they sent you.
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I chose Option 2 where you get a 1% refund based on their calculations. We were out of the country 161 days during that time period between 1996 and 2006.
We would have liked to have used Option 3 (3% refund) where you actually list the credit card numbers you used, but we've changed cards a few times, so that wasn't possible for us to do. If I'd kept all of our credit card statements, I'd have that info, but I didn't.
It will be interesting to see what happens.
We would have liked to have used Option 3 (3% refund) where you actually list the credit card numbers you used, but we've changed cards a few times, so that wasn't possible for us to do. If I'd kept all of our credit card statements, I'd have that info, but I didn't.
It will be interesting to see what happens.
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hellokittie
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Sep 19th, 2006 03:30 PM