Quote:
Originally Posted by Exile
Because I live outside the U.S. a big disincentive for me to use them is that I would get whacked with a 3% currency conversion fee by my card issuer which would more than offset my rewards points.
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I just read an article explaining how Americans can get hit with the 3% conversion fee even when making a charge here in the US. It happens in the travel industry. If I go to a US travel agent and purchase a travel package in US dollars for travel outside of the US, the charge might actually be processed through a non-US provider, thus triggering the conversion fee. What a rip off!