What a rip.
http://overseasdigest.com/foreign-cr...rd-charges.htm
I think Citibank is the king of these types of fees and terms, though Bank of America and Chase certainly give them a run for the money.
From the above-linked article:
"
Bank of America charges a 2-percent fee each time a customer uses an ATM card, debit card or credit card outside the country...
Other
issuers charging a 2-percent surcharge on foreign transactions on top of the 1-percent charge from Visa and MasterCard include
Citibank, Bank One/First USA, Chase Manhattan, Providian and Wells Fargo, according to a recent phone survey by Bankrate.com.
Who's not charging these sneaky, new fees? A handful of big issuers and lots of smaller ones.
Capital One, MBNA America, FleetBoston and Wachovia Bank are not charging extra fees on foreign transactions at this time.
None of the nation's
credit unions charge these kinds of fees.
Most community banks don't either.