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Credit Card Charges #219103
02/28/2020 05:37 PM
02/28/2020 05:37 PM
Joined: Apr 2017
Posts: 24
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srl520 Offline OP
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srl520  Offline OP
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Joined: Apr 2017
Posts: 24
I did a search on CC in this forum and went back 4 pages but didn't really find my answer. I checked with my CC company and they stated that I can use the card w/o any exchange fee's/charges if the merchant charges in USD. If charged in local currencies there is a 3% charge/transaction. So they advised me to ask the merchant to charge my card in USD if I have a choice.
What is the norm?
Do they charge in local currency?
Do you ask them to charge in USD?
Or is it better to have them charge in local currency and pay the 3% fee and pay the $3.00 on $100 dollars spent?
I was looking at using the card primarily for the larger expenses that I accrue.

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Re: Credit Card Charges [Re: srl520] #219105
02/28/2020 06:02 PM
02/28/2020 06:02 PM
Joined: Mar 2009
Posts: 18,694
Auburn, WA
SXMScubaman Online content
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SXMScubaman  Online Content
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Joined: Mar 2009
Posts: 18,694
Auburn, WA
The Dutch side will charge in Dollars but French side will charge in Euro. If you ask the merchant on French side to charge in Dollars instead of Euro they will convert it with whatever exchange they want to which could be more than the 3% the CC will charge. All my CC's, Citi and Bank of America, don't have any foreign or conversion fees. You might want to look into getting one of those.

Re: Credit Card Charges [Re: srl520] #219107
02/28/2020 06:07 PM
02/28/2020 06:07 PM
Joined: May 2008
Posts: 689
Lake Texoma, Texas
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cruzer Offline
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cruzer  Offline
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Joined: May 2008
Posts: 689
Lake Texoma, Texas
If you're on the Dutch side, they have always charged me exclusively in Dollars, so it shouldn't be an issue. On the French side, you may have to engage in some mental gymnastics if you're so inclined, and compare their exchange rate differential to the 3% vigorish to determine the better way to charge. But, some places only charge in Euros. Also, some places offer a better exchange rate for cash $, so you might want to use cash in places that offer favorable exchange rates for cash.

And, I am aware that many folks don't want to engage in these mental exercises during vacation.

Last edited by cruzer; 02/28/2020 06:08 PM.
Re: Credit Card Charges [Re: SXMScubaman] #219108
02/28/2020 06:15 PM
02/28/2020 06:15 PM
Joined: Apr 2017
Posts: 24
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srl520 Offline OP
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srl520  Offline OP
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Joined: Apr 2017
Posts: 24
That's interesting. Citi bank is who I talk to. The conversation I had with them was what I explained in my question above.

Re: Credit Card Charges [Re: srl520] #219113
02/28/2020 07:32 PM
02/28/2020 07:32 PM
Joined: Jul 2006
Posts: 13,413
Peaceful Eastern North Carolin...
GaKaye Offline
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GaKaye  Offline
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Posts: 13,413
Peaceful Eastern North Carolin...
The key is to have a card that doesn't charge either foreign transaction fees or currency conversion fees; they are two different things. Once you have that card, you should have your French side charges put through in Euros, which will get you the best available conversion fee when the charge hits your account. Dutch side charges are always in US dollars.

Citi has numerous cards; some charge fees and some don't.

Re: Credit Card Charges [Re: srl520] #219114
02/28/2020 07:39 PM
02/28/2020 07:39 PM
Joined: Mar 2009
Posts: 18,694
Auburn, WA
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SXMScubaman  Online Content
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Joined: Mar 2009
Posts: 18,694
Auburn, WA
You need a platinum Citi card to get that which is easy to get.

Re: Credit Card Charges [Re: srl520] #219116
02/28/2020 08:48 PM
02/28/2020 08:48 PM
Joined: Dec 2004
Posts: 5,085
Massachusetts
boucharda Offline
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boucharda  Offline
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Joined: Dec 2004
Posts: 5,085
Massachusetts
I have three CC's and neither of them charge foreign exchange fees...easy to find and becoming more common

Re: Credit Card Charges [Re: srl520] #219119
02/28/2020 09:11 PM
02/28/2020 09:11 PM
Joined: Apr 2001
Posts: 14,645
Brookfield, CT.
pat Offline
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pat  Offline
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Joined: Apr 2001
Posts: 14,645
Brookfield, CT.
There are sn incredible number of credit cards out there, all offering different features. We are very partial to our JB cards for airline points and our Capital One for cash back and the added bennies of no foreign conversion fees and both cards charge no annual fees. There’s something out there for every need.

Never an issue charging on the Dutch side in US dollars and no need to ask but we do usually request we be charged in Euros on the French side for the accurate daily conversion rate with our card.


Respectfully,

pat



"Always keep your words soft and sweet, just in case you have to eat
them."
Re: Credit Card Charges [Re: srl520] #219126
02/29/2020 12:32 AM
02/29/2020 12:32 AM
Joined: Oct 2017
Posts: 933
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SammyM Offline
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SammyM  Offline
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Joined: Oct 2017
Posts: 933
Try getting a Capital One VISA card. I closed my card with Citi Bank for the same reasons you experienced above. It's also important to have a zero percent foreign transaction fee if you ever plan to visit Europe. Many countries won't charge your card in U.S. Dollars so having a card with flexibility is a good idea.


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