Almost threw away a check.

[wurm]

Hey, it was a whopping $18.04, but it looked like a typical piece of junk mail. It was for the "Foreign Currency Fee Litigation Settlement" class action lawsuit. I almost feel guilty cashing it because I never converted any foreign currency and therefore never paid a fee.


I said I almost feel guilty.

[colonel panic]

Just cashed mine yesterday. Unfortunately I've paid a lot of those fees and the 18.04 won't begin to cover it.

[Chakravartin]

I've paid lots of those fees. And this settlement is only supposed to compensate for fees charged between 1996-2006.

I still get charged foreign transaction fees. Not only am I hit with them when I travel to Canada, but I also get charged a foreign transaction fee every time that I charge a PayPal payment to a Chinese seller or buy books from Amazon.co.uk.

The credit card companies are not dropping the fees. And that begs the question... How is a one-time $18 payment supposed to compensate me for an indefinite number of fees on future transactions?

[Buzz]

Chakravartin wrote:
I've paid lots of those fees. And this settlement is only supposed to compensate for fees charged between 1996-2006.

I still get charged foreign transaction fees. Not only am I hit with them when I travel to Canada, but I also get charged a foreign transaction fee every time that I charge a PayPal payment to a Chinese seller or buy books from Amazon.co.uk.

The credit card companies are not dropping the fees. And that begs the question... How is a one-time $18 payment supposed to compensate me for an indefinite number of fees on future transactions?

You're kidding, right?
The eighteen bucks is lunch for you, while the lawyers reap millions.
The credit card issuers reap millions.
Same old story... just enjoy the lunch while you can.

///

[Lux Interior]

Capital One.

The only reason I have one is for charging things in Europe.



Edit: Credit card, that is, in case it wasn't clear.

[Mac-A-Matic]

I'm with Lux.

I travel quite a bit and Capital One does not charge those foreign transaction fees.

Interesting bit that I read yesterday though.

Recently received a new Chase United Explorer Card, which charges foreign exchange fees. You would think that United would push for no fees since it's supposedly going to be used by their frequent travelers, but no. Chase said in an article that they have a higher priced card (I forgot the name) that earns UA miles and does not have foreign exchange fees.

[NewtonMP2100]

.....I almost just THREW up.....