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iirc the forex rates are set by the payment network i.e. MasterCard, hence you should be no worse off than any other MC card
by HeavenFox 7y ago
iirc the forex rates are set by the payment network i.e. MasterCard, hence you should be no worse off than any other MC card
- pyromine 7y agoWhile forex is set by the network, some cards charge a cross border assessment (CBA) fee on international purchases. Though admittedly I have 3 cards with no CBA and only that charges a 3.8% CBA... but I did prioritize for cards better for international travel. Most of my friends have cards that do charge a CBA
- TazeTSchnitzel 7y agoMC provide a currency conversion rate, yes, but a lot of card issuers also add a foreign transaction fee of some kind on top of that, sometimes both a percentage and a fixed charge.