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New Member |
My husband recently deployed and I've noticed that we are getting charged a 2% international transaction fee every time he uses his card. I've notified the bank that he is deployed and will be using his card overseas, however they said the fees will continue. Does the SSCRA cover this?
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Forum Project Manager |
no it does not.
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Lead Moderator, Veterans Issues Forums davem-milcom@cinci.rr.com Founding Member DVG  |
You might want to check and see what credit cards charge lower fees.
Here are some of the fees as of December: * Capital One: 0% transaction fee. (Capital One not only doesn't impose its own fee, but it also eats the 1% fee that Visa or MasterCard impose.) * Discover: 0% transaction fee (Note, however, that Discover is accepted on a limited basis outside of North America.) * American Express: 2% (Increasing to 2.7% January 1, 2009) * Pulaski Bank: 2% * Barclays/Juniper Bank: 2%-3%, depending on card * Bank of America: 3% * Chase: 3% * Citibank: 3% * GE Money 3% * HSBC: 3% * U.S. Bancorp (U.S. Bank): 3% * Wells Fargo: 3% |
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New Member |
Under present economic conditions I doubt any bank is in a position to eliminate their foreign transaction fees. The worst of it is that many banks impose a foreign transaction fee even if the purchase is based in US$. USAA is at 1%, I think. Maybe you can switch banks. |
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