Posted April 17th, 2014, 06:50 AM
Last edited by calliopecruiser; April 17th, 2014 at 06:51 AM Reason: more typos
Sorry, you need to look at the bigger picture. The addition of a credit card fee in countries that allow such fees does not mean that the product is necessarily more expensive in those countries when bought by credit card, or that the product would necessarily be cheaper if such fees were not allowed there.
I don't care if it's cheaper -- that's another argument. I'm talking about a specific additional charge that is unavoidable as an international traveler that could be avoided if I was a local. I feel gouged because I have no option other than to pay by credit card, and that makes me feel as if either they don't want my business or they want to gouge me.
So your complaint that you're paying more in total when you pay a fee for using a credit card is more a matter of perception than reality.
Yes, but it's your perception that is wrong -- that was never my complaint. I don't like being penalized for buying something over the internet from 8000 miles away when I have no other feasilble option.
If the card company doesn't charge currency conversion fees, there will be some other costs. Credit card companies aren't charities, and "no currency conversion fees" is a marketing device not a piece of altruism. So make sure you find out what the costs are, and how to avoid them (if you can).
Well, duh! Of course they're not charities or altruistic. Credit card companies make most of their money from interest payments on charges, and their interest rates are exhorbitant. However, if you pay your bill in full and on time, you don't need to worry about whether their interest rates are higher than someone else's.