When i go to signup for a card, and click terms and conditions, they say this:
Quote:
21. Transactions in Foreign Currencies and Currency Conversion Fees
If you obtain cash, transfer funds or make a purchase in a currency other than United States currency, MasterCard International Incorporated ("MasterCard®") will convert the transaction into United States currency. Currently, the currency conversion rate used by MasterCard® is either a wholesale market rate or the government-mandated rate in effect one day prior to the processing date for the transaction. The currency conversion rate used by MasterCard® on the processing date may differ from the rate in effect on the transaction date or on the date that the transaction posts to your Card Account. We will increase the currency conversion rate by an additional 2.95% and will retain this additional 2.95% amount as an additional fee.
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Now I dunno how much all others take, but you can be sure that if they take 3% from each withdrawal, among other fees, they have no reason to shut down and run with your money.
