Credit Card Charges Which Your Bank Never Reveals
What about the currency conversion rate?
As a credit user you must know that the currency conversion rate in some cases might not be the similar to the date on which you made the transaction. Conversion rate applied are of the date when transaction is notified to Visa/MasterCard by the merchant. There might be a case when merchant sends this data one or two days after the actual transaction date.
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Can we know about the charges applied beforehand?
You can enquire with the customer care of the bank regarding their charges and they will tell you the applicable fees beforehand. You can use this information to do the cost benefit analysis of using your credit card for foreign transaction.
One of the better uses of this data is to find out the best credit card which charges minimal cost for overseas transactions and a frequent flier must do that.
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