Quote:
Originally Posted by m_bisson
I've never been charged by Mastercard for buying stuff from the states.
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Yes, you have. It's just been hidden in the currency conversion rate.
US banks are required to itemize it now, which is why the OP noticed it.
Visa and Mastercard each charge a 1% conversion rate, many banks add 2-3% on top of that.
Capital One eats the 1% on foreign exchanges - they don't charge a conversion fee at all.
I'm not affiliated with Capital One in any way, but I do have one of their cards for that very reason. It's great for traveling internationally.