Re: Mastercard - fee on foreign transactions?

Cal <kfs@xxxxxxx> wrote:

Just received notice on my Mastercard - they're now charging a 3% fee
on all foreign transactions. Not sure whether this is bank-specific
or applies to all Mastercards. Anyone happen to know?

Its your bank. Mastercard charges your bank 1% for foreign currency transactions
and slightly less for foreign transactions billed in US dollars. Your bank is
adding an override and passing everything on to you.
.