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Are you sure of this? Most credit card companies quote FX commissions of 1.75% to 2.5%, which I understood to be on top of the normal bank fx rates.WizardDr said:firstly the rates that credit cards companies use are slightly better than you will get in a bank.
That's not my understanding - From [broken link removed]WizardDr said:The 'extra' you mention does not arise on the straight debits for normal spending. Commission might apply to cash extraction, but this varies form NIL upwards.
Any amount (other than a euro amount) charged to the account in respect of the use of the Credit Card in Ireland and abroad will be converted to euro at an exchange rate determined by the Bank on the date such amount is debited to the account.
A cross-border handling fee of up to 1.75% may apply to such transactions and to euro transactions undertaken outside the European Union.
With the additional FX commission that applies to every euro debit on his GBP credit card (assuming UK card issues have similar charges to Ireland).WizardDr said:- and that euro debits for purchases could also be debited;
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