Quote:
Originally Posted by killswitch
Some credit cards like the 28degrees International card (GE) have no international transaction fees, currency conversion fees and annual fees. It also didnt have cash withdrawal fees until this year (people kept loading it up with money and withdrawing it overseas).
It uses the Mastercard rates which is pretty good. Current rate:
Mastercard - 0.85650
XE.com - 0.86332
I maxed out my card when the dollar hit around $1.10.
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The only thing you have to be wary of is that if your card is stolen or defrauded, GE Money (and most other banks) only cover you for the credit limit part.
If one tops up the card to a positive balance, that balance is not covered in the event of fraud. So the wise thing to do is to B-pay small amounts like $2000 into the account, then take it out from the ATM when it arrives. This is so easy to do with a smart phone nowadays, it makes me wonder how we ever did without one in the past.
Regards,
Renato