We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Capitalone cashback:The best card for overseas spending
sammyboy999
Posts: 23 Forumite
in Credit cards
... but only during the first 3 months.
I've just spoken to Capitalone who confirm that, although there is a 2.75% foreign conversion fee, you still earn 4% cashback during the first 3 months.
You therefore earn 1.25% for all overseas purchases!!
:T
I've just spoken to Capitalone who confirm that, although there is a 2.75% foreign conversion fee, you still earn 4% cashback during the first 3 months.
You therefore earn 1.25% for all overseas purchases!!
:T
0
Comments
-
Not quite...
Say you buy something for 200 USD and the ex rate is $2 = £1.
The ex rate after the 2.75% commision becomes $1.945 = £1
So you pay £102.83 instead of £100.
Your 4% cashback on this gives you £4.11
Less the £2.83 commision you paid makes a net gain of £1.28 = 1.28%
So slightly better than 1.25%
0 -
:T :T Nice !!0
-
This also assumes that you get a decent $ to £ exchange rate from Capitalone. This is not guaranteed. Whilst I get a brilliant exchange rate with my Nationwide card, I am not sure the same applies with Capitalone.0
-
Surely you get the standard Mastercard rate (with the Capitalone loading charge on top).0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards