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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
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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%
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:T :T Nice !!0
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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
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Surely you get the standard Mastercard rate (with the Capitalone loading charge on top).0
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