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car hire and credit card foreign transaction fees
safran1
Posts: 1 Newbie
in Credit cards
I followed MSE advice for car hire and took out separate excess insurance so when I rented the car I was charged 900euros deposit on my credit card on my statement I was also charged a foreign transaction fee of 22gbp. When I got reimbersed for the deposit my bank charged another 20gbp for foreign transaction. That added 44GBP foreign transactions fees for credit card to the cost of my car hire -would it have been better to take out insurance with the hiring company instead?
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Comments
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Call your CC company and ask them to refund both charges.
Don't know about the insurance, but it's certainly better to use for foreign transactions a card that doesn't charge for currency conversion:
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