Jump to content
Sign in to follow this  
alrager

Credit cards...hidden prices????

Recommended Posts

I have a question. I charged some money to Mexico on my credit card and I

was charged an extra couple hundred dollars from my credit card company to

convert it from dollars to pesos. My credit card company charges me extra 3 or 4% for purchases made in other countries.

 

smile43.gifHas anyone else experienced this problem with using their credit card in Mexico.

 

I called and complained to my credit card company and they refunded me the money but I am worried about my guests using credit cards in Mexico now.

 

I wanted to warn them if it has happened to any of you....or is it just my

stupid credit card.

 

Amy R.

Share this post


Link to post
Share on other sites

Most of them charge a fee, but I thought it was usually 1-2%. I heard you can asked to be billed in dollars when you use a CC. I looked into this a bunch before going to London. For that trip, the best thing to do was to get money out of the ATMs. We actually paid no fees & got a great conversion rate. We used credit cards for gas once because we were running out of cash & did get a 1-3% fee. I'm surprised you got it removed. What did you say?

 

Does anyone know the best way to pay in mexico? When I was there, I brought some cash. I paid for an excursion with CC. I don't think there was a fee, but this was 8 years ago. I think the fees are more recent. We couldn't find a single ATM with money it in, so I could never get more. Luckily I found a $20 on the bathroom floor. We didn't get any pesos. I don't think its necessary.

Share this post


Link to post
Share on other sites

The credit card was a Citi Mastercard. I am glad to hear that others so far hasn't had the problem...maybe it is just my stupid credit card.

 

Amy R.

Share this post


Link to post
Share on other sites

Most of my credit cards tack on some kind of conversion fee. They convert from the local currency to the dollar using that day's official conversion rate and then tack on 1 to 3% depending on the card. It's probably still better to use your credit card than to exchange money through the hotel or at the airport; even with the "convenience" fee the rate may still end up better. You may want to tell your guests to check with their credit card company to see what their exchange rates are. There might also be a discrepancy in what you think you should be charged and what you are charged depending on whether the foreign business charged the credit card company in dollars or the foreign currency - one way incurs more fees than the other. I forget which is which.

 

-V-

Share this post


Link to post
Share on other sites

Yes, the 1-3% fee is definitly better than the exchange rates you'd get at the airport or train station. I think there is a capitol 1 card that doesnt charge a conversion fee. Its pretty standard though, thats why I'm so surprised they removed it. The fee isn't a big deal if you are just paying for a few things on the trip, but what do people do when they are paying for big stuff for the wedding? 1-3% could make a difference.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  


  • Best Destination Wedding Sponsors



    Facebook Pinterest Google+ Twitter
  • Posts

    • Another option is to find an app that allows for group talk. This Wedding Party App looks pretty neat. https://apracticalwedding.com/wedding-party-app/ 
    • Hi Everyone, So, I was cleaning out my closet and realized that I never sold off my extra wedding OOT bag stuff from our wonderful DW.   46 Daily Spanish for Dummies 30 Pool colored OOT fabric bags - approximately 13in x 13in. They lay flat.  I used them for our wedding and they were perfect for everything we needed to fit in each bag. There’s a slight shade variation in the group; I’m guessing some were cut from a different bolt of fabric.  They are also a little wrinkled from storage and will probably be wrinkled from shipping. I have three additional ones, but they somehow got something on them (likely toddler related). If needed, I can try to wash it out and send those as well. 
    • I’m getting married in six months to my foreign girlfriend. I was advised by a friend that one of the things I need to do before saying I do is to get a prenuptial agreement. Basically it’s supposed to protect my assets and properties in case my relationship with my future wife goes down the drain. I don’t know though if this is an acceptable practice when marrying Kiev ladies. I don’t want to do it if it would be insulting on her end. I need advice on this. Please help me.
    • So we are currently looking for an all inclusive resort for the wedding. We have 60 guests and found all the Dreams resorts as options and all of them gave us a quote and discounted price since it’s off season etc. Resorts in Punta Canta gave us a reasonable price, Dominicus gave us a really good deal then La Romana Resort and Spa gave us their regular price and so hard to negotiate. Will someone tell us how special is this resort that they won’t give us a good discount when all my guests are staying in their resort for 5-8 days. We are bringing $$$ in their resort and not give us a discount?  What is so special with this resort?  Can somebody recommend a beautiful resort? 
    • Hello Everyone, Share your favorite wedding venues. And also give me a Solution. I choose Wedding Venues in mobile al the Anne-marie cottage.
  • Topics

×