I was planning to make an online purchase from another country using my Venture X card. When I saw the converted amount in USD, it seemed a bit higher than expected based on the current exchange rate. Upon checking, I discovered that Capital One is charging a 6% currency conversion fee. I was under the impression that foreign transactions with VextureX didn’t have any fees.
Has anyone else experienced this, or am I missing something?
Will I see exchange rate fluctuations on my Capital One statement?
Do Capital One business cards charge currency conversion fees?
Are there any limits on international purchases with Capital One?
Capital one is supposed to have no foreign transaction fee. I get that Mastercard takes a small amount off the top (1% or less) but it seems capital one or maybe it’s MC is offering a terrible rate for usd to MXN conversion? I don’t seem to have this problem for USD to EUR transactions, only seem to be getting screwed over when it comes to USD to MXN
What CC from the US offers the best rate? Is this happening with other MC cards or is it just cap one? Wondering if visa is better.
For example I just made a 214 MXN purchase which at time of conversion is $11.03 and was charged $11.48. This is 4% extra