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How does a US based credit card work in India shopping?

Discussion in 'General Discussions - USA & Canada' started by sssaustin, May 5, 2008.

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  1. May 6, 2008 #11
    Sri2007

    Sri2007 New IL'ite

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    Sorry 2% of your transaction amount
     
    Sri2007, May 6, 2008
    Sri2007, May 6, 2008
    #11
  2. May 6, 2008 #12
    Vandhana

    Vandhana Silver IL'ite

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    Hi SSS,

    I really do not know about this. maybe something new the Credit card companies have come up with??

    Even last year when i went to India, I had charged all my expenses and they did not take a single penny in international transaction charges.

    So I cannot help you there my dear. May be it differs with each bank that issues the VISA card. You might want to call up your credit card customer service and find out.

    Vandhana
     
    Vandhana, May 6, 2008
    Vandhana, May 6, 2008
    #12
  3. May 6, 2008 #13
    sssaustin

    sssaustin Senior IL'ite

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    Oh...never mind Vandana

    I used a Visa card from BOA..

    Actually I was irritated abt the long wait customer service calls..and troubled u all..
     
    sssaustin, May 6, 2008
    sssaustin, May 6, 2008
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  4. May 6, 2008 #14
    sssaustin

    sssaustin Senior IL'ite

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    Somehow got hold of a rep and was told that there is a 3% conversion fee....which for me seems too much...say when I spend $1000 I need to lose 30$...

    I can use the wire transfer instead where they charge flat rate 40$...no matter the amt...

    Thanks Ladies...Bow
     
    Last edited: May 6, 2008
    sssaustin, May 6, 2008
    sssaustin, May 6, 2008
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  5. May 6, 2008 #15
    Nandshyam

    Nandshyam IL Hall of Fame

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    Now I am confused.. how can you wire transfer when you are shopping?

    The 3% conversion was when you did shopping in India? Please clarify.
     
    Nandshyam, May 6, 2008
    Nandshyam, May 6, 2008
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  6. May 6, 2008 #16
    sssaustin

    sssaustin Senior IL'ite

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    oh sorry nandhu for not being clear...

    Yep...3% fee is for our spendings in India...

    I thought wire transfer in advance b4 we leave for India would be cheaper than this..
     
    sssaustin, May 6, 2008
    sssaustin, May 6, 2008
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  7. May 6, 2008 #17
    ChinnuZ

    ChinnuZ New IL'ite

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    Hi
    When I visit Inida, I use Credit card. Each year the rules are changing. When I went few years ago, there was no transaction fees but now most of the credit card companies use foreign transaction fee. It can be varied from 1% to 3% depends on the company.

    I use only CapitalOne(Visa) becuase they don't charge any fee. I have used it in January 08 and didn't charge any fees.

    Another change of rule is before you leave this country, call your credit card company to authorize the use of your card at your destination. They want the exact date of travel. If you don't do that, your card will not work at India or any other country. This is to avoid unauthorized use.

    Enjoy your trip.


    ChinnuZ
     
    ChinnuZ, May 6, 2008
    ChinnuZ, May 6, 2008
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