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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (30381)	4/11/2005 8:32:44 PM
From: Elroy Jetson	Respond to of 110194

We've observed that most Visa card issuers have been adding an additional 2% fee to charges incurred in a foreign currrency, if they did not already do so. This 2% fee is in addition to fess Visa charges - average wholesale exchange rate plus 1% which Visa charges. I just received a notification, on the last page of my monthly statement, from TD Waterhouse with the worst deal yet, applied to their Visa Check cards. Essentially they can charge you any exchange rate they desire - even if Visa actually obtains a better rate! Worse yet, TD Waterhouse reserves the right to add on any additional fee or adjustment they so desire!! Effective April 2005 the exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives, or the government-mandated rate in effect for the applicable central processing date, in each instance, plus or minus any adjustment determined by the Issuer. .