Refund for Credit Card Foreign Transaction Fees
Published December 5th, 2007 in Credit News.
Remember all those foreign transaction fees you had to pay when you used your credit card on trips outside the country?
Well, a $336 million dollar settlement aims to put some of those charges back in the pockets of consumers who were allegedly overcharged.
The lawsuit is in regard to the fees Visa/MC credit cardholders were charged to make transactions in a foreign currency or with a foreign merchant between February 1, 1996 and November 8, 2006.
The defendants include Visa, MC, Diners Club, Bank of America, Bank One/First USA, Citi, Chase, MBNA, HSBC/Household Finance, and WaMu/Providian, so virtually everybody except American Express
If you’re due a refund, you probably received a letter in the mail regarding the issue recently.
But it’s also possible to fill out the refund request online even if you didn’t receive a notice in the mail, and believe that you were charged these fees over the last decade.
There are three refund options, including a quick $25 refund, a total estimation refund, and an annual estimated refund.
Take a look at CCFSettlement.com for more information regarding the matter.
FYI: You can avoid foreign transaction fees altogether by using Discover or Capital One credit cards.
