Comments on: Class Action Lawsuits to Allow Cardholders to Recover Foreign Transaction Fees

By: David

David — Thu, 14 Feb 2008 00:21:45 +0000

Are there any credit cards that don’t have a charge or where it is only 1%?

By: Gail

Gail — Mon, 10 Dec 2007 20:58:45 +0000

I am delighted to hear that the U.S. District Court has stepped in on these charges. I had begun my own battle against this earlier in the year, prior to receiving notification. Not all credit card companies charged the same - but visa, particularly Chase Bank was big in getting the large sum return. One of my steps was writing to Southwest Airlines, whose travel card was represented by Chase Bank. Intereting - a service whose focus was travel was represented by a Bank squeezing extra money out of their customers. Even American Express entered into the game - late compared to the leaders in reaping ‘bounty’ from their clients. Interestingly, MasterCard - Capital One never charge the card user the 3%. Even with the settlement of $336 million, the banks have still made out like bandits over the last 10 years!

By: Michelle

Michelle — Wed, 05 Dec 2007 15:01:36 +0000

From what I read, this is legit. (I pulled up a couple of the court cases online to make sure they existed.) You have 3 options for recouping fees: flat $25; estimation refund (based on time spent traveling outside the US - up to 1%); or Annual estimated refund (up to 3%). The catch with the annual estimated refund is that you have to provide credit card account information. For those of you that haven’t gotten the letter, yet, you can read about it at http://www.ccfsettlement.com.

By: Peter

Peter — Mon, 03 Dec 2007 04:30:44 +0000

At first I thought the letter in the mail was a scam to get my last 4 digits of my SS number and address.

So this is legit?

Based on the letter I got, I might get the 1-2% back.

What qualifies? Any foreign transaction?

By: Cathy

Cathy — Sat, 21 Jul 2007 18:55:53 +0000

And another thing. I tend to take out the same amout of money when making a cash withdrawal…and it’s converted into CI…Cayman Island dollars…..Once again Citibank has told me that I have always been charged these fees, they are just breaking them out for me to see the amounts. Well thank you but why is it that the withdrawal amounts remained the same if charges were included????? I now have the same withdrawal amounts with additional fees????????

By: Cathy

Cathy — Sat, 07 Jul 2007 14:25:11 +0000

I just received my May 22, 07 statement. I know it’s July but thats the delay living over seas. I received a notice in my statement about the transaction fees being charged. So is this the official notice or What???? So are the fees charged before the date on this notice due back to me??????

By: Eric Schwanka

Eric Schwanka — Fri, 29 Jun 2007 18:32:27 +0000

I think I would rather file a personal complaint.I just posted this in another forum, and I would like to hear feedback to see if this site knows what they are talking about. I did not know you can file a personal complaint

” I was searching online for some advice as to whether I should bother trying to recoup my losses. I used a credit card and ATM heavily during the 4 years I lived overseas. I estimate my total billing amount to equal about $15,000. http://biyts.info/credit_card_fees.html which I also found by looking for advice, really put it into perspective for me. According to the calculations on that site the maximum, I could expect to get is $25!!!!! I dont think I am going to bother for that money especially since I may be perpetuating a bad system.”

By: MR. TERRY L. FORD

MR. TERRY L. FORD — Sat, 26 May 2007 05:31:33 +0000

REQUEST A CLAIM FORM

By: Kelly

Kelly — Tue, 24 Apr 2007 02:54:41 +0000

I’ve lived in Australia since 2002 but maintain my US credit cards and bank accounts. I’ve been complaining about the foreign transaction fees since they started being listed separately on my statements (initially they were hidden).

My main card is through CitiBank. Since the credit card fees were 3% and the cash withdrawal fees were 1%, I switched my spending habits (this had to be over several months) and now do ATM cash withdrawals for most of my spending here. That worked for a time - but recently, I can see that the ATM fees have been hiked to 3% and the credit card fees are now about 2.55%. I reckon the only way to deal with Citibank is to file a claim in the lawsuit and then work harder to find a bank that won’t rip me off.

I appreciate being able to read everyone’s comments - I thought I was going crazy for a while there - now I can see I’m not alone in this bank and credit card money-making scheme.

By: Luke

Luke — Mon, 16 Apr 2007 22:07:46 +0000

It looks like the Washington Post article is no longer available. But the lawsuit in question has been settled. Find details here.

By: karen

karen — Mon, 16 Apr 2007 22:05:07 +0000

Can someone send me the link to the entire Washington Post article on the class action
suit? thanks.

By: Linda

Linda — Thu, 05 Apr 2007 16:27:34 +0000

Contact your state’s Attorney General Office of Consumer Protection. You can file a complaint to recover your fees!

By: Cathy

Cathy — Sun, 11 Mar 2007 21:13:59 +0000

Just checking in today to see if you guys had any additional info on CitiBank. Will check out the links, can’t wait to read. Told CitiBank I was going to close accounts, but not till I send a letter to the Federal Reserve with all the different explanations given to me. Totally Unfair practices.
Thanks Again will get reading.

By: Ted S

Ted S — Tue, 27 Feb 2007 04:41:23 +0000

I have just been ripped off by Bank of America/MasterCard
for a $145 “Foreign Transaction Fee”. Avoid Bank Of America - they stink! There are better credit cards that do not charge such fees.

By: Luke

Luke — Fri, 23 Feb 2007 18:05:55 +0000

Details about the lawsuit have just emerged. See here for more information…