BoA Accelerated Amex - No Foreign Exchange Fee

[Anonymous]

Hey guys,

Didnt know if this is new or not but when calling BoA to notify them of me going to England, I asked what the foreign exchange fee is and they said there is none with this card. Always thought it was 3% but I guess not. Just a heads up to anyone that didnt know.

[DI]

---

@Anonymous wrote:

Hey guys,

Didnt know if this is new or not but when calling BoA to notify them of me going to England I asked what the foreign exchange fee is and they said there is none with this card. Always thought it was 3% but I guess not. Just a heads up to anyone that didnt know.

---

That is awesome!  So now, I really never have to carry another Capital One card again.  Thanks for the post!! D.I.

[Anonymous]

Exactly! I couldnt help myself while talking to the rep and said the same thing about Cap One. She just giggled

[DI]

Do you think BOA's Rep mislead you?  They probably don't charge a foreign exchange fee, but that doesn't mean AMEX don't.  This is what I found under the account terms and agreements on BOA's website.

Foreign Transactions

American Express (1) converts charges made in foreign currencies to U.S. dollars using a rate selected on the business day prior to the day on which the charges are processed by American Express and (2) applies a 1% commission to the converted amount. See the Credit Card Agreement for details.

https://www.bankofamerica.com/credit-cards/tncview.action?cid=2054708&aolnEnv=disclosures.bankofamer...

[Anonymous]

Just called again. They said there was no fee whatsoever. Is it possible to have different terms with this card? It was a pc.

[DI]

I did a PC to this card so that my CL appear on my credit reports.  I need to investigate the NFEF further. 

[Anonymous]

If you find anything different let me know. I hope the reps I spoke to knew what they were talking about.

[Tazman81]

---

@Anonymous wrote:

Just called again. They said there was no fee whatsoever. Is it possible to have different terms with this card? It was a pc.

---

I would certainly get this in writing.  Or when you talk to the rep, explain to them what it says on the website about the 1% fee.  I doubt this reps "word" will hold true over the terms outlined in writing.

[DI]

I sent them an email so that it would be in writing if true. 

[Walt_K]

---

@Tazman81 wrote:

---

@Anonymous wrote:

Just called again. They said there was no fee whatsoever. Is it possible to have different terms with this card? It was a pc.

---

I would certainly get this in writing.  Or when you talk to the rep, explain to them what it says on the website about the 1% fee.  I doubt this reps "word" will hold true over the terms outlined in writing.

---

Agreed.  Though I highly doubt you will be able to get it in writing because the rep is most likely mistaken.  I doubt the rep is intentionally misleading you, just confused about the difference between BofA charging a foreign exchange fee and the fee that Amex is charging for use of their network.