Carol Pucci at the Seattle Times has raised afresh some warnings about dynamic currency conversion. This is the practice, which I’ve mentioned before, of converting a purchase in a foreign currency into your home currency.
Sounds handy, but the fees are a total rip-off.
Pucci’s column also mentioned another pet peeve of mine, the AAA Visa TravelMoney prepaid card, which charges an outrageous 7 percent fee on foreign currency transactions. She reports that AAA will be getting a new vendor and that fee will drop to 3 percent in February.
Better. Still not great.