Nationwide Credit Cards

[bargainqueen]

Thanks for the link above I have printed it off for future reference. Now I can put a name to it, funny that it should be called Dynamic, Sneaky would be a better description[msnmad]

Will be interested to know if anyone else gets caught with this, even using the normal cards you will be worse off with DCC.

[T2M]

Thanks for the link shockey, good read..

[Robert5988]

Thanks for the link on dynamic currency conversion. The extract below is from the Visa website:


<blockquote id="quote" class="ffs">quote:What is Dynamic Currency Conversion?

Some merchants now offer to convert your bill into your home currency. This is called dynamic currency conversion and means the merchant—and not Visa—is converting the currency. As a consumer you may value knowing the exact price in your home currency at the point of sale but you should also know you may be charged extra for this service by the merchant. Visa requires that you are provided a meaningful choice at the point of sale and you have the right to buy your purchase in the local currency so that you do not incur any additional fees the merchant may assess. Visa also requires merchants offering this service to inform you of the exchange rate including any applicable commission being charged. If you choose DCC for a transaction, you receive the merchant rate, not Visa's rate.
[/quote]

[Benny24]

Always confirm with the assistant when you hand over the card that you want to pay in DOLLARS.
The extra that gets creamed off goes to the Merchant. Good scam for those who aren't aware![msneek]