Foreign transaction refund heads-up!
Has anyone else seen this?
I just received forms specific to court approved refunds for foreign transactions via Visa, M/C and/or Diners Club credit cards. This would apply to transactions on both purchases and ATM withdrawls between the dates of February 1, 1996 and November 8, 2006. In essence, the refunds are specific to transaction fees based on inflated exchange rates.
Three differant color coded options exist for filing a claim. Option #1, $25 bucks. Option #2, not to exceed 1%. Option #3 up to 3%, I believe pertains to corporate. The details are explained on the following web site:
No telling what one's settlement might be but $336 million has been earmarked for refund. Other then possibly option #3, it does not appear one needs documentation as proof of expenditure/s. I am not sure, but if you have not received the mailing which includes a refund I.D. number, you may not be able to apply on line.
In the event, here is the toll free number: 1-800-945-9890
I have not reviewed all the information or the web site in it's entirety but intend to. Just wanted to get this out there as I am sure the turnout will be high.
I did notice that my credit card company stopped charging exchange fees.