Double check the rules on your CC's. Capital One for instance has a restriction on the $50. maximum rule for lost, stolen or misused Credit Cards.
".....within 100 miles of the billing address".
Most cards charge a conversion fee $ to Peso's, but it may be worth it to have the insurance of a maximum $50. liability in case someone gets your
number & runs up $18,000. like happened to a friend in Cabo.oxxo - 1-2-2009 at 09:40 AM
The post above caused me some concern since I use the Capital One card in Baja on occassion. I called Capital One customer service this morning.
They said they absolutely cover fraud internationally including Mexico. They said my "friend" received incorrect information.
Regardless, I am very careful using any credit card in Mexico.karenintx - 1-2-2009 at 10:36 AM
Like oxxo, we received the same info from Capitol One. I monitor our account daily via online, not only for unauthorized charges but to confirm there
is no conversion fee. For the last 2 years of traveling internationally there have been not fees. Actually there have been times the posted charge
is less than what we charged because the merchant make their deposit a few days later and the peso was to out benenfit.Woooosh - 1-2-2009 at 10:43 AM
American Express notifed me by mail they were increasing fees (service charge) for foreign currency conversions. I don't use the card for purchases
in Mexico- but have used it to withdraw cash (pesos) from Santanders branches.Reeljob - 1-2-2009 at 11:46 AM
Well, I went back and read there (Capital One) rules, and despite what they say, the quote in my original posting is exactly what there rules say.
So.... caveat emptor.Bajahowodd - 1-2-2009 at 12:11 PM
I guess that means I should thank the Ensenada woman who was caught using my cloned card at stores in Westminster and Costa Mesa. She saved me $50.oxxo - 1-2-2009 at 12:16 PM
Quote:
Originally posted by Reeljob
Well, I went back and read there (Capital One) rules, and despite what they say, the quote in my original posting is exactly what there rules say.
Call Capital One customer service directly, 800-955-7070 and clarify their policy with them.
Outside US or Canada, call collect 804-934-2001. I don't know why they would give an international number to call if they weren't concerned about
international fraud.
