Additional credit card fee for travel insurance payment

[dmouy]

This year I paid our Amex Multi-Trip travel insurance premium using nab Velocity American Express card. The bank has charged me a "single currency" fee of 2.5%. The terms and conditions of the card say (quote)
[h=3]"NAB International Transaction Fee[/h] The following NAB International Transaction Fees apply to all credit card accounts, except NAB Visa One Fee-Free.
Single Currency Transaction: A transaction made in Australian dollars with an internationally-designated merchant."


I have called American Express Travel Insurance and they are going to seek an explanation from the bank about this fee.

Anyone else had a similar experience?

 

[Cynicor]

Common problem with some of the big banks and international merchants. They're just trying to take even more money from you, for no good reason. Switch to a better bank/CC- Citi, Amex, ANZ (from memory), GE and HSBC don't do this to you. There's a bigger list on another thread about it.