Not quite true I thought. Do ANZ charge the fee for AUD denominated purchases? I only very rarely use the ANZ CCs but haven't noticed any fee.
Overseas Transaction fee – Visa and Mastercard transactions
• ANZ will charge 3% of the value of
any foreign or
Australian currency transaction charged to ANZ
Visa, ANZ MasterCard or ANZ Visa PAYCARD
credit card
where the merchant or financial
institution accepting the card is located outside
of Australia.
• For an overseas ATM transaction the Overseas
Transaction Fee is calculated on the value of the
transaction and any ATM operator fee that you
accept when you proceed with the transaction
at the ATM.
Overseas Transaction fee – American express®
• American Express will charge 1.5% of the value
of any foreign or Australian currency transaction
charged to your ANZ American Express credit
card where the merchant or financial institution
accepting the card is located outside of Australia.
• ANZ will charge 1.5% of the value of any foreign
or Australian currency transaction charged to
your ANZ American Express credit card where
the merchant or financial institution accepting
the card is located outside of Australia.
• Please note that the ANZ and American Express
Overseas Transaction fees will be combined for
each transaction and displayed as one fee on
the statement. A charge that is made in a foreign
currency other than US Dollars will, when the
conversion is done by American Express, be
converted into US Dollars before being
converted into your billing currency.
They sure do - direct text from the fees and charges document for ANZ Cards...
if billed in AUD from an overseas site.
