Used a Credit Card Abroad? It's Your Money-Back Moment
|
TOOLBOX
   Resize
|
Sunday, February 17, 2008
If you used a credit card overseas between Feb. 1, 1996, and Nov. 8, 2006, you may be eligible for at least a $25 rebate check from your credit-card issuer.
A class-action suit against MasterCard, Visa, Diners Club and Bank of America, Bank One/First USA, Chase, Citibank, HSBC/Household, MBNA, and Washington Mutual/Providian for not disclosing the foreign-currency transaction fees they charged wended its way through the courts for over a decade. Credit-card issuers finally agreed to settle and created a $336 million fund.
You can submit claims in one of three ways:
If you took only one to three trips abroad and spent less than $2,500, it's a matter of entering your name, address, signature and credit-card number on the Easy Refund form to receive $25.
If you spent more, answer a few questions for the Total Estimation Refund, based on typical travel-spending patterns.
Business travelers and those who traveled extensively using Citibank, Bank of America or J.P. Morgan Chase cards and can document their spending should file for the Annual Estimated Refund, which could pay out as much as 3 percent of their outlay.
Get the forms at http:/
