Politics, open government, and safe streets. And the constant incursion of cycling.

Credit Card Currency Conversion Fee Settlement Windfall! (Or: I Should Have Picked Option A)

Back in December of 2007, I posted about a proposed settlement for the Credit Card Foreign Transaction Fee class action suit.  Members of the class had three options for recovery:

  1. take a straight $25 settlement if you traveled outside the US at least once in this period (and simply swear to that fact);
  2. get a somewhat larger settlement based on a declaration of how many total days you spent outside the US during that period (the settlement will be based on an estimated average figured out by the credit card companies and class action representatives); or
  3. provide a substantiated record of how much money you actually spent outside of the US during that period, and receive a refund of the fees actually charged.

Despite having have spent a substantial amount via credit cards in foreign currency over the years, I ended up just going for option 2.  It just involved flipping through my passport and copying over the dates onto the claim form.  As I noted in the comments to the original post, it had to be worth something, right?  Well, almost 4 years later, I got my check.


I should have gone with Option A, eh?

(Also, if you submitted a claim?  Watch your mail closely.  It doesn’t look like a check at all.  I nearly threw this one out.)




A Year In Motion


  1. I usually decline being part of these suits. But I think I would have done this one just to spite the credit card companies…. even if I got piddly in return.

  2. I’ll have to keep my eyes open for the check. (Assuming I did go online and fill out the form, of course, because I have no recollection as to whether I did or not :()

  3. My boss got one of these, for a similar amount. Reminded me of the time I was discussing with a Federal judge a class action award which had been reduced by the Ninth Circuit on appeal, and he referred to settlement that he had received which was a coupon for a free lube job.

    I don’t think he appreciated the humor in my reference to the Ninth Circuit’s decision as an “award” without the lube job.

  4. As it turns out, my other half got this check yesterday – $18.04. Not sure where mine is.

  5. you should know that the lawyers always take the main slice of a class action.

  6. I assume your bank charges a $20 check cashing fee

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