fees on overseas purchases

[haru]

Hi everyone, does anyone know (or could anyone point me to the right direction) what the exact fees are for overseas purchases using an Earth card?

I mauled over the westpac site and the Conditions of Use pdf but to no avail.

My guess is 3% of the transaction but I am not sure. Could anyone verify this for me?

 

[oz_mark]

From the Westpac site: Westpac Internet -Other fees and charges

Foreign Currency Transaction Fee
The following foreign transaction fees may be payable:

1. Westpac charges a fee of 2% of the Australian dollar value of any purchases or cash advances/withdrawals when the applicable credit card scheme converts the transaction from a foreign currency into Australian dollars. This fee is incorporated into the Australian currency equivalent of the transaction shown on your statement.


2. The applicable credit card scheme may also charge Westpac fees for processing foreign transactions. We pass these fees on to you. The fees vary depending on the applicable credit card scheme:

• Visa International Service Assessment fee – 1.0%1
• American Express foreign exchange conversion fee – 1.0% for Altitude & Altitude Gold and 1.5% for all other credit cards (including Altitude Platinum).
• MasterCard Issuer Cross-Border Assessment3 of 0.8% plus MasterCard Currency Conversion Assessment4 of 0.2%