Daily currency exchange rates
Back when international credit card transactions traveled along undersea phone lines, banks started charging fees for the convenience of switching francs, pounds or yen over to dollars. Today, with instant Internet authorizations and real-time currency conversion, it hardly seems fair to charge a foreign transaction fee. Fortunately, a growing number of banks agree.
In late 2011, Discover made a play for the wallets of frequent travelers by eliminating foreign transaction fees and ramping up its travel rewards cards. Partnerships with Japan’s JCB and China’s UnionPay mean that many merchants throughout Asia now accept the Discover Card.
Like Capital One’s Venture Card, Discover uses “miles” instead of points to track your rewards. New cardholders can earn 1, 000 bonus miles each month during the first 2 years with the card, plus an extra 1, 000 miles at signup. Beyond that, you’ll earn 2 miles for every dollar you spend, for a reward value that exceeds Discover’s typical CashBack Bonus.
Chase rolled out a series of travel credit cards aimed at business and luxury travelers over the past year. One of today’s best airline credit card deals includes bonus rewards points in BA’s Executive Club just for hitting spending goals in the first 12 months.
Source: Best Credit
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Moody's Downgrades Italian Banks2012-05-22 08:37:14 by YT01STL-A
Moody's Downgrades Italian Banks
Moody's Investors Service kicked off its long-awaited downgrades of European and global banks by docking the credit ratings of 26 Italian lenders, a move that could ratchet up the continent's banking woes at a critical time for the currency union.
The downgrades, which cite the banks' vulnerability to mounting loan defaults and potential funding problems, were expected, but they nonetheless add to concerns by making it more expensive for the banks to finance themselves via the capital markets.
The ratings for Italian banks are now among the lowest within advanced European countries, reflecting these banks' susceptibility to the adverse operating.
Wake up America!!!2012-05-01 20:35:59 by DermalDeviant
This is my response to a question I read elsewhere about the possibility of American media being dishonest/misleading or would
they /could they ever feed us propaganda or censor vital news in a modern technological age, where communication over great distances is nearly instant and video cameras are everywhere.. I
Well to answer that question, the fact is that the mainstream media here today is PRIMARILY fed propaganda and distraction. It has been this way for nearly a century.
To understand this thoroughly you must look at this story like most, from the beginning. In 1913 The Federal Reserve Act was passed (google it, the story is insane!). The passing of the (unconstitutional) Federal Reserve Act meant that the US Government will forfeit all rights to coin (or...
Best credit cards with no foreign transaction fee — NASDAQ
Keen eyes will note that Capital One's daily currency exchange rates tend to drift a little higher than those of its competitors. However, with many travel rewards cards that offer bonus miles and no annual fee, Capital One still offers one of the …