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Thanks. Still doesn't tell me much how they derive the price, if and what kind of spread they use etc. Could be you are not paying the best conversion rate ever of course (as is probably their model).

I don't really think they use the best rate tho, even though I once watched the interview where they mentioned they gonna choose the best rate.

But no foreign exchange conversion fee does up the utility of this card as well, when considering all of the fees typically involved in a transaction such as this...