Paying a Currency Conversion Fee Twice When Renting a Car in a Foreign Country

If you rent a car abroad from The Hertz Corporation and pay with a credit card issued in the United States, Hertz will allegedly add its own currency exchange charge — euphemistically called the Customer Preferred Currency Conversion CPCC — up to 2.75% in addition to the currency exchange fee your credit card company charges.

However, is this fee charged by Hertz really unethical and a “money grab,” or is it a purely legal way of doing business that the educated consumer can easily avoid? Is the entire currency conversion process overly complicated and, if so, is that purposely by design?


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