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?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s