Are there any additional fees associated with International purchases?
Yes, there can be. Any time you make a transaction in a foreign currency or outside the U.S., there will be a charge assesed by JP Morgan Chase. MasterCard International will convert the transaction into U.S. dollars by using its respective currency coversion procedures. They will charge 1% of the U.S. dollar amount of any international transaction, whether that transaction was originally made in U.S. dollars or was made in another currency and converted to U.S. dollars by MasterCard. The same process and charges may apply if any international transaction is reversed. This transaction fee went into effect 2 April 2005.
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