Just back from a 16 day tour of China.
Was checking my credit card charges and found a major hotel chain had processed all my charges as a US$ charge--at about a 7% premium to their benefit. Having done what most travelers here have done and made charges on a FX no fee card (Chase Reserve), and explicitly asked charges be processed as local currency, it was quite an unexpected awaking.
Short of not allowing any charges to go your room, not sure how to prevent this misrepresentation. I had made a very explicit effort with front desk when checking out the charge was to be processed as local currency, checked box for local currency on charge slip and it still came through in US $.
One more thing to be aware, especially on any large purchases.
Nwsteve
Was checking my credit card charges and found a major hotel chain had processed all my charges as a US$ charge--at about a 7% premium to their benefit. Having done what most travelers here have done and made charges on a FX no fee card (Chase Reserve), and explicitly asked charges be processed as local currency, it was quite an unexpected awaking.
Short of not allowing any charges to go your room, not sure how to prevent this misrepresentation. I had made a very explicit effort with front desk when checking out the charge was to be processed as local currency, checked box for local currency on charge slip and it still came through in US $.
One more thing to be aware, especially on any large purchases.
Nwsteve