Even if you are well educated in Foreign transaction rates And how to avoid them with a Transaction task credit card without foreigners When he travels abroad, a new characteristic of Uber, cunning, can frustrate his international tariff -free spending strategy.
Uber is being implemented Preferred currency prices In selected places, including the United States, Canada, the United Kingdom and the European Union, news that caught our attention after a TPG team member received an update email of the Uber account.
As of February 27, Uber will charge residents in these areas a 1.5% currency conversion rate if they choose to pay in their favorite currency instead of the local currency when they request a trip abroad.
The preferred currency configuration is aimed at helping passengers to know how much they pay when they travel internationally showing prices in their local currency, instead of the local currency. This can also help relieve conversion fees charged by some bank card banks and issuers, which can exceed 1.5% charged by Uber.
Related: Tips for saving ATMs abroad abroad
Of course, if you pay with a card that Does not charge foreign transaction ratesI is essentially giving Uber an additional 1.5% when they request a trip outside your home country.
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When the function is displayed, Uber will automatically assign its local currency as its favorite currency, but you can choose not to participate to avoid this surcharge.
To choose not to participate, open its Uber application and click “Account”. From there, go to your “wallet” and click “preferred currency.” It should fail to comply with its currency, but you can change the configuration to “it is not a favorite currency” if you prefer to pay in the local currency when you travel. By “not preferred currency” is its predetermined value, can avoid 1.5%surcharge.
Even if this configuration does not change before traveling, you will also see the option to choose not to pay in your favorite currency at the end of the payment when you reserve a trip abroad. It is better to change this configuration before However, your next international trip, so you don’t forget it.
While doing so, make sure that the cards in your Uber wallet are those that do not charge currency conversion rates and keep updated on the ways to maximize the advantages when traveling with Uber.
