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Claim: Credit card users may be eligible for refunds of $25 or more from the settlement of a class action suit over foreign currency conversions.
Example: [Collected via e-mail, December 2007]
Origins: In 2006, a $336 million settlement was announced in a
Beginning in November 2007, some
Customers have three refund options to choose from: a simple $25 refund, a "total estimation refund" of 1% of estimated foreign transaction activity, or an "annual estimation refund" of
American Express is not part of this settlement, as a separate case against that company is still pending.
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