Paying a Currency Conversion Fee Twice When Renting a Car in a Foreign Country
There is a New Hertz unethical currency conversion fee of 2.75%, according to FlyerTalk member customer1001, who says that if you rent a car abroad and pay with a credit card issued in the United States, The Hertz Corporation will add its own 2.75% currency exchange charge — euphemistically called the Customer Preferred Currency Conversion CPCC — 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?
