Purchasing Chanel in Europe questions

Feb 25, 2009
3,418
903
Los Angeles/ San Francisco
Hi ladies,

I have a question about large purchases in Europe. What do you ladies use ex: credit cards, debit card or cash? I been to Europe and purchased items but not large purchases. The credit cards charge a fee. I would appreciate your responses.
 

MASEML

O.G.
Nov 25, 2008
4,168
47
Using your debit card may also incur a foreign transaction fee. As tinyturtle mentioned, some credit cards offer no foreign transaction fees. I would never shell out thousands of £ or € to pay for an item, (mainly bc I'm scared of carrying so much cash on me), though I do see foreign tourists doing that.
 

CLW

Member
Aug 31, 2013
219
3
I've made purchases in Europe before and the SA asked me if I would like my transaction charged in US dollars or euros. If you are from the US and this option is available, choose US dollars, it will save you foreign currency fee - which I believe is around 3% for Visa.
 
Feb 25, 2009
3,418
903
Los Angeles/ San Francisco
I've made purchases in Europe before and the SA asked me if I would like my transaction charged in US dollars or euros. If you are from the US and this option is available, choose US dollars, it will save you foreign currency fee - which I believe is around 3% for Visa.
Did you get a vat back in the items? Also did you have to pay custom taxes or can you just claim as gift? Or wear it?
 

CLW

Member
Aug 31, 2013
219
3
Did you get a vat back in the items? Also did you have to pay custom taxes or can you just claim as gift? Or wear it?
I did not even try to get vat back, and it was just under the $800 allowance for US customs. I would imagine that as long as you are charged local tax, you should be able to get the refund.

It was a fine jewelry piece that I bought in Rome from a local jewelry store (not a Chanel boutique) and I was also able to make a purchase at Herrods in London and the SA charged my cc in US dollars.

Just ask the SA if they can do it before the purchase it is really helpful if they can or are willing to do it.
 

lilgraycat

O.G.
Feb 22, 2009
147
2
Ban Island
I've made purchases in Europe before and the SA asked me if I would like my transaction charged in US dollars or euros. If you are from the US and this option is available, choose US dollars, it will save you foreign currency fee - which I believe is around 3% for Visa.
Actually the converted US dollar price already has a surcharge of at least 2-3% tacked on by the processing bank. If you have a credit card that doesn't charge any foreign transaction fee it is better to ask for the amount to be charged in the foreign currency. I use the Chase British Airways visa and the Citi HHonours visa, both do not charge any foreign transaction fee.
 

yasram

Member
Jun 2, 2014
476
3
i thought that i they ask to pay in your own currency or Euros that you should choose euros as their conversion rate/ transaction fee could be really stupid - I guess if they do ask this question , you should ask what their ratof conversions is / what other charges would you get - Compare this to what your own card charges you - I got this from money saving expert ( a UK thing )
 

calflu

Member
Apr 3, 2012
8,538
1,109
Ban Island
My two cents from personal experience of traveling in Europe and working in payment industry.

The best way is to get a chip credit card from US without transaction fee. Most European countries don't have wide acceptance of old magnetic strip credit cards.

I have done a lot of research and Bank of America's travel reward is the best I found. No annual fee, no foreign transaction few and comes with chip and signature.



I've made purchases in Europe before and the SA asked me if I would like my transaction charged in US dollars or euros. If you are from the US and this option is available, choose US dollars, it will save you foreign currency fee - which I believe is around 3% for Visa.
 

MASEML

O.G.
Nov 25, 2008
4,168
47
Personally, I wouldn't open a new credit cards for this purpose unless you are looking for a new credit card anyway. Each time you open a new line of credit, and the more credit lines you have open, you likely reduce your credit score. Opening a new card is a hard pull, which reduces your score. If you are planning to make a big purchase, such as buying a house, you'll want your credit score to be as high as possible.

Yes, a foreign transaction fee is annoying, but for the amount you are saving in VAT and the price of the bag itself, is 3% a big deal? You'll still be getting a bag for less than what you'd pay in the US.

I totally get trying to save the most you can...I'm all for it but I wouldn't open a new line of credit just to save 3%.
 

Lzamare

O.G.
Oct 17, 2008
1,051
26
Cali
Hi ladies,

I have a question about large purchases in Europe. What do you ladies use ex: credit cards, debit card or cash? I been to Europe and purchased items but not large purchases. The credit cards charge a fee. I would appreciate your responses.
I use my card that offers the most points and doesn't charge a transaction fee. I just got back today and did not have a problem not having a chip. One store it didn't work, I called the number on the back of my card and they fixed the fraud alert immediately. (Within seconds of the call)
 
Feb 25, 2009
3,418
903
Los Angeles/ San Francisco
My two cents from personal experience of traveling in Europe and working in payment industry.

The best way is to get a chip credit card from US without transaction fee. Most European countries don't have wide acceptance of old magnetic strip credit cards.

I have done a lot of research and Bank of America's travel reward is the best I found. No annual fee, no foreign transaction few and comes with chip and signature.
Thank you calfu! I will remember that?!
 
Feb 25, 2009
3,418
903
Los Angeles/ San Francisco
Personally, I wouldn't open a new credit cards for this purpose unless you are looking for a new credit card anyway. Each time you open a new line of credit, and the more credit lines you have open, you likely reduce your credit score. Opening a new card is a hard pull, which reduces your score. If you are planning to make a big purchase, such as buying a house, you'll want your credit score to be as high as possible.

Yes, a foreign transaction fee is annoying, but for the amount you are saving in VAT and the price of the bag itself, is 3% a big deal? You'll still be getting a bag for less than what you'd pay in the US.

I totally get trying to save the most you can...I'm all for it but I wouldn't open a new line of credit just to save 3%.
Thanks! Does opening a new card hurt your credit score? I thought it was a debit ratio thing?