Credit Card Commission Rate
I'm a little confused about being charged this 3. 5% commission rate when I recently used my Chase Sapphire Preferred credit card that charges 0% foreign transaction. I've used this card many times over the years in Colombia. Only on a rare occasion I see this 3. 5% commission rate on the purchase and I made sure the transaction was in pesos. Both times this happened it was in a restaurant. Now, just recently this happened again while I was paying for an apartment rental which takes credit card transactions. This being over 2 million peso transaction, the 3. 5% fee is a stinger. I said wtf, but the lady ensured she put pesos and not American dollars. Can someone, anyone clarify this for me? Thanks!