Mercez TrueCost

The true cost of using credit cards while traveling abroad



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Jack Smith@_jacksmith · Serial Entrepreneur & Startup Adviser
this is a cool idea. to understand: it's showing the exchange rates charged by each card? does this also take into account that many cards charge foreign currency fees? some like Chase Freedom do not.
Shiv PatelMaker@shivpatel · Founder at Populrr
@_jacksmith Hi Jack! Currently, we pull exchange rates from the card networks (e.g. Visa, MasterCard, etc.) and we aggregate fee information for each card (this would include the foreign transaction fees). We put these two together to give you the TrueCost!
Shiv PatelMaker@shivpatel · Founder at Populrr
Hey folks! I broke down the details of how TrueCost works on this Medium post: