Portofino Resort- Now with a new BEACH BAR!!
Topic Options
#480201 - 12/18/13 02:03 PM Question on Credit Card use in Belize
JRinSC Offline
I switched to a BOA Visa Travel Rewards card. Recently I paid a deposit of $100.00 USD on a golf cart rental. On my statement it showed a charge of $200.00 Belize dollars -- BUT the charge to my account was $100.88. mad I have spent several hours in person and on the phone with BOA and Visa and no one can or will tell me what this fee is. I've also paid for condo rent and they charged me 19.53 and 5.33 extra on those two charges-- so it can add up.

Has anyone else run into this and, if so, please let me know what you found out?


#480203 - 12/18/13 02:10 PM Re: Question on Credit Card use in Belize [Re: JRinSC]
Amanda Syme Offline
The true exchange rate is not $2:00 BZ to $1:00 USD. It is around $1.98175 Bz or so.

#480204 - 12/18/13 02:12 PM Re: Question on Credit Card use in Belize [Re: JRinSC]
Amanda Syme Offline
And there will be foreign exchange fees added on by the banks also.

#480210 - 12/18/13 02:37 PM Re: Question on Credit Card use in Belize [Re: JRinSC]
ragman Offline
What Amanda states has been my experience also for the last few years.
Somewhere on a beach in Belize

#480211 - 12/18/13 02:43 PM Re: Question on Credit Card use in Belize [Re: JRinSC]
JRinSC Offline
Well, Amanda, you are right! Thanks!

I always thought the rate was pegged at 2:1 by law since 1978 but it turns out there is a floating conversion just as you say above. I'll be dipped in butter and call me a biscuit!! I got the card for no foreign transaction fees and I guess this is different...

Just got off the phone with BOA and turns out there is a website called: www.onanda.com. If you go there you can find the effective rate posted in the WSJ for any day in the past and what you pay to buy or sell a specific amount. Went to that day and put in the 200.00 charge and it came to .97.1440 USD but you pay 100.914 to buy the dollars in the exchange. Live and learn.

#480292 - 12/19/13 01:03 PM Re: Question on Credit Card use in Belize [Re: JRinSC]
Diane Campbell Offline
JR - It's not a floating conversion rate, it is a bank or currency booth buying and selling money and charging you a fee for doing so. They have to pay the tellers and keep the lights on and they charge you for doing the work of the exchange of currency.

You may also find private exchangers who pay a penny or two more than the 2 to 1.

#480326 - 12/19/13 07:13 PM Re: Question on Credit Card use in Belize [Re: JRinSC]
JRinSC Offline
Dianne thanks... I learn something every day. I am going to buy whatever I want and not bother worrying about it.

My bigger fear now it that it might be a rainy Christmas... rats. Hope not. cry

Merry Christmas heart to all from sunny South Carolina! cool


Click for excellent scuba lessons with Elbert Greer!

Things to do

Daily News
Daily Weather

Classified Ads
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Love FM
The Reporter
Caye Caulker

TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
iTravel Belize
Paradise Theater

San Pedro Scoop!
Tia Chocolate
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Bound for Belize
Conch Creative
As The Coconuts Drop
More Blogs...
Search thousands of Belizean-only websites
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Conch Shell Inn: All rooms are right on the beach in the heart of San Pedro, so within walking distance to anything and everything!!
Lil’ Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
Mini Chat

Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28
Who's Online
0 registered (), 47 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
18,745 Registered Members
44 Forums
64,600 Topics
463,880 Posts

Most users ever online: 1,262 @ 06/10/07 07:16 PM

AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com SanPedroDaily.com Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.