Im sorry for not reading through all 31 pages of posts,
1. But can someone please tell me what the benefit of using captial one over any other card that doesnt charge forex fees?
2. which cap1 card is it?
3. If its a cc then taking cash at an atm would be a cash advance so what are the limits (and fees) on that?
4. How do the transactions show on the statement in usd or shekel? thanks
1. The benefit of using Capital One 360 debit card, is you don't need any minimum in your account vs TD or chase let's say you need to either have $2,500 in the account or for Chase you need a few thousand dollars to be able to waive all the foreign exchange fees and ATM fees.
2. As mentioned it's a Capital One 360 debit card you have to open up a bank account not a credit card, yes with Capital One you're not going to have a foreign exchange fee but you're going to be charged for withdrawing cash at an ATM(cash advance) and that's the reason why you need a debit card and not a credit card.
3. Yes that's correct withdrawing cash from a credit card would have limits and have fees, that would depend on each credit card what the limits are and what the fees are, but you are not going to worry about it since you want open up a debit card not a credit card!!
4. I can only tell you about my TD debit card as that's the only one I have used in Israel, I have went to Bank hapoalim, and random atms and have taken out thousands of shekel while it shows on my statement in u.s. dollars, while at other Banks you have an option to withdraw in dollar amount or shekel amount and on all statements you're going to see it post in US Dollars, you might be able to see how much shekal it was also but it's going to post in u.s. dollars if it's a u.s. card.
If you want to open up a TD bank account and use the debit card abroad you would want to make sure you have $2,500 or more each day and upgrading your account to a premier checking account which qualifies for having $2,500 or more on a daily basis, that allows you to take out funds abroad while TD refunding you for any non TD ATM fees as well as foreign transaction fees.
Another option is to open up a Capital One 360 as you don't need any minimum balance in the account to open, so if you're going to ask me why did I use a TD Bank account versus Capital One 360 I'll tell you I was in Israel already while I had only a TD bank account and Chase bank account as my options were limited, leaving me with only option of upgrading my TD Bank account to a premier checking account by having $2,500 in the account on a daily basis.
I hope I was able to answer your questions, if you have any other questions feel free to post back, I hope I was clear enough for you to understand me.
PS don't expect an answer every time you ask when there is hundreds of pages to read through, your not going to always be spoon-fed , this time around it was a יום טוב present.