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Like an early Christmas present, the notices — 38 million of them — started appearing in mailboxes at the end of November. whether you sign, moment and return the profile, you’ll get $25 or more, depending on how much foreign travel you did from Feb. 1, 1996, to Nov. 8, 2006.

The notices are in response to a proposed settlement of a lawsuit with Visa, MasterCard

and Diners Club by foreign transaction fees. The lawsuit claims the fees were poorly disclosed and that credit card companies colluded in fixing the fees. The credit card companies deny any wrongdoing but have chosen to “settle that case to avoid the inconvenience, expense and uncertainty of litigation,” according to the official website for the settlement ( www.ccfsettlement.com).

Orginal post by CreditPro

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