link
From CC companies; a pittance of a settlement for their anal plundering over the years.

Haven't seen it elsewhere on TWW yet.

12/10/2007 2:04:26 PM

so it looks like you're only eligible if you made a foreign purchase...is that right?

12/10/2007 2:11:59 PM

reading comprehension please

Quote :

"It is not necessary to have actually conducted foreign transactions to claim the money."

12/10/2007 2:14:01 PM

You do not have to have made a foreign purchase:

Quote :

"Any person who held a Visa-, MasterCard- or Diners Club-branded credit, charge or debit/ATM card issued in the United States as of November 8, 2006 is a member of the Settlement Injunctive Class. Those persons who made a foreign transaction on at least one of those cards between February 1, 1996 and November 8, 2006 are members of the Settlement Damages Class. Only members of the Settlement Damages Class may seek refunds by submitting a claim. If you are only a member of the Settlement Injunctive Class because you did not make a foreign transaction between February 1, 1996 and November 8, 2006, you will still benefit from the settlement, which requires certain disclosures to cardholders concerning the rate used to calculate the U.S. dollar amount owed for a foreign transaction and any fees applied in connection with a foreign transaction."

12/10/2007 2:14:29 PM

<--didn't read it all, that's why i axed

12/10/2007 2:33:56 PM

so I have to wait for my credit card statement to get the refund ID?

12/10/2007 2:36:05 PM

You may never get a refund ID. Think about the number of people who have a Visas and MasterCards. Then think about how many people (er, teenagers) get a Visa or Mastercard for the first time each year. It is impossible to get notices to every single one of those people.

You don't need a refund ID to make your claim.

12/10/2007 2:37:38 PM

I got something about this in the mail.

12/10/2007 2:41:27 PM

I got something about this in the mail.

12/10/2007 3:24:00 PM

I'm so scared of identity theft. I'm affected under option one. I'm assuming I can use an old card/account number which is what was used at the time. No one can trace that to a current number can they? This is also asking for the last 4 of the social.

12/10/2007 3:28:48 PM

so what's the deal with this stuff?

12/17/2007 12:09:58 AM

^^Supposedly, no. BOA is less than careful about it (e.g., identity theft victims closing accounts...and BOA linking the new, "safe" accounts to them, and then the new ones get drained).

You should be fine.

Will this open you to identify theft? It better not. It's less risky than, say, shopping at TJ Maxx.

^What exactly is your question?

[Edited on December 17, 2007 at 12:15 AM. Reason : flkj]

12/17/2007 12:15:22 AM

1. is there any real downside to cashing in on this $25?

2. in summary, what are the grounds for these reparations?

12/17/2007 12:22:29 AM

1) no
2) CC companies lied about the true exchange rate for foreign transactions

12/17/2007 2:20:04 AM

So I added up all my foreign transactions from the time period covered and calculated what I was owed ... and it was pretty much the same as the $25 boilerplate settlement. Bleh.

-- Dave

12/17/2007 10:00:01 AM

Quote :

"It is not is necessary to have actually conducted foreign transactions to claim the money."

from ambrosia's link

12/17/2007 10:49:41 AM

Reading FTW

See where I have bolded text in a post above?

You do not have to have made a foreign purchase.

12/17/2007 11:08:28 AM

still a little skeptical about this

12/17/2007 1:52:53 PM

i just sent my info in yesterday.

12/17/2007 1:54:00 PM

I got the notice in the mail. I am thinking of going with the fill in your amount option. I am thinking I should get 300 back (or 1 percent)... not sure if I should try that route though.

12/17/2007 2:10:09 PM

if you spent more than a week out of the US and over $2500 then you can do the other options

if it was less than one week and less than $2500.
you are only getting $25

12/17/2007 2:58:38 PM

Quote :

"300 back (or 1 percent)"

you spent $30,000?

12/17/2007 3:03:28 PM

I got my thing in the mail, went online and filled out.

I wonder how long it will take to get the $25....

I'm guessing I won't see it till next july

12/21/2007 11:49:09 AM

Quote :

"When will I get my refund? Refunds will be paid after the Court finally approves the settlement, and approves any award of attorneys' fees, awards to the class representatives, and allocation of the settlement fund among Settlement Damages Class members, and any appeals related to that approval are resolved. It is possible that this could take several months, or, if appeals are filed, several years. You may want to check this website from time to time for updates."

12/21/2007 1:39:00 PM

Forgive me if im reading this wrong but:

Quote :

"Who may submit a claim?(top)You may submit a claim if you made a foreign transaction between February 1, 1996 and November 8, 2006 with a U.S.-issued Visa-, MasterCard-, or Diners Club-branded card. Only the primary card holder (the person who is primarily responsible for payment) on an account may submit a claim. If you choose to submit a claim, you may do so only once."

Quote :

"Any person who held a Visa-, MasterCard- or Diners Club-branded credit, charge or debit/ATM card issued in the United States as of November 8, 2006 is a member of the Settlement Injunctive Class. Those persons who made a foreign transaction on at least one of those cards between February 1, 1996 and November 8, 2006 are members of the Settlement Damages Class. Only members of the Settlement Damages Class may seek refunds by submitting a claim. If you are only a member of the Settlement Injunctive Class because you did not make a foreign transaction between February 1, 1996 and November 8, 2006, you will still benefit from the settlement, which requires certain disclosures to cardholders concerning the rate used to calculate the U.S. dollar amount owed for a foreign transaction and any fees applied in connection with a foreign transaction. "

I read the above quote as saying only people who have foreign transactions can claim money. The injunctive class will benefit because disclosures concerning rates and fees will now be required.

I could be completely wrong but I didnt read anything else that was even ambiguous about everyone getting $25. I didnt fill out the form though so maybe theres something more concrete there.

12/21/2007 1:46:01 PM

Read the sentence that follows what you bolded Especially the first part.

12/21/2007 2:33:22 PM

so you had to have made a foreign purchase?

12/21/2007 2:46:52 PM

Quote :

"I read the above quote as saying only people who have foreign transactions can claim money. The injunctive class will benefit because disclosures concerning rates and fees will now be required. "

thats how it reads to me too

12/21/2007 4:34:14 PM

filled mine out. it didn't ask for an amount, but a time overseas. i assume they will calculate how much I get. will check the status online...

12/26/2007 8:51:30 PM

The link posted says that you must have made a foreign purchase in order to qualify. I'm afraid to give my important info to something like this, but I don't want to miss out on $50 either. Did anyone else find any other red flags?

12/27/2007 9:42:05 PM

i just got a settlement check for $2.36 the other day from some blood-sucking company

12/27/2007 9:48:32 PM