Many people have mentioned over the years that the Capital One credit card does not charge you a fee for foreign currency transactions. As Amex has now increased their fee from 2% to 2.75%, I have decided that I may need a different card for use overseas. However, I could not find anything on the Capital One credit card site as to what exchange rate they used to convert foreign currency transactions into USD. If they use mid-market (what AMEX uses) and doesn't charge a few, it is a great deal. If they use mid-market minus 2%, it is closer to a wash. Can anyone tell from their past statements or some documentation from Capital One which exchange rate they use when coverting to USD? Even better would be a side by side purchase on same day at same merchant using two different cards.

thanks,