I'm an Amazon FBA seller in the European market and a resident of the UAE. I'm interested in getting a cashback card to earn Emirates airline tickets, and it seems that the NBD Islamic Skyward Black card offers around 7% cashback, which is fantastic. However, there's a concern I need help with.
Since I sell primarily in the European market, about 90% of my ADS payments are in euros, totaling around 20k per month. I noticed that all UAE cards have currency conversion fees ranging from 2 to 3%, and that's quite substantial. Is there any solution to avoid these fees?
I'm curious to know how other sellers deal with cashback cards. Do they accept paying the conversion fees, or is there a card available that avoids such hefty conversion charges? Any advice or suggestions would be greatly appreciated. Thank you in advance for your help—I'm eager to learn from your experiences and expertise!
Since I sell primarily in the European market, about 90% of my ADS payments are in euros, totaling around 20k per month. I noticed that all UAE cards have currency conversion fees ranging from 2 to 3%, and that's quite substantial. Is there any solution to avoid these fees?
I'm curious to know how other sellers deal with cashback cards. Do they accept paying the conversion fees, or is there a card available that avoids such hefty conversion charges? Any advice or suggestions would be greatly appreciated. Thank you in advance for your help—I'm eager to learn from your experiences and expertise!
