"I always assumed you incurred exchange rate risk on returns. If you book a prepaid hotel in Europe, for instance, and you get a refund later the actual amount of the refund could be more or less than what you originally paid."
"I’ve redeposited award tickets where the taxes and fuel surcharges were substantial, and I’ve lost money when those fees were credited back to me when the dollar strengthened between the time of booking and refund. It never occurred to me to ask my card issuer (usually Chase in that case) to make good on the difference."
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