Teaser 2498: [Party trick]

From The Sunday Times, 8th August 2010 [link]

Keith and I used to do a party trick. We had a set of cards labelled A, B, C, D, E, F, G and H. We would ask someone to choose three cards without Keith seeing. I would pass Keith one of the chosen cards, followed by a second. Amazingly, he would announce what the third chosen card was. Keith and I have phenomenal memories, so I then thought of a way to improve the trick. On each of the two occasions, I pass a card with either my left or right hand. Using this extra piece of trickery, we increased the number of cards in the set, ending with a letter way beyond H.

What is the letter on the last card?

This puzzle was originally published with no title.

[teaser2498]