Simple question that I'm asking for a friend coming to the states for vacation later in the year. Are there any Canadian credit cards without ForEx fees? Just by a quick [uneducated] look, all the cards I've seen charge 2.5%.
Canadian No-ForEx cards?
Started by
patz2009
, Mar 18 2012 08:29 PM
3 replies to this topic
#1
Posted 18 March 2012 - 08:29 PM
#2
Posted 30 March 2012 - 01:36 PM
As far as I know every issuer in the country charges a fee. Most are 2.5%. Desjardins Visa charges 1.8%, which is the lowest in the country.Simple question that I'm asking for a friend coming to the states for vacation later in the year. Are there any Canadian credit cards without ForEx fees? Just by a quick [uneducated] look, all the cards I've seen charge 2.5%.
#3
Posted 15 April 2012 - 08:37 PM
I would say just enjoy his vacation. Lets just say for example your friend spends $1,000 while traveling. Even if he finds a card with a 1% less foreign exchange fee, that's only $10. Nothing to get concerned about.
If your friend is going to have continual expenses in the U.S., maybe look at RBC Bank's cross border service at http://www.rbcbankusa.com, where he can maintain a US bank and credit card account, with the ability to transfer money online from their Canadian accounts.
If your friend is going to have continual expenses in the U.S., maybe look at RBC Bank's cross border service at http://www.rbcbankusa.com, where he can maintain a US bank and credit card account, with the ability to transfer money online from their Canadian accounts.
Edited by Burgerwars, 15 April 2012 - 08:41 PM.
#4
Posted 09 May 2012 - 04:16 PM
Just released: Chase Amazon.ca Rewards VisaSimple question that I'm asking for a friend coming to the states for vacation later in the year. Are there any Canadian credit cards without ForEx fees? Just by a quick [uneducated] look, all the cards I've seen charge 2.5%.
http://www.amazon.ca/gp/cobrandcard
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