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Canadian No-ForEx cards?


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3 replies to this topic

#1 patz2009

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Posted 18 March 2012 - 08:29 PM

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%.
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#2 Stu.Padaso

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Posted 30 March 2012 - 01:36 PM

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%.

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.
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#3 Burgerwars

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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.

Edited by Burgerwars, 15 April 2012 - 08:41 PM.

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#4 lf35

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Posted 09 May 2012 - 04:16 PM

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%.

Just released: Chase Amazon.ca Rewards Visa
http://www.amazon.ca/gp/cobrandcard




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