Many Canadians are in for a nasty surprise after a trip outside the country. Little did they know that most Canadian credit card companies add a 2. The good news is, not every credit card issuer charges the fee. For some, especially snowbirds who winter in the south, people who shop across the border regularly or shop online, or those who use their credit card to make business purchases from U. The Rogers Mastercard foreign transaction subsidy is different than the Amazon or Marriott Rewards cards, but still offers significantly more value than either of those cards. Debit and out of country ATM cash withdrawals are no better, each typically charging a 2. Dollar credit card bill in U. Class Action Launched Against LoyaltyOne — Lessons Learned Next: Rogers Platinum MasterCard Credit Card Review Related Articles Why People Are Using Their Credit Card Instead of Their Debit Card December 31, I use my chase amazon. The Chase website is pretty ugly, though! I think you should consider adding the Desjardins Visa U. The purchases are billed in USD so there is no conversion fees on U. Annual fees 30 USD. We always appreciate when people give us suggestions for our site, and in this case we are happy to agree with you. The Desjardins Visa U. We are still looking into its placement on other pages, and are considering some new additions as well. As always, our review team is working hard to determine a final list. Thanks again for reading and sharing your comments with us! Have a great day. We understand that you want a true cash back card that does not charge foreign transaction fees on your travels, and are concerned that Scotia will soon be returning to the model of charging these fees. This means that after the 2. Regarding Marriott, alongside straightforward exemption from foreign transaction fees, it accrues points only for the Marriott and Ritz Cartlton, and Starwood Preferred Guest rewards system. Last option is getting a USD card at a US financial institution. But I know of at least 1 — RBC Bank US. TD bank USA has the added benefit that a few of there credit cards have no foreign transaction fees on non-USD transactions, plus decent rewards to. I have gone with RBC Bank with the time being, but they do charge a 1. Plus you still get rewards with US credit cards from US institutions. Now for the fun part. Getting your US credit card paid. You need to set up a US bank account with a US institution. The bank account does NOT need to be with the same institution that you have your US credit card with, although it does make it a little bit easier. BMO seems the best because of no fees, and RBC follows closely in 2nd IMO because they have some no-fee savings account options with limited transactions, and a low fee US chequing account for which the balance can be waived, with unlimited transactions. So make sure to take a look at the US dollar account options at canadian financial institutions as well. Well they are actually. In order to avoid this you need to find a good fx broker. You can get the currency conversion down to as low as 0. Then you can transfer it over. Most FX brokers will offer to wire funds directly to a destination account in another country, so you bypass the need for a US account at a Canadian bank although. So the last step is now to find an FX broker. But if you want some suggestions, shoot me a reply or email. I should clarify that RBC bank USA will definitely grant you and uses your Canadian credit history to do so. So 4 minus 2. All transactions made in a foreign currency are converted to Canadian credit at the rate established by MasterCard International in effect on the date that we post the transaction to your Account which may not be the same date as the date of the transaction plus an amount equal to 2. I was just on the phone with Amazon. They has just sent me a renewal card since my expires in June I mentioned to them what I have just read regarding Amazon. This is incorrect information. IT IS AVAILABLE and there are no FX charges. I travel a lot in Europe and the US and use only Amazon. Thank you for your comment. We apologize for the confusion, should have mentioned that only new applications for the Amazon. Is Chase partnering with a different insitution? One of the biggest advantages of the Amazon card was the exemption from foreign transaction fees. The good news is that Chase still offers their powerful Marriott card to Canadians read our full review herewhich also does not charge foreign transaction fees. And for those who enjoy luxurious hotel visits, it gives cardholders a free night in any star hotel every year and 5 points per dollar spent at Marriott and Starwood properties worldwide. With 2 points per dollar on car rentals, restaurants and airfare, those who love travel benefits will love this card as well. I already have the Amazon Chase Visa card, is it still good? Also does that Amazon Vaisa Chase card still offer no fee for foreign transaction like on Europe? In regards to your concerns about your Amazon Chase Visa card, we are happy to tell you that there is little to worry about. While Chase and Visa no longer offer their Amazon card to NEW applicants, those who managed to grab this great credit card before it was discontinued can use it as intended without issue. It still works as it was advertised originally, however, it will only exempt foreign transaction fees for another undetermined length of time before incurring them again at some point. We think this may be soon. This is not because the deal was simply too good, forex rather because Chase is leaving Canada and ending their relationship with Canadian rewards franchises. As in does Chase add on any ATM use fees…? Unfortunately, Chase no longer issues the Amazon card in Canada as of April 3rd. We suggest you read up on the other only two Canadian cards currently subsidizing foreign transaction fees: Going to Europe Italy, Greece, London, France in May. Thought I was all set with my Rogers MC. I just learned about this Amazon MC. Huge breaking news on this! Chase is no longer accepting applications for the Amazon. Their relationship with Amazon. Rogers is looking pretty good right now! Going to be due for an update here, since Tangerine is raising their fee from 1. Canada anyone have experience using either the Amazon or Rogers cards to withdraw cash while abroad? If I do so, does anyone know what sort of fees I card incur? There should be no Forex fees, of course, and by prepaying the amount I will withdraw there should be no interest charges either. Thanks for any info. I have both the Amazon Visa and Rogers Mastercard and have been travelling SE Asia for three months now. The Rogers Mastercard works fine as you would expect though unfortunately offers nothing special in the way of cash advances and charges the same 2. In regard to the Amazon Visa… I tried to use it for cash advances in various places in Vietnam, Laos, and Cambodia. This card can NOT be relied upon in any regard. First they told me that I would get the cash advance room back in my next billing cycle. I am probably coming back next year and when I do it will be with a Tangerine Card for at least 1. Maybe someone else can chime in on the Chase Marriott card in regard to foreign cash advances? Also, I should have mentioned that the Amazon Visa works great up until you use all your cash advance room that is there when your trip starts. Thanks so much for taking the time to respond. Your advice is especially relevant because we will be spending upwards of six months in Southeast Asia starting in November. I had hoped it fee be our best bet for avoiding the sky-high fees that come along with withdrawing money while abroad. It may turn out to be the best compromise overall. Thanks again for giving me the heads up. Definitely will cross the Amazon card off the list. Tangerine just sent out a notice that the Foreign Conversion rate will go from 1. Dennis, rather than take cash advances with a credit card, why not get a free, interest-bearing chequing account at Tangerine Bank? We use their debit card in Mexico on the ScotiaBank network without ATM fees OR foreign transaction fees. No rewards points, to be sure, but the overall cost should be lower. Some fee it has already been implemented but others are saying they have been advised it will be in effect from June 1, I shall cease using this card before the date of the change and switch purchases to the Rogers card as you recommend. I just received the letter in the mail today. They are now going to charge 2. Tome to find a new one. The grand-fathered interest rate I was getting with Sears of 9. I have a Scotia bank momentum MasterCard. They sent it out a couple of years ago after Sears canceled their charge card with Chase. I use it everywhere. Thanks for writing in. Unfortunately, it was grandfathered from the old Sears cards. Just got something in the mail to do with Scotiabank Momentum MasterCard. As of June 1,there will be a 2. Just spoke to a Scotia bank momentum MasterCard Representative on the phone to verify whether the No Transaction Fee still applied now fee the card was fully transferred to Scotia and was advised that the it will end on May 31, and that as of June 1,they will charge the standard 2. In our mind non-customers get the benefit of the card free for 2 years. MasterCard usually being 0. I also read your article about whether Visa or Mastercard offers the best exchange rate, which was very interesting as it explained in detail something that I did not quite understand. However, it also spoke about the dreaded FTF Foreign Transaction Fee. I am temporarily stationed overseas in a country with an almost completely cash economy. Only a few grocery stores accept debit. I am currently getting my funds in Canadian dollars, exchanging it at my local Canadian credit union into United States dollars and then wire transferring the money to my bank here where I am currently living. That is a good option. One thing to double check is the order in which payments to the Credit Card are applied. If you have both a charge and a cash advance on the card, make sure the payment gets applied to the cash advance first. Your logic is sound. While Canadian credit card issuers are no longer allowed to allocate your payments to your lower interest balance first, most automatically allocate your payments equally based on the weighted average of canada outstanding balances. I was about to apply for a Rogers card but I can see nothing about the option to have your cash back applied as a statement credit. Even reading the fine print, it seems that if you are not a Rogers customer the rewards are not available as cash?? Or, contact Rogers Bank once per year to receive statement credit for value of rewards earned. You can find the disclosure on the Rogers MasterCard website. Simply click on the link above, then click on the Rewards tab on the Rogers page, then look at disclosure number one at the bottom of the page. What is the best BUSINESS credit card for low foreign transaction fees? I am often in canada UK. I use a UK card but the accountant prefers it all comes off the Canadian business account. Unfortunately the Rogers MasterCard, Fido MasterCard, Chase Marriott, Chase Amazon and Tangerine 1. Could you substantiate this claim? Will I be able to use the rogers Mastercard in Mexico at resturants and grocery stores etc and not incur the hefty fees or am I better off using my tangerine debit card to withdrawal from an atm one of the scotiabanks and sticking to cash payments our entire trip? Plus, you may have cash withdrawal fees with your Scotia debit as well. Could you direct me where did you found about zero fees for foreign exchange Thanks. Hope I am making sense. In your case, you gambled and the Canadian dollar happened to go down, so you won. Had it gone up in value, you would have lost. Regardless, when you initially exchanged your Canadian dollars to USD you paid a fee over and above the spot rate. With a credit card that subsidizes the foreign transaction fee, like the Rogers MasterCard, you would have netted 1. If I purchase goods on line in the US and use Rogers MC can I pay the bill with US dollars or they convert the US dollars to Canadian Dollars and the payment must be done in Canadian value? Could I pay it with a US chequing account? The Rogers card is not a US Dollar card. As such fee balances shown are in Canadian dollars. All payments will be made in their Canadian dollar value, so that your US Dollars would need to be converted to CDN to make your Rogers bill payment. EVERYONE gets the annual fee waived in the first year. First, you can redeem your cash back rewards as a statement credit once a year. The Costco MasterCard has no foreign transaction fees correct? Actually that is incorrect. The Costco MasterCard does charge a foreign transaction fee of 2. My wife and I have an RBC Visa Infinite Avion card. We travel to the states a couple of times a year and eventually will get a winter property down there. RBC is trying to sell us on their US Dollar card — would this be a wise thing to do? We have a US account so we could pay the card from that. If you need to convert Canadian dollars to US dollars to pay your US dollar credit card statement, than a US Dollar credit card is not the best alternative in the marketplace. If you use the Rogers MasterCard for US dollar purchases, MasterCard or Visa will charge an extremely low foreign exchange rate close to the spot rate. How does the cash back work? Is it yearly that you get that cash back? As a result, you will get. Hello Guys I would like to have your opinion befor I make my move. I am employed by a major airline. And I fly out of the country all the time. I use credit wherever possible. I have the Amazon visa. I buy quite a bit of stuff with them also. I am also a Rogers customers with 2 services with them. Amazon or if the Rogers would be a good option for me. I was told by colleagues to get the Rogers. But now with the 2. We would recommend the Rogers card, with no annual fee. The Rogers MasterCard offers. My wife and I recently returned from a trip to the UK. She used a Scotiabank MasterCard for some transactions, and I used a TD First Class Travel Visa Infinite card for others. On identical posting days, the two cards charged substantially different rates. Any idea why there is such a big difference? Needless to say, TD Visa has just lost my business for foreign travel. Their may be two reasons. Scotia has grandfathered the no foreign transaction fee benefit on the old Sears cards it converted. The difference between the two exchange rates is pretty close to 2. The second possibility, is that Visa typically charges a higher foreign exchange rate than MasterCard. We know from our own studies that Visa on average charges 30 basis points more than MasterCard. The problem is, the delta here is over basis points. You can go to xe. Also, for the annual fee you get a free night stay at a Marriot hotel every year so for me the card is free and usually the free night stay is worth more than the annual fee. Great card, highly recommended. We took your credit to heart and compared XE. When comparing July 26th, XE. Like we said, the difference is not huge, but it does exist nonetheless. We actually did an extensive study on this subject over a 52 week period. It demonstrably proved the Visa and MC exchange rates were over spot, but not by much. We agree the Mariott card is a GREAT card, especially if you can take advantage of its free nights welcome bonus with no first year annual fee. As you mentioned, the annual free night stay offsets the annual fee. I spend roughly half time in each place and have a bank account in both countries TD Bank in Canada and a small community bank in the US. My wife insists that using our American credit card in Canada is cheaper than using our Canadian card as the exchange rate is so good. Am I missing something here? As we have just begun splitting our time between countries by moving to Canada in July, we are maintaining our permanant residency for now in forex US. So we only have a TD ViSA debit card in Canada, not an actual credit card. You are correct and your wife incorrect. Since you have both Canadian and US dollar income, you are best off using each currency in their respective countries to avoid currency exchange fees. Even though your wife is using a credit card without any foreign transaction fees, she is still being charged an embedded foreign conversion fee by MasterCard of approximately 35 basis points not very muchbased on our most recent analysis comparing MC fees to market spot rates. Regardless, your theory is correct. Your wife is right that it feels cheaper for her to buy Canadian goods with Forex. Why take your U. Dollars and convert them in your case the credit card company is converting them to Canadian to buy Canadian? Regardless, those are your only cards in Canada which fee foreign transaction fees. I read this post today and became very concerned. I used to have the Chase Sears MasterCard too, but cancelled it when Scotiabank took it over and dropped the no foreign transaction fees. I just got off the phone with Chase, and asked them about your claim that they will be selling the two other Visa cards to Scotiabank. Could you please explain where you came across this information? Also, I had applied online for the Rogers card and was declined, I was told by an agent that if I went in person to a Rogers office I would be approved. I did this today, and I was approved. As we said, we are not convinced Chase will be keeping their Canadian Amazon and Marriott portfolios. This past week while traveling in the states I used my Rogers card to test this no fees theory. It would seem to me then that the rate to check wold be the exchange rate set by the issuing company i. The MC exchange rate could in theory be higher than the VISA exchange rate and with or without a bank fee surpass the other. There are potentially two fees on every transaction made with a foreign currency on your credit card. First is the foreign exchange rate, which is set by Visa and MasterCard not by the issuing credit card company i. Rogers, TD, RBC, BMO, CIBC, Chase, etc…. Second is the foreign transaction fee set by each credit card company. We have actually done a study comparing the foreign exchange rates of MasterCard versus Visa. What we have found though, is that they are much better than the rates offered by the banks in branches. Typically they are around 60 basis points higher than the Bloomberg spot rate, compared to the banks which charge basis points more than the spot rate. As per Rogers website, their Rogers Platinum Mastercard will start to charge a 2. From a pure value on spend perspective, Rogers still remains the best option for foreign transactions. You actually got more value from Rogers before the change of 4. You just have to redeem your cashback to earn the value. Marriott remains a great option during the first year where there is no annual fee, no 2. I plan to travel to South Africa for a 3 month and want to find a card that saves me the foreign transaction fees. I am with TD and used to love their Travel Infinity card but never took the 2. I like the Rogers card but noticed someone saying they convert transactions to USD prior to then converting to CAD. Although Rogers is one of the few credit card isuers to describe its full foreign currency conversion sequence, every issuer does the same thing, because the Forex. All said, it costs no more to exchange international currency using a Rogers MasterCard than it does any other MasterCard — MasterCard excanges the currency at the same rate for all its issuers. The only difference is, Rogers is the only Canadian MasterCard issuer not to charge a foreign transaction fee. Rogers is going to change this service, there will be 2. Amazon gets you 3. At the end of the year you can have Rogers apply your cash back earnings to your statement for any expenses, whether they are Rogers or not. You can redeem against Rogers services anytime. I bought two kindle books from Amazon within a minute of each other. I am in Canada. One was charged on an Amazon card. The other on on an MBNA card. My MBNA card is not tied to a bank. But for the two to come out exactly the same is very odd. You should call Chase to get an explanation. Hi I am leaving Canada this August to teach in Dubai for about 2 years. I plan on travelling as much as I can. I am want to avoid as much foreign transaction fees as I can. I was considering getting the Amazon. Either way, if I am making my purchases online with one of these credit cards in Dubai where the currency is in AED, will a foreign transaction fee apply for booking flights or hotels in Dubai? The answer is yes. I read this entire thread, this was very informative for me. I am considering 2 cards. I already have a Visa but I need a Mastercard. They offer a 2nd day free at Xcaret park which is a massive yearly savings for us. I am not sure which card would make us come out ahead at the end of the day. I am leaning towards the Rogers but I also like the idea of having access to the airport VIP lounges. Without knowing your Visa card its hard to say which MasterCard best rounds-out your wallet. The difference in rewards rate is only. Where the Rogers card will really shines is with the 2. I plan on doing some traveling in Europe and plan to put most of my purchases on a good rewards card that is a US dollar card. The reason is I have US dollars in my account with my Canadian bank. I have read about the TD US Dollar that gives no points and the RBC gold travel that gives some points, although not a great amount. Could you give any advice on what I should do? If you already have funds in U. You have a few alternatives. The first is to get a typical U. Dollar card from a Canadian bank. As you observed, those remain pretty vanilla, come with a fee and virtually no rewards. However, you can apply for a TD credit card, through TD Bank in the U. They too will pull your Canadian credit file to make a decision. And better to pay from US account. Not daft at all! When using the Rogers card, your bill will be in Canadian dollars, and you will pay the bill in Canadian dollars. If you do not earn your income in US dollars, it is almost always better for you to have your dollars converted by the Rogers MasterCard, as opposed to the bank. This is so because the exchange rate on the Rogers MasterCard without the foreign transaction feeis more competitive than the exchange rate provided by your retail bank. You have to compare that exchange rate to the Rogers exchange rate. This is a lot of great information. I just want to make sure I understand before applying for another card. I am retiring and will be travelling globally, beginning with a month trip through the U. I do not have a U. It looks like my best option is the Rogers MasterCard because they will convert my purchases into Canadian dollars at a lower exchange rate than the bank and boutique exchanges. I was also surprised to find that using Hotels. I will definitely make sure that I use Hotels. Does this apply to other sites as well? Yes, with the Rogers card, you will pay your credit card bills in Canadian funds Rogers will convert your U. Just to be clear though. Rogers will charge a 2. You will then deduct the 2. Any reason to explain this? Some issuers will only charge their foreign transaction fee as well as all others on your next statement. What your numbers do prove however, is that the foreign exchange rate is the same for both issuers and is a pass-through expense from VISA. Thank you for the response! Will keep info updated. It seems like there was an additional 1. We double checked to see if Visa exchange rate went up from the time of the transaction date to the posting date, but it actually went down, so we can rule that out. I took the Rogers and the Marriot Card. I still have my TD INfinite Aeroplan because I really like Aeroplan. If the reservation card made in a foreign currency, the 2. If the reservation is made in Canadian dollars, for example you use Expedia. If you book through Expedia. I have been using the TD US dollar travel card for years. I am fed up with not receiving any points or rewards. I have US funds in the account so converting Canadian to US funds is not a big issue. But what card would you recommend then for me to receive points for purchases in US dollars? I have read above about the RBC Gold VISA US DOLLAR Card. Is this also good for foreign travel? I make many purchases on my US dollar TD card while traveling globally as well. I have heard in the past that if the exchanged currency is not USD, then the credit card company will first exchange the needed currency i. Euro to USD then to our CAD. As a result, we will lose twice in the exchange process. In actual fact, we believe all currency transactions are effectively done this way, since the U. Regardless, it should not impact you, and we had done some research to figure this out. Thank you for your response! Given that the exchange rate provided by credit card companies are usually worse than the mid market rate. I guess, if the funds are converted twice, which means for one transaction we will lose twice in exchange. Moreover, because the U. So in essence although the amazon card claims not to have a transaction fee, you the consumer are still paying more than the absolute conversion of the exchange rates set by the world banks. Seems like its pick your poison when it comes to making international purchases. You are correct, Visa and MasterCard do charge a margin over and above the spot rate our research shows that MasterCard charges less more often than Visa when exchanging CDN to US dollars. MasterCard averaged about 58 basis points more than the Bloomberg spot rate, and Visa charged 98 basis points more. However, a no foreign transaction fee card still provides a much cheaper alternative to a credit card with a foreign transaction fee. In both cases, the credit card will be charged the same foreign exchange margin by Visa and MasterCard, except that the credit card with the foreign transaction fee credit be charged another fee by the issuing credit card bank another 2. Moreover, the basis points charged by MasterCard and Visa on average, is still far lower and better than the exchange rate you will receive at the bank. No foreign transacation fee makes sense…. You can cancel the Cdn Gold Amex off the list. It charges a 2. That leaves the Rogers MasterCard or Marriott, both have no foreign transaction fees, so they are more or less equal from that respect slight advantge to MasterCard though. Marriott provides a MUCH richer welcome bonus, with no annual fee in the first year and up to 5 free hotel nights — all you have to do is activate your card. Rogers on the other hand, offers a much richer rewards rate than Marriott for ongoing spend. You can then redeem your rewards for cash back as a statement credit once per year, by calling into Rogers. Frankly, you could get both cards, just in case one gets lost, stolen or frozen. Neither will have an annual fee for at least a year, so their both risk fee. Get Marriott for the welcome bonus, and Rogers for the earnings rate. I have had the Marriott Visa for a couple of years and it is fine. Our analysis showed something a little more nuanced. It showed Visa beat MC more often, however when MC beat Visa, it did so by a far greater margin. As a result, the MC beat out Visa on a weighted average of savings basis. So in the end, our numbers also showed you were better off using an MC over a Visa card. That said, the difference between the two was typically negligable. Such that, it made more sense to look at the value of the rewards or fees than the disparity between Visa or MC exchange rates. I had always assumed I was paying the 2. What I missed was the additional fee and had wrongly assumed the rate would be as per Bank of Canada or similar benchmark. It turns out the rate is set by Visa, the 2. I spent some time on the phone with the bank and never was able to determine just what Visa bases their exchange rate on. As I spend considerable time in the US and have a US account with funds in it I have applied for a US card and will discontinue using my Canadian card. First, Visa does charge the exchange rate, but then the issuing bank adds only the 2. We got the following:. The Visa rates are published here and the Bank of Canada Rates published here. You will still have to convert your Canadian dollars to U. Could you share with us, from your experience, which banks in the US will issue credit cards to Canadians? Florin, Banner Bank will give you a credit card as long as you open an account with them. They will check your Transunion credit file. Then wait several months and apply at the Bank of America where they will check your US credit file. Another option is to get a credit card with the Royal Bank USA. Visit your local branch or phone RBC Bank but dont apply online for anything at RBC. I speak from experience as I have a Banner Bank credit card and tried to apply online for a RBC Bank credit card online. I deal with the Banner Bank branch in Point Roberts. I give them my Canadian physical address and my mailing address at the Shell station in Pt. Roberts which only charges one dollar per piece of mail. My transunion credit score was I have Costco membership and I found out that the costco capital one mastercard has no foreign transaction fee so it works well for me since it gives lots of cashback as well. Here are their terms:. The Transaction amount will be converted to Canadian dollars using the MasterCard rate of exchange current at the time MasterCard processes the Transaction. When the converted Transaction amount is posted to your Account, we will add to the forex Transaction amount a foreign currency conversion charge equal to 2. Hmmm, I am trying to find out if the Capital One Costco MC has a Foreign Exchange transaction fee 2. I will contact them directly tomorrow to see what they say. The Costco Canada Capital One Platinum MasterCard does charge a foreign transaction fee of 2. The cardholder agreement reads as follows:. Just contacted the chat box on the Canadian site. Noticed on the American site that I was directed to first, does not charge the fx fee. As a Costco member I was glad to see your note. However I checked with Costco and they state that they apply a 2. It says so in their disclosures:. What is the big difference? We reviewed the disclosure statements of both companies, and spoke to a few issuers. Rogers has actually been transparent in the way it describes its transaction flow — it is using the method without the fees used by all the other big Canadian banks. We believe Chase is using the credit method, but has not articulated the process in as much detail as Rogers. Regardless, when spending U. The only time it could make a difference is if your spending in say Euros, then the euros are converted to U. We think everyone does it that way, as the U. If anyone has any other informed perspective, we would be more than happy to include it. Rogers reads as follows: Rogers Bank will not charge you any additional credit currency conversion fees. Chase reads as follows: Rogers has just changed their disclosure statement regarding foreign transactions today. Transactions in a foreign currency are converted to Canadian dollars at the rate established by MasterCard International in effect on the date that we post the transaction to your Account which may not be the same date as the date of the transaction. Hello GredyRates Staff, I just received the disclosure statement with my new card. Regardless, we did some research. Is canada still in my best interests to use this mastercard when travelling in Europe, saving the foreign exchange charge or will it end up costing me more in the end now that I know it is converted first to U. It is absolutely still in your best interest to use a no foreign transaction fee credit card when travelling in Europe. It makes no mathematical difference whether Rogers converts your Euros first into USD then to CDN, or first into CDN. The only difference that will impact the cardholder will be the exchange rates used by Visa and MasterCard. To that effect, we have seen some discrepencies, where sometimes Visa is more expensive, and other times MasterCard. However, we have noticed that when Visa is more expensive it deviates from the mean to a greater extent then MasterCard. The rest is just a proof. This article is misleading. Rogers does give you 1. That will not help when making foreign purchases when you will get nothing back. For whatever reason, Rogers hides the fact that cardholders CAN redeem once per year for a cash back statement credit in their fine print — not just against Rogers bills and services. We confirmed it directly with Rogers as well. You can read it here in the cards discolsure: Or, you can contact Rogers Bank once per year to receive an annual statement credit for the value of the rewards you have earned during that period. Just a heads up, not ALL Sears Mastercards were picked up by Scotiabank. I made the mistake of opening the Sears Voyage MasterCard in December instead of the basic card. As of Monday January 4, my card has been cancelled. I was not given an option to transfer to the Momentum card by Scotibank and they said there might be a product available for me by the end of this year. I was also not offered to transfer to another Chase product either. Scotia cancelled the Sears Voyage MasterCard as of January 4th without converting it and did not convert the Sears store card either. NEW SUMMARY OF CARDS REQUIRED Hi this has all been very helpful and now that there has been input from other sources, is it possible that you can list another summary of cards including the ones that helpful users brought up? We just added the newly issued Rogers Platinum MasterCard, which does not charge a foreign transaction fee. We did not include the Sears MasterCard, since it has been discontinued. I still have the Sears MasterCard, but now converted to Scotiabank billing wisebut the actual card is still Sears MasterCard. It says in the disclaimer that they still do not charge the foreign currency conversion charge. I will call them later to confirm. Scotia has so far committed to maintaining no foreign transaction fees on converted Sears accounts, even when you get your new Scotia Momentum cards. Scotia is not waiving foreign transaction fees for anyone except former Sears cardholders. Hey Greedyrates — so, I took your advice, and applied online for this card. I just finished a trip to the US and was amazed at how much I got hammered with exchange rates etc TD First Class Infinite card. So, here is my story You might want to change your recommendation. Also, I have an impeccable credit rating, high limit on my personal visa card, etc etc. So I asked why, and was told that because my current card at the time had a high balance on it since paid off because when I switched over to TD Aeroplan I got a bonus month without a statement that is why it was rejected — so I said just check it now — again, the figures they had were wrong. So I had a credit of time on my hands and asked to be put through to a customer service rep, and then was told that they did a full credit check etc — which is bogus because the front line guy told me that they did not do that, etc etc. All in all a BAD experience, and you should update your recommendations. Do you have it in writing from Scotia? Another option — although we love the sign-up bonus of 5 free nights on the Marriott card. Currency conversion is based on the MasterCard rate at the time of the transaction. Any update to this inquiry regarding US transaction fees when using Scotia MasterCard Momentum credit card. Scotia will be honouring the terms and conditions of the converted Sears card, meaning they will NOT charge a foreign transaction fee on the newly issued card. Scotia sent out a notice that included the following: If we make any changes to your rates or fees in the future, we will tell you first. So the current spread is: So, it looks like they are now just adding the 2. Hmmm… almost smells of a class action lawsuit. Anytime you exchange money at the bank, or at a foreign exchange bureau, they combine both the exchange rate and their fee into the exchange rate they quote you. Often times, they charge a lot more than 2. Because of previous class action lawsuits, credit card issuers are now required to show exactly how much they are charging you in foreign transaction fees usually 2. They then charge you the foreign exchange rate that MasterCard or Visa are able to secure close to the spot ratewhich is usually, if not always better than credit individual is able to secure for him or herself. No froeign transaction fee, plus the spot rate. Actually, I need to partly take back what I said. RBC DOES actually advise you of the 2. If I understand what you are saying, it is actually the other way around…. Also, we checked both the HSBC Premier and the HSBC Premier World, fee what we read, both charge the foreign transaction fee ftf. Now that Chase has sold it Canadian credit card holdings to ScotiaBank, it would seem we will no longer have any options left to avoid the greedy foreign transaction fees. I am assuming, with great hope, that I will have until the second week in November to avoid the fee when I use my current Sears Mastercard to pay off the balance of my booking. Even if Scotia adds the foreign transaction fees, it will likely only do so after the conversion of the card, which may take a little time look out for a letter soon. There are other options in the marketplace, such as the Amazon and Marriott card both Chase, so who knows what will happen to them in the next yearand the new Rogers MasterCard recently eliminated their foreign transaction fees. I thought only the Sears card was sold to Card. As a student studying in the USA, I rely on my Chase cards to save 2. I pay my tuition, rent, and all living expenses on that card. That saves me dollars a year and I still get that cash back! The exchange rate at my bank is actually higher than the Visa rate! You are correct, Chase has only sold the Sears credit card portfolio to Scotia. However, Chase also sold its Canadian credit card operations to Scotia. They sold their Canadian division so Scotiabank would be managing the Amazon credit card for Chase in Canada. Chase no longer has a credit card division in Canada. As of right now, Chase has sold its Canadian operations to Scotia. Chase still owns the Amazon. We expect Chase to divest the portfolio itself in the short term. I just called Rogers customer service. Furthermore, there is currently no foreign currency conversion fee, but there will be starting October 19, Moreover, Rogers gives you 1. Chase also offers an Amazon. Even better, it has no annual fee! Given the announcement that Sears is ending its credit card partnership with Chase, not sure how long that card is going to last! Gold Rewards, 1st Yr Free 25, Point Bonus [Terms]. Marriott, 1st Yr Free 4 Free Nights Bonus [Terms]. All rights reserved Designed by Pacatum San Francisco Web Designers. Rewards Credit Cards Travel Credit Cards Cash Back Credit Cards No Annual Fee Credit Cards Low Interest Rate Credit Cards Low Balance Transfer Rate Credit Cards Student Credit Cards Establish Credit Repair Credit U. Top Rewards Credit Cards Top Low Interest Credit Cards Top Cash Back Credit Cards Top Student Credit Cards. Home Credit Card Reviews Articles Credit Card News Credit Card Guides. Avoid Foreign Transaction Fees On Your Canadian Credit Card Share! Class Action Launched Against LoyaltyOne — Lessons Learned. Rogers Platinum MasterCard Credit Card Review. Miss M June 14, at Veronica June 8, at 2: GreedyRates June 15, at Thanks for your advice and for being a loyal reader of GreedyRates! Brenda May 27, at 5: GreedyRates June 7, at 1: Hey Brenda, thanks for asking us for clarification. Paul May 25, at 7: Plus you still get rewards with US credit cards from US institutions Now for the fun part. Also 29 dollars annual fee on top. Looks like Rogers Platinum card now has 2. GreedyRates May 14, at 1: Hi, We made note of it in our article here: Ivan April 19, at Tangerine CC is going to charge 2. We have only two options now: Robert May 10, at 1: GreedyRates May 23, at 1: Hi Robert, Thank you for your comment. Ian April 13, at GreedyRates April 26, at 1: We hope this helps, GreedyRates Staff. Yves June 5, at 5: Hi Greedy Rate, I already have the Amazon Chase Visa card, is it still good? Hey Yves, thanks for asking us some excellent questions. We hope that helps, GreedyRates Staff. Harold April 10, at GreedyRates April 19, at 1: Hi Canada, thanks for your comment. Hi Greedyrates, Going to Europe Italy, Greece, London, France in May. Which would card the better option for purchases? GreedyRates April 6, at 9: Hi dainfamous41, Huge breaking news on this! Hope that helps you make your decision! Matthew April 4, at Dennis Card 28, at Ryan March 29, at 3: Dennis March 30, at 6: Helen March 31, at Deborah April 14, at 3: Paqo March 16, at 3: GreedyRates March 16, at 3: AJohnB March 8, at 7: Ross March 14, at Debi March 20, at 3: I was told June 1. Also info came with recent billing. Bev March 25, at 1: Karen Palmer March 8, at 4: GreedyRates March 10, at 5: Hi Karen, Thanks for writing in. AJB March 10, at 8: GreedyRates March 13, at 2: Ann March 12, at 9: Jean March 12, at Action Jackson February 13, at 8: GreedyRates February 15, at 9: Hi Action, Not completely accurate! Que February 1, at 8: Mathieu Lavigne January 19, at 8: Thanks for any info, I love your website! Benjamin January 7, at Canada January 9, at Hi Benjamin, That is a good option. Benjamin January 13, at 3: Thanks for the reply — I will pursue this option! Roger Horner January 25, at 3: GreedyRates January 25, at 9: Hi Roger, Your logic is sound. Cam December 26, at 6: GreedyRates December 26, at 6: Hope the above helps clear things up!!! Andrew December 21, at 8: GreedyRates December 21, at 9: Hope that helps, GreedyRates Staff. Akira December 19, at 8: GreedyRates December 19, at 9: Jess November 15, at 3: GreedyRates November 15, at 4: Peter December 5, at 7: Bassam February 14, at Brad November 15, at 7: GreedyRates Card 15, at 7: Hi Brad, In your case, you gambled and the Canadian dollar happened to go down, so you won. Arm Pal November 2, at 1: GreedyRates November 2, at 9: Hi Arm, The Rogers card is not a US Dollar card. Gord October 21, at 6: GreedyRates October 21, at 6: Hope that helps clarify, GreedyRates Staff. Andy October 17, at 6: GreedyRates October 17, at 6: Hi Andy, Thanks for writing in! Pam September 30, at 4: GreedyRates September 30, at 4: Hi Pam, Thanks for writing in. September 9, at 2: Would RBC allow us to combine the travel points from our Canadian dollar and US dollar cards? GreedyRates September 9, at 3: Hi Mike, If you need to convert Canadian dollars to US dollars to pay your US dollar forex card statement, than a US Dollar credit card is not the best alternative in the marketplace. Does that make sense? Nicole September 8, at 7: GreedyRates September 8, at 8: P Rousseau September 8, at 6: GreedyRates September 8, at 9: Hi P Rousseau, We would recommend the Rogers card, with no annual fee. Jill September 4, at 9: GreedyRates September 5, at 5: Stacy September 5, at Another Greg August 25, at 5: GreedyRates August 25, at Hi Greg, Their may be two reasons. Another Greg August 26, at 3: Her card is in fact an old Sears card. Guess we should hang on to that one! Greg August 23, at 2: GreedyRates August 23, at 3: Thanks for the comments! Kit Eakle August 19, at 3: GreedyRates August 19, at 3: Hi Kit, You are correct and your wife incorrect. Azee August 5, at 6: GreedyRates August 5, at 1: Tim August 22, at Hello, I read this post today and became very concerned. Hi Card, As we said, we are not convinced Chase will be keeping their Canadian Amazon and Marriott portfolios. Glad to hear you got approved on the Rogers card! Alex Ernest August 2, at 4: GreedyRates August 2, at 4: Hi Alex, You are correct. Adam July 31, at GreedyRates August 1, at 2: Hi Adam, From a pure value on spend perspective, Rogers still remains the best option for foreign transactions. Mohammad July 23, at GreedyRates July 25, at 2: Hi Mohammad, Although Rogers is one of the few credit card isuers to describe its full foreign currency conversion sequence, every issuer does the same thing, because the U. Sally July 30, at 6: Tom July 21, at GreedyRates July 22, at 3: Ahmed July forex, at 7: GreedyRates July 21, at 2: Hi Ahmed, Great question! Karen July 16, at 9: GreedyRates July 16, at 9: Hi Karen, Without knowing your Visa card its hard to say which MasterCard best rounds-out your wallet. Hope that helps you with your decision. George June 18, at 6: GreedyRates June 20, at 6: Hi George, If you already have funds in U. Nana June 11, at 6: GreedyRates June 13, at 2: Hi Nana, Not daft at all! Teri August 3, at GreedyRates August 4, at 1: Hi Teri, Yes, with the Rogers card, you will pay your credit card bills in Canadian funds Rogers will convert your U. Richard June 8, at 1: BTW, I was using eBay and Card Payment method not Paypal on both purchases. GreedyRates June 8, at 2: Let us know if we have this right. Richard June 8, at 7: GreedyRates June 8, at 7: Hi Richard, It seems like there was an additional 1. Theripe June 2, at 2: GreedyRates June 3, at 1: Hi Theripe, If the reservation is made in a foreign currency, the 2. Hope that makes sense. May 22, at 5: Quick question for you experts… I have been using the TD US dollar travel card for years. May 23, at 8: Raymond May 19, at 3: GreedyRates May 19, at 2: Hi Raymond, In actual fact, we believe all currency transactions are effectively done this way, since the U. Raymond May 21, at 3: Hi, Canada you for your response! GreedyRates May 23, at 2: Hi Raymond, Actually no. Bruce May 17, at If anyone with more insight can chime in it would be really appreciated. GreedyRates May 18, at 2: No foreign transacation fee makes sense… BUT: Thanks so much — applying soon! GreedyRates April 18, at 6: Hi Ukiegirl, You can cancel the Cdn Gold Amex off the list. Trevor Pienaar March 24, at 6: Hi Greedyrates Staff I have had the Marriott Visa for a couple of years and it is fine. GreedyRates March 24, at 6: Curt March 7, at 7: GreedyRates March 7, at 9:
How To Create Foreign iTunes Account Without A Credit Card
How To Create Foreign iTunes Account Without A Credit Card
Little is known about this attempt, but several notes appeared in the Journal during the summer of 1905 when Cather was visiting Nebraska.
Mash these two medicines in a wood or stone mortar and then place them in an urn.
The writers with strong submissions will definitely get future work.