Foreign fees on Credit Card : r/PersonalFinanceCanada - Reddit

Foreign fees on Credit Card . Credit I have a Cibc Aeroplan Visa which states that there is a 2.5% foreign transaction fee, but when making purchases in America, the conversion rate posted to …

CouponFollow Extension

5%
OFF

Foreign Fees On Credit Card : R/PersonalFinanceCanada - Reddit

2 weeks from now

Foreign fees on Credit Card . Credit I have a Cibc Aeroplan Visa which states that there is a 2.5% foreign transaction fee, but when making purchases in America, the conversion rate posted to …

reddit.com

5%
OFF

Credit Card Foreign Transaction Fee : R/PersonalFinanceCanada

2 weeks from now

If a card with an 2.5% fx fee makes a fx purchase and then a fx refund you get charged the 2.5% twice. Really adds up esp for large purchases. Especially bad when some merchants do this …

reddit.com

5%
OFF

Best No Foreign Transaction Fee Credit Card : R ... - Reddit

2 weeks from now

So, although both cards have 2.5% f/x fee, with the cash back it is reduced to 0.5% for everything (base rate), or you could come out ahead on a net basis if applying to Rogers bills, or with …

reddit.com

1%
OFF

Best Credit Card With No FX Fees : R/PersonalFinanceCanada - Reddit

2 weeks from now

NOT A CREDIT CARD: but I use wealthsimple cash card. No FX fee. 1% cash back. I do believe that amex offer worst exchange rate. Mastercard the best.

reddit.com

1%
OFF

How To Avoid Credit Card Foreign Exchange Fees? : R ... - Reddit

2 weeks from now

The card waives the fx fee and gives you 1% cash back as well. The Scotiabank Passport Visa Infinite also waives the fee. For an annual fee of $139, you get 2x the points on groceries, …

reddit.com

5%
OFF

Best Credit Card With No Transaction Fees? : R ... - Reddit

2 weeks from now

What Canadian credit card would you recommend that doesn’t charge the 2.5% foreign transaction fee? I will have about $12,000-$14,000 of US transactions this summer. I’m …

reddit.com

0%
OFF

Best Canadian Credit Card For Travel. Looking For 0% Foreign

2 weeks from now

I'm looking for a 0% foreign transaction fee card with best exchange rates. Ive seen 2. Home Trust Visa: uses visa exchange rates, 0% foreign transaction fees, have a $0 annual fee card …

reddit.com

2%
OFF

Credit Cards With No Foreign Transaction Fee : R/PHCreditCards

2 weeks from now

Amex Cash Back (2% rebate on foreign transactions; 2.5% fee) Maybank Platinum Visa/MC (1% rebate on foreign transactions capped at 10,000 per year; fee 1.8%) BPI cards (1.85% fee) …

reddit.com

FAQs about Foreign fees on Credit Card : r/PersonalFinanceCanada - Reddit Coupon?

Why do Canadian credit cards charge foreign exchange fees?

Foreign exchange fees, or FX fees, occur when we use a Canadian dollar credit card or debit card to pay for something in a foreign currency. These fees almost always tack on an additional 2.5% fee on Canadian credit cards and quickly erase any value earned from spending on most cards, which makes avoiding them easily profitable. ...

Does RBC have foreign transaction fees?

However, it’s important to keep in mind that this isn’t a traditional card, so you can’t deposit cash into your account, just transfer it. While RBC doesn’t have a card with no foreign transaction fees, the fees you will have to pay are based on the card that you get. Let’s take a look at the fees and rates on RBC credit cards. ...

How much is a foreign transaction fee on a credit card?

Let’s say you’re visiting the United States and you want to pay for a meal that costs $50 USD, and your card’s foreign transaction fee is 2.5%. Assuming your credit card’s network’s current exchange rate for USD to CAD is 1.35, here is how the calculation works out: The foreign transaction fee for this purchase would be $1.69. ...

Do Canadians pay foreign transaction fees?

Canadians love travel and shopping, but when using their credit cards outside of Canada, many pay foreign transaction fees—as much as 2.5%—on every purchase, and that’s on top of the exchange rate. ...

Do credit card companies charge foreign currency fees?

Credit card companies and banks commonly charge these fees, which you may have to pay not only when you’re physically making debit or credit card purchases outside the U.S. but also on any transactions in a foreign currency. ...

Can a credit card with no foreign transaction fees save you money?

A credit card with no foreign transaction fees saves you money when you travel abroad or shop online. While we adhere to strict editorial guidelines, partners on this page may provide us earnings. Most Canadian cards charge up to 2.5% in foreign transaction fees (FX fees), but a no FX fee card can easily eliminate this cost. ...