Canadian Credit Cards with no foreign exchange transaction fees
- Thread starter IRUNGUNS
- Start date
.30/06 FTW
CGN Ultra frequent flyer
- Location
- Thunder Bay, Ontario
I have a Wealthsimple Cash card. It’s prepaid so good for using online as a burner card in general if you’re super paranoid about security. 1% cash back, and it has a virtual number for online purchases. Might get the Scotia Passport VI in the future if I get a bank account with them again and get the fee waiver.
That’s because it has a forex fee. The old one didn’t but the current one does. You get 1% back so it’s essentially a 1.5% forex fee instead of 2.5% but it still has the fee.
That’s because it has a forex fee. The old one didn’t but the current one does. You get 1% back so it’s essentially a 1.5% forex fee instead of 2.5% but it still has the fee.
I thought they phased out the no fee amazon.ca Visa. Mine was cancelled by the issuer. I went with a hometrust USD Visa instead
We have the Roger's World Elite. When we got it there was an annual fee, but it was waived if you autopay your Roger's phone bill with it. That site says its a no fee card now, so maybe that has changed - I know they changed a lot of things a few years ago.
The whole reason we got this card was its high cash back on USD purchases, more than covers the forex fees.
Also the 80k a year thing is not actually a requirement, at least not if you start with their lower tier card and get upgraded via use. We don't make $80k a year.
The whole reason we got this card was its high cash back on USD purchases, more than covers the forex fees.
Also the 80k a year thing is not actually a requirement, at least not if you start with their lower tier card and get upgraded via use. We don't make $80k a year.
If y'all are good using a visa debit, check out WISE. Their exchange rates are good and you can hold other currencies as well. I have WISE linked to my bank account, so it costs $0 to send money to my WISE account only when I need it. They also let you create virtual visa cards that you can freeze on command.
I did the same. Looks like Amazon.ca has a new Mastercard that refunds the 2.5% forex.
Shorerider
CGN Regular
- Location
- British Columbia
I have a TD USD credit card. No fees and if you watch the exchange you can buy USD when our dollar is favourable and save on credit card exchange.
Ghocyribal
New member
My friend’s account on wise was recently blocked and they didn’t tell me why. They just wrote that he can appeal. And after I submitted it, they finally blocked the account and said that they would not explain anything. Although he certainly did not commit any illegal actions. Very strange policy. I read on DashDevs details about ewallet app development. And it seems to me that companies offering digital wallets should be more open about their actions and explain to the user why their account was blocked. Perhaps this is due to some security bug or something else
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Maybe they're getting out of the business? Something similar happened to me with my Amazon VISA.
If you're on TD, and have a TD direct investing account, you can open a usd chequing account with a visa card that charges NO forex fees.
You simply pay it off with your regular chequing account every month (or whatever). I only leanred this when I called them
You simply pay it off with your regular chequing account every month (or whatever). I only leanred this when I called them
