American Express Membership Rewards - US dollar exchange rates on Canadian Amex Platinum card




trilinearmipmap
Jun 24, 07, 3:11 pm
I recently made three U.S. hotel bookings on my Canadian Amex Platinum card. Amex charged my between 2% and 2.4% above the average daily exchange rate for the dates of the transactions.

This is not a huge amount of money as it amounts to about $20.00 to $24.00 per thousand dollars of transaction. Nevertheless it will add up over time.

Have Canadian travellers found a card that offers a better U.S. dollar exchange rate? I do not travel enough to warrant getting a U.S. dollar credit card.


mia
Jun 24, 07, 3:43 pm
...Canadian Amex Platinum card. Amex charged my between 2% and 2.4% above the average daily exchange rate for the dates of the transactions.

The card terms mention the fee for foreign currency transactions...

Charges made in foreign currencies: The conversion commission is 2.2%.

http://www.iplatinum.americanexpress.com/prospect/canada/english/FrontServlet?request_type=ApplyForCard



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