Canadian Cards with no Foreign Transaction Fees
#16
Join Date: Jan 2011
Location: YYZ
Posts: 765
I mostly find stuff on the star bland, but this was interesting...
http://www.moneyville.ca/blog/post/1...when-traveling
"For example, with my MBNA Platinum Plus Mastercard, all transactions made in a foreign currency will be converted to Canadian dollars. Then, an amount equal to 2.5 per cent of the converted transaction amount will be added to the total.
Meanwhile, my President’s Choice (PC) Financial Mastercard first converts all foreign transactions into U.S. dollars, and then into Canadian dollars, before charging a 2.5 per cent conversion fee."
Seems like PC financial mastercard does a double ding, by buying and selling USD (followed by a 2.5% fee)
I would love to know who else does this double ding. I was always under the impression that all of the cards operated like the MBNA one.
http://www.moneyville.ca/blog/post/1...when-traveling
"For example, with my MBNA Platinum Plus Mastercard, all transactions made in a foreign currency will be converted to Canadian dollars. Then, an amount equal to 2.5 per cent of the converted transaction amount will be added to the total.
Meanwhile, my President’s Choice (PC) Financial Mastercard first converts all foreign transactions into U.S. dollars, and then into Canadian dollars, before charging a 2.5 per cent conversion fee."
Seems like PC financial mastercard does a double ding, by buying and selling USD (followed by a 2.5% fee)
I would love to know who else does this double ding. I was always under the impression that all of the cards operated like the MBNA one.
#17
Join Date: Sep 2007
Posts: 415
And there is now movement on this in Canada. The first card with no foreign transaction fees in Canada comes from Chase:
Chase Amazon Visa
Chase has a microscopic foothold in Canada, primarily with their Sears cards and non-competitive Marriott card. Hard to say how big of an impact this new Amazon card will have, but it is the first to offer no forex fees.
Chase Amazon Visa
Chase has a microscopic foothold in Canada, primarily with their Sears cards and non-competitive Marriott card. Hard to say how big of an impact this new Amazon card will have, but it is the first to offer no forex fees.
#18
Join Date: Apr 2006
Location: YYC-LAS
Programs: AC Fly-Free-Forever Winner
Posts: 246
And there is now movement on this in Canada. The first card with no foreign transaction fees in Canada comes from Chase:
Chase Amazon Visa
Chase has a microscopic foothold in Canada, primarily with their Sears cards and non-competitive Marriott card. Hard to say how big of an impact this new Amazon card will have, but it is the first to offer no forex fees.
Chase Amazon Visa
Chase has a microscopic foothold in Canada, primarily with their Sears cards and non-competitive Marriott card. Hard to say how big of an impact this new Amazon card will have, but it is the first to offer no forex fees.
Well, some guy from Redflagdeals found a loophole. He compared the Amazon U.S. and Amazon UK websites, and substitute with .ca, and low and behold, he found the actual link to apply for the card.
http://www.amazon.ca/gp/cobrandcard/marketing.html
I applied and got instant approved and received $15 Amazon GC in my account.
#19
Join Date: Apr 2006
Location: YYC-LAS
Programs: AC Fly-Free-Forever Winner
Posts: 246
And there is now movement on this in Canada. The first card with no foreign transaction fees in Canada comes from Chase:
Chase Amazon Visa
Chase has a microscopic foothold in Canada, primarily with their Sears cards and non-competitive Marriott card. Hard to say how big of an impact this new Amazon card will have, but it is the first to offer no forex fees.
Chase Amazon Visa
Chase has a microscopic foothold in Canada, primarily with their Sears cards and non-competitive Marriott card. Hard to say how big of an impact this new Amazon card will have, but it is the first to offer no forex fees.
#20
Join Date: Feb 2011
Location: YXT
Programs: AC*E50, SPG Plat,
Posts: 575
It's great to see Chase bring in a card without forex fees. Even though I don't plan on getting that card, I'm hoping it'll spur other cc issuers to compete.
Even better would be Chase stepping up their Canadian offerings instead of offering second rate rewards cards. Dump the Marriott card and match the Hyatt card that's offered in the US. They could also bring in a Canadian version of their Sapphire Preferred (Crimson Preferred?) with no forex.
Even better would be Chase stepping up their Canadian offerings instead of offering second rate rewards cards. Dump the Marriott card and match the Hyatt card that's offered in the US. They could also bring in a Canadian version of their Sapphire Preferred (Crimson Preferred?) with no forex.
#21
Join Date: Aug 2008
Programs: HHonors Gold, Marriott Lifetime Gold, IHG Gold, OZ*G, AA Gold, AS MVP
Posts: 1,874
I'd actually prefer that they allow cross-border applications. US->Canadian card for true Chip+PIN (or for C$ spending needs) and Canada->US card for other benefits.
#22
Join Date: Nov 2011
Posts: 6,384
Interesting. At least you get essentially get 1% back on US purchases. I don't think the promote it very well though; I was on the chase canada site a few weeks ago, and saw the card - but not big display on no foreign transaction fees. Don't really think anyone will match though - it's a really nich[y] card.
#23
Join Date: Oct 2007
Programs: AA, WN, UA, Bonvoy, Hertz
Posts: 2,491
Another Chase Canadian card added
Chase has added another card to the Canadian portfolio without FTF.
As posted here...
http://www.flyertalk.com/forum/marri...visa-card.html
There is an annual fee of 120 CAD (waived the first year), but you do get an annual 1-5 free night certificate ever year you pay an annual fee (like the US one). A bit more expensive than the US version, but these things are market driven of course...
Rasheed
As posted here...
http://www.flyertalk.com/forum/marri...visa-card.html
There is an annual fee of 120 CAD (waived the first year), but you do get an annual 1-5 free night certificate ever year you pay an annual fee (like the US one). A bit more expensive than the US version, but these things are market driven of course...
Rasheed
#24
Join Date: Sep 2007
Posts: 415
Actually, it seems Chase Canada has gone whole hog on "no forex fee". Aside from Amazon and Marriott, their Sears Mastercards also do not have Forex fees anymore. In fact, it seems that at present only their Best Buy Visa card still has a FTF.
Well done to Chase Canada for making this move! They may be a tiny player in the Canadian market, but hopefully this will get noticed and move some of the bigger players like RBC, CIBC and TD to follow suit.
Well done to Chase Canada for making this move! They may be a tiny player in the Canadian market, but hopefully this will get noticed and move some of the bigger players like RBC, CIBC and TD to follow suit.
#25
Join Date: Nov 2011
Posts: 6,384
Actually, it seems Chase Canada has gone whole hog on "no forex fee". Aside from Amazon and Marriott, their Sears Mastercards also do not have Forex fees anymore. In fact, it seems that at present only their Best Buy Visa card still has a FTF.
Well done to Chase Canada for making this move! They may be a tiny player in the Canadian market, but hopefully this will get noticed and move some of the bigger players like RBC, CIBC and TD to follow suit.
Well done to Chase Canada for making this move! They may be a tiny player in the Canadian market, but hopefully this will get noticed and move some of the bigger players like RBC, CIBC and TD to follow suit.
#26
Join Date: Aug 2008
Location: YXY
Posts: 3,504
Amex does. Just to be clear, the 2,5% are added only once.