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Thread: Canadian credit card with no foreign exchange surcharge..does one exist?
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Old Oct 17, 2009 | 5:35 pm
  #12  
dashi
 
Join Date: Mar 2008
Location: Suzhou, China
Posts: 44
Wirelessly posted (BlackBerry9000/5.0.0.238 Profile/MIDP-2.1 Configuration/CLDC-1.1 VendorID/107)

I use the hsbc premier mc which doesn't charge forex fee. The benefit is not very good...

Visa and MC both charge 1%+ for forex which is their interbank rate, then credit card issuer charge an additional 2%+ on top

That's the bread and butter for banks...
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