Originally Posted by
Preacher7
Another good point showing why Canadians have it better than Americans in this one aspect of the game: SPG. With the weak Canadian Peso, your earning rate is currently 25% higher than in the US.
This is an interesting aspect that I hadn't given much thought to.
As someone with both the US and Canadian SPG Amex, I'm trying to calculate if it's worth it to pay for something in the US with the Canadian card?
Example: Widget costs $100 US (~130 CAD). Assume USD/CAD=1.3
Pay with US SPG Amex: 100 *points
Pay with Cdn SPG Amex: 133 *points
But these 33 additional *points cost something.
1) Assume Amex Canada adds a 2.5% fee to the exchange rate.
2) Assume that converting from CAD to USD would cost at least 1.6% over the rate you find on xe.com.
3) Therefore, those 33 *points cost [($2.5-$1.6)/(133-100)] = 0.027
Therefore, it wouldn't be worth it. Correct?