FlyerTalk Forums - View Single Post - Air Canada and CIBC launch multicurrency prepaid card for travellers
Thread: Air Canada and CIBC launch multicurrency prepaid card for travellers
View Single Post
Old Sep 26, 2016 | 2:29 pm
  #26  
ffsim
20 Countries Visited
All eyes on you!
15 Years on Site
 
Join Date: Oct 2009
Location: YUL
Programs: AC SE (*A Gold), Bonvoy Platinum Elite, Hilton Gold, Amex Platinum / AP Reserve, NEXUS, Global Entry
Posts: 5,760
Originally Posted by segacs
Thanks for the info. I'm curious, though: If it's essentially the same rate as your TD online banking FOREX service, how do you figure it's saving you the 2.5%?
I've done enough expense reports to know that the amount I pay on credit card charges is at least 2.5% higher than if I made a foreign currency transfer between my TD accounts and withdraw in US dollars.

Originally Posted by segacs
You realize TD charges the 2.5% on online banking too, right?
I've never seen any proof or documentation to that end. All I've seen is it's historically been cheaper for me to transfer money to the USD account, withdraw it and spend cash versus pay for an item with my Amex or Visa cards.

Good job ignoring the other points.

Originally Posted by Jumper Jack
Maybe you are just not "sophisticated" enough
Yeah, I'm sure that's it
ffsim is offline  
Reply