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Old Dec 19, 17, 9:35 pm
  #4464  
jerryhung
 
Join Date: Mar 2007
Location: Toronto, Canada
Programs: SPG Gold
Posts: 4,579
Originally Posted by Hyacinthe View Post
I never considered it myself because of the relatively high fees, but those looking to reach large minimum spend could consider buying a Wealthsimple gift card (and deposit into a the account of a spouse or a close friend, as you cannot send a gift card to yourself). They accept Amex, Visa and Mastercard and charge fees around 3%. https://my.wealthsimple.com/app/gifts
That's a cute alternative, reminds of PayTM when it used to pay investment account like TD Waterhouse with 3% fee too
Otherwise some $500 prepaid GC only has $7 fee and should be the better option

Originally Posted by nabeelj View Post
If you're going to incur that cost, you can just pay that spouse or close friend using Paypal for 2.9%.
I've read that using AMEX with PayPal can easily trigger some audit/issues, so I'd leave PayPal as last resort
Plastiq @ 2.5% for pre-paying some bills is safer
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