Canada post draft
Jul 5, 2009 | 3:45 am
#1
Original Poster
Join Date: Dec 2001
Location: canada
Programs: BA, AA, SPG, US, DL
Posts: 184
Canada post draft
I am starting some majors repairs to my house and, I am asking me if its possible to pay with credit card at the post office to make post draft. (and pay my supplier with it) this would be a great way to grab AE points .
anybody have experience with it ?
anybody have experience with it ?
Jul 5, 2009 | 6:44 am
#2
Join Date: Jun 2001
Location: YUL-YQB-BTV
Programs: SPG-Marriott Titanium Elite
Posts: 4,356
I wouldn't know about Canada Post, however, you may use one of their outlets in drugstores, as I remember using a cc to pay for large mailing, so I think they would accept it for money orders. Good luck and keep us posted!
Jul 5, 2009 | 7:12 am
#3
FlyerTalk Evangelist
Join Date: Sep 1999
Location: Toronto, Ontario, Canada
Programs: OWEmerald; STARGold; BonvoyPlat; IHGPlat/Amb; HiltonGold; A|ClubPat; AirMilesPlat
Posts: 38,190
Money orders are not the same as postage stamps and similar mailing services. Since drafts represent an actual cash amount, the merchant (i.e. drug store outlet or Canada Post) must absorb the cc service charges at one end and Canada Post itself at the other end providing the item/service purchased. With a spread of between 3% and 5% I would have problems seeing a Crown agency foregoing such revenue when a money order (i.e. cash) is at play unless there is a service charge for issuing a money order, that cc cost may be covered on a sliding scale of fee.
Jul 5, 2009 | 7:46 am
#4
Join Date: Aug 2006
Location: Somewhere cold - preferably up a mountain
Programs: AC Subhuman (*A silver), NW Barely Alive
Posts: 842
Of course there is a fee! It's $5 (last I checked) plus any currency exchange, plus they will only sell to a maximum amount (often $1000) so you have to buy multiples if your bill will be over that.
Is there anything that doesn't come with fees these days?
Is there anything that doesn't come with fees these days?
Jul 5, 2009 | 9:55 am
#5
FlyerTalk Evangelist
Join Date: Sep 1999
Location: Toronto, Ontario, Canada
Programs: OWEmerald; STARGold; BonvoyPlat; IHGPlat/Amb; HiltonGold; A|ClubPat; AirMilesPlat
Posts: 38,190
BTW for the Mod who moved this thread, had the OP titled it "Earning AE miles by buying Post Office money orders" would that not make it a legitimate AE forum thread?
Jul 5, 2009 | 2:44 pm
#6
Join Date: Jun 2003
Location: YVR
Programs: AC E75, SPG Plat, HH peon-by-choice (ex Gold)
Posts: 8,090
Very interesting. So, if I buy $15K in Canada Post drafts, that would cost me (15 x $5) $75. Assuming I can deposit these drafts into my bank account, this seems to be a much better deal than signing up for CC's.
Jul 5, 2009 | 3:22 pm
#7
Join Date: Jan 2005
Location: Vancouver, Canada
Programs: United MileagePlus Silver, Nexus, Global Entry
Posts: 8,810
Why don't you just pay your contractor by credit card? May give you all kinds of purchase protection as well...?