calliopecruiser Posted August 21, 2012 #1 Share Posted August 21, 2012 Until very recently there were no Canadian credit card issuers that waived foreign transaction fees, as there are in the US; now Sears Financial (Mastercard) and Amazon.ca (Visa) both offer credit cards with no fees on foreign transactions (and no annual fees).......could be a money-saver for frequent travelers and shoppers. The normal foreign transaction fee is 2.5%-3%. Link to comment Share on other sites More sharing options...
Rare LHT28 Posted August 22, 2012 #2 Share Posted August 22, 2012 Interesting ..will check them out Link to comment Share on other sites More sharing options...
T.O.cruisers Posted August 24, 2012 #3 Share Posted August 24, 2012 Until very recently there were no Canadian credit card issuers that waived foreign transaction fees, as there are in the US; now Sears Financial (Mastercard) and Amazon.ca (Visa) both offer credit cards with no fees on foreign transactions (and no annual fees).......could be a money-saver for frequent travelers and shoppers. The normal foreign transaction fee is 2.5%-3%. Yup, I read the little pamphlet that came with my bill. Now I have a new favourite card for vacations outside Canada. I'm taking my Sears M/C to Europe. Link to comment Share on other sites More sharing options...
Rare Keith1010 Posted August 25, 2012 #4 Share Posted August 25, 2012 Good information. Keith Link to comment Share on other sites More sharing options...
neptuno Posted March 22, 2013 #5 Share Posted March 22, 2013 Thanks for the info. I had asked this question in another post. Anyone with other card suggestions? Link to comment Share on other sites More sharing options...
hockeyguru32 Posted March 25, 2013 #6 Share Posted March 25, 2013 Some Credit Union Master Cards like the one I have can also be used as well. I suggest calling your credit card company to find out Link to comment Share on other sites More sharing options...
cutiepie43 Posted March 26, 2013 #7 Share Posted March 26, 2013 Thanks for the info. I had asked this question in another post. Anyone with other card suggestions? We just got the Marriott rewards premier visa and it has no foreign transaction fees and 5 free nights in hotel stays. Also the fee is waived for the first year. We'll take advantage of the perks and then cancel before the one year is up. Link to comment Share on other sites More sharing options...
RickCanada Posted April 10, 2013 #8 Share Posted April 10, 2013 Keep in mind that the MasterCard rate is still 1% over the official exchange rate but is still 1.5% better than the bank rate. The sears card almost pays off if they offer sears points even when out of the country, then you are essentially paying just the official rate. Did this make sense? Eg: To buy $1 USD MasterCard: $1.017 Cdn Official rate: $1.016 RBC rate: $1.042 TD borderless: $1.031 I use a US credit card and then pay it with the TD borderless rate. Link to comment Share on other sites More sharing options...
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