How to save on exchange rates when travelling to the U.S. for March break + MORE Mar 6th

There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
Latest News

Best ever bonus! Get up to 60,000 Asia Miles on the Cathay World Elite® Mastercard® + increased earn on Cathay flight purchases! Jul 6th

Neo and Cathay have revealed a new increased welcome bonus offer on the Cathay World Elite Mastercard – powered by Neo and they have also increased the accelerated earn rate for Cathay Pacific flight purchases! When you apply for and are approved for the card you can receive up to 60,000 bonus.... More »
 air miles

More Canadians are rethinking their bank. Should you? + MORE Jul 23rd

Clinton Begin was growing tired of frequent visits to bank branches and calling into the trading desk to check on various transactions. “There (were) a lot of things that just took too much of my time. I was always phoning, always going to visit them. It was always a big deal,” he recalled. .... More »

Gemini and Blanco Telescopes Unlock Clues to Origin of Longest Gamma-ray Burst Ever Observed - NOIRLab + MORE Dec 8th

Gemini and Blanco Telescopes Unlock Clues to Origin of Longest Gamma-ray Burst Ever Observed  NOIRLabBlack Hole Eats Star: NASA Missions Discover Record-Setting Blast  NASA Science (.gov)Unusual gamma ray burst discovery is 'unlike anything ever witnessed before'  MSN.... More »

The best GIC rates in Canada for 2025 Jan 13th

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
 amex

What Canadians want from their rewards programs—and how to actually get it Nov 14th

November is Financial Literacy Month, and the perfect time for Canadians to take stock of how well their money is working for them. Credit card rewards programs play a big role in that picture, helping many Canadians get more value from their everyday spending. According to a new Angus Reid survey c.... More »
Earning points with banking products and services beyond credit cards is gaining popularity in Canada and one of the latest such opportunities is opening a Direct Investing account with RBC. RBC Direct Investing^ is offering a $300 cash bonus and up to 500,000 Avion points* (up to $10,000 in travel value1) when you open your […]
The post Get a $300 cash bonus and up to 500,000 Avion points when you open your first eligible RBC Direct Investing^ account [OFFER EXTENDED] appeared first on Rewards Canada.

Continue Reading On RewardsCanada.ca »

The Ultimate No Foreign Transaction Fee Credit Card Portfolio, AIR MILES Flash Offer to earn 40x miles at Shell and Air Canada adding Montreal to Bermuda flights. Check out today’s points & miles updates here:
The post RWRDS Daily Update Mar 5: The Ultimate No Foreign Transaction Fee Credit Card Portfolio appeared first on Rewards Canada.

Continue Reading On RewardsCanada.ca »

Canadians wondering how best to pay for items in U.S. dollars amid spring break season have several options, with savings on currency conversion all the more critical as the loonie hovers near 22-year lows. 

Credit cards to save on exchange fees

Credit cards often offer the most sensible way to spend abroad, says Barry Choi, who runs the Money We Have personal finance and travel website.

They typically charge foreign transaction fees of about 2.5% on each purchase—a cheaper option than those done via debit card or ATM.

“A lot of people don’t know about this fee because it’s baked right into the exchange. So when you get your statements, you just see the exchange rate, you don’t realize that fee is included,” Choi said.

However, multiple credit card providers offer fee-free transactions. These come via “travel cards,” including the Scotiabank Passport Visa Infinite card, Brim Mastercard and Home Trust Visa card.

“Sometimes people think, ‘I’ll just get the U…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!