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Watch out for Credit Card fees when travelling to Canada
We just got back from a 2 month trip to East Coast and Canada.-- Beautiful
and loved it despite $1.59/Liter for diesel! I have always been told to use a credit card when out of the US since you get the benefit of paying in Canada Dollars which are running at about $.95 US then the credit card company converts your charge to $US. As far as this goes, it is true and I saved about $25 when the transactions were posted. What I was not aware of was that CITI card charges a "Foreign Transaction Fee" on every purchase. This totaled up to a charge of over $100 US. It's my fault for not reading all the fine print but this didn't happen 7 years ago when I was using an ATT card in Canada. I just wanted to let you guys to be aware of this. I should have done what I did with some of my cash on hand which was to go to a Royal Bank of Canada and have them change $100 US to Canadian for a $3 fee so that I would have pocket money.(btw Canadian money is pretty) that would have been cheaper . Anyway we had a great trip and I wanted to save you guys some cash. Don't be a dummy like me! |
Watch out for Credit Card fees when travelling to Canada
Yep, and it didn't cost CITI one penny more to do the Canadian transactions.
"Rtavi" wrote in message ... We just got back from a 2 month trip to East Coast and Canada.-- Beautiful and loved it despite $1.59/Liter for diesel! I have always been told to use a credit card when out of the US since you get the benefit of paying in Canada Dollars which are running at about $.95 US then the credit card company converts your charge to $US. As far as this goes, it is true and I saved about $25 when the transactions were posted. What I was not aware of was that CITI card charges a "Foreign Transaction Fee" on every purchase. This totaled up to a charge of over $100 US. It's my fault for not reading all the fine print but this didn't happen 7 years ago when I was using an ATT card in Canada. I just wanted to let you guys to be aware of this. I should have done what I did with some of my cash on hand which was to go to a Royal Bank of Canada and have them change $100 US to Canadian for a $3 fee so that I would have pocket money.(btw Canadian money is pretty) that would have been cheaper . Anyway we had a great trip and I wanted to save you guys some cash. Don't be a dummy like me! |
Watch out for Credit Card fees when travelling to Canada
Rtavi wrote:
transactions were posted. What I was not aware of was that CITI card charges a "Foreign Transaction Fee" on every purchase. This totaled up to a charge of over $100 US. It's my fault for not reading all the fine print but this didn't happen 7 years ago when I was using an ATT card in Canada. I just wanted to let you guys to be aware of this. I should have done what I did with some of my cash on hand which was to go to a Royal Bank of Canada and have them change $100 US to Canadian for a $3 fee so that I would have pocket money I don't think you can get a credit card from anyone anymore that doesn't charge a fee for Foreign exchange. Also, the next time you visit Canada, ask if there is a fee before exchanging cash. I have never paid a fee to exchange cash in Canada. I have walked out the door of a few banks and gone down the street to another bank. Tom J |
Watch out for Credit Card fees when travelling to Canada
"Rtavi" schrieb
I should have done what I did with some of my cash on hand which was to go to a Royal Bank of Canada and have them change $100 US to Canadian for a $3 fee so that I would have pocket money.(btw Canadian money is pretty) that would have been cheaper . Probably not: You get a different exchange rate when you buy cash at the bank. Buying 100 CAD will cost you more USD than buying an item worth 100 CAD with your credit card. Jochen |
Watch out for Credit Card fees when travelling to Canada
I convert to Canadian currency at my local bank, there has not been a fee.
They will only convert *paper*, no coin. "Rtavi" wrote in message ... We just got back from a 2 month trip to East Coast and Canada.-- Beautiful and loved it despite $1.59/Liter for diesel! I have always been told to use a credit card when out of the US since you get the benefit of paying in Canada Dollars which are running at about $.95 US then the credit card company converts your charge to $US. As far as this goes, it is true and I saved about $25 when the transactions were posted. What I was not aware of was that CITI card charges a "Foreign Transaction Fee" on every purchase. This totaled up to a charge of over $100 US. It's my fault for not reading all the fine print but this didn't happen 7 years ago when I was using an ATT card in Canada. I just wanted to let you guys to be aware of this. I should have done what I did with some of my cash on hand which was to go to a Royal Bank of Canada and have them change $100 US to Canadian for a $3 fee so that I would have pocket money.(btw Canadian money is pretty) that would have been cheaper . Anyway we had a great trip and I wanted to save you guys some cash. Don't be a dummy like me! |
Watch out for Credit Card fees when travelling to Canada
On Sun, 27 Jul 2008 11:03:02 -0500, "Rtavi"
wrote: We just got back from a 2 month trip to East Coast and Canada.-- Beautiful and loved it despite $1.59/Liter for diesel! I have always been told to use a credit card when out of the US since you get the benefit of paying in Canada Dollars which are running at about $.95 US then the credit card company converts your charge to $US. As far as this goes, it is true and I saved about $25 when the transactions were posted. What I was not aware of was that CITI card charges a "Foreign Transaction Fee" on every purchase. This totaled up to a charge of over $100 US. It's my fault for not reading all the fine print but this didn't happen 7 years ago when I was using an ATT card in Canada. I just wanted to let you guys to be aware of this. I should have done what I did with some of my cash on hand which was to go to a Royal Bank of Canada and have them change $100 US to Canadian for a $3 fee so that I would have pocket money.(btw Canadian money is pretty) that would have been cheaper . Anyway we had a great trip and I wanted to save you guys some cash. Don't be a dummy like me! The following site has a discussion and table listing the fees charged by many US-issued debit and credit cards: http://flyerguide.com/wiki/index.php...reign_Exchange Alex |
Watch out for Credit Card fees when travelling to Canada
"Bill B" wrote in message . .. I convert to Canadian currency at my local bank, there has not been a fee. They will only convert *paper*, no coin. "Rtavi" wrote in message ... We just got back from a 2 month trip to East Coast and Canada.-- Beautiful and loved it despite $1.59/Liter for diesel! I have always been told to use a credit card when out of the US since you get the benefit of paying in Canada Dollars which are running at about $.95 US then the credit card company converts your charge to $US. As far as this goes, it is true and I saved about $25 when the transactions were posted. What I was not aware of was that CITI card charges a "Foreign Transaction Fee" on every purchase. This totaled up to a charge of over $100 US. It's my fault for not reading all the fine print but this didn't happen 7 years ago when I was using an ATT card in Canada. I just wanted to let you guys to be aware of this. I should have done what I did with some of my cash on hand which was to go to a Royal Bank of Canada and have them change $100 US to Canadian for a $3 fee so that I would have pocket money.(btw Canadian money is pretty) that would have been cheaper . Anyway we had a great trip and I wanted to save you guys some cash. Don't be a dummy like me! The fee is built in. There are buy and sell rates. The 3% foreign exchange fee has always been excessive to me. |
Watch out for Credit Card fees when travelling to Canada
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Watch out for Credit Card fees when travelling to Canada
Alex wrote:
The following site has a discussion and table listing the fees charged by many US-issued debit and credit cards: http://flyerguide.com/wiki/index.php...reign_Exchange Alex Great site. Thanks, Alex |
Watch out for Credit Card fees when travelling to Canada
On Sun, 27 Jul 2008 12:46:05 -0400, "Tom J"
wrote: Rtavi wrote: transactions were posted. What I was not aware of was that CITI card charges a "Foreign Transaction Fee" on every purchase. This totaled up to a charge of over $100 US. It's my fault for not reading all the fine print but this didn't happen 7 years ago when I was using an ATT card in Canada. I just wanted to let you guys to be aware of this. I should have done what I did with some of my cash on hand which was to go to a Royal Bank of Canada and have them change $100 US to Canadian for a $3 fee so that I would have pocket money I don't think you can get a credit card from anyone anymore that doesn't charge a fee for Foreign exchange. Also, the next time you visit Canada, ask if there is a fee before exchanging cash. I have never paid a fee to exchange cash in Canada. I have walked out the door of a few banks and gone down the street to another bank. Do be prepated with the current "real" exchange rate from a source like Oanda. Many exchange desks and companies don't charge a fee, but they get you with a bad exchange rate. -- ************* DAVE HATUNEN ) ************* * Tucson Arizona, out where the cacti grow * * My typos & mispellings are intentional copyright traps * |
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