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Watch out for Credit Card fees when travelling to Canada



 
 
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  #11  
Old July 27th, 2008, 11:58 PM posted to alt.rec.camping,alt.rv,alt.travel.canada,rec.outdoors.rv-travel,rec.travel.usa-canada
Hatunen
external usenet poster
 
Posts: 4,483
Default Watch out for Credit Card fees when travelling to Canada

On Sun, 27 Jul 2008 18:59:24 GMT, Alex
wrote:

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


Bookmarked!

Thanx...

--
************* DAVE HATUNEN ) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *
  #12  
Old July 28th, 2008, 01:22 AM posted to alt.rec.camping,alt.rv,alt.travel.canada,rec.outdoors.rv-travel,rec.travel.usa-canada
Robert Bonomi
external usenet poster
 
Posts: 7
Default Watch out for Credit Card fees when travelling to Canada

In article ,
Tom J wrote:

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.


You've *always* paid a fee for exchanging currency. Whether you knew it
or not.

Some places quote a single exchange rate, plus a transaction fee. (This _is_
preferable if you're exchanging a large amount of currency.)

Others quote different rates depending on which side of the transaction
they're on. (They make their money on the differential in the rates.)

  #13  
Old July 28th, 2008, 01:34 AM posted to alt.rec.camping,alt.rv,alt.travel.canada,rec.outdoors.rv-travel,rec.travel.usa-canada
Tom J
external usenet poster
 
Posts: 10
Default Watch out for Credit Card fees when travelling to Canada

Hatunen wrote:
On Sun, 27 Jul 2008 12:46:05 -0400, "Tom J"
wrote:


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.


I do know what the official exchange rate is before I walk into a bank
when in Canada. Haven't been the last 2 years, but in 15 trips with
the RV & over 30 with an 18 wheeler, I never paid a bank a fee above
the standard exchange, even when it was $1.00 US to $1.56 Canadian.
There was a time in the early 90's that the 5th Wheel Truck Stops
would even pay a premium for US cash.

Tom J


  #14  
Old July 28th, 2008, 01:27 PM posted to alt.rec.camping,alt.rv,alt.travel.canada,rec.outdoors.rv-travel,rec.travel.usa-canada
Ralph E Lindberg
external usenet poster
 
Posts: 3
Default Watch out for Credit Card fees when travelling to Canada

In article ,
"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.



Capital One

--
--------------------------------------------------------
Personal e-mail is the n7bsn but at amsat.org
This posting address is a spam-trap and seldom read
RV and Camping FAQ can be found at
http://www.ralphandellen.us/rv
  #15  
Old July 28th, 2008, 01:32 PM posted to alt.rec.camping,alt.rv,alt.travel.canada,rec.outdoors.rv-travel,rec.travel.usa-canada
Ralph E Lindberg
external usenet poster
 
Posts: 3
Default Watch out for Credit Card fees when travelling to Canada

In article ,
"CalifBill" wrote:

"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.


You are correct, Bill just isn't asking what the fee is (I always have
ended up paying a fee, I travel so often I keep a separate Canadian
wallet)

--
--------------------------------------------------------
Personal e-mail is the n7bsn but at amsat.org
This posting address is a spam-trap and seldom read
RV and Camping FAQ can be found at
http://www.ralphandellen.us/rv
  #16  
Old July 29th, 2008, 05:19 AM posted to alt.rec.camping,alt.rv,alt.travel.canada,rec.outdoors.rv-travel,rec.travel.usa-canada
Josh S
external usenet poster
 
Posts: 31
Default Watch out for Credit Card fees when travelling to Canada

In article ,
"Dennis" wrote:

Yep, and it didn't cost CITI one penny more to do the Canadian transactions.


Just covering the big money they lost on their dumb sub prime
investments.
  #17  
Old July 29th, 2008, 05:19 AM posted to alt.rec.camping,alt.rv,alt.travel.canada,rec.outdoors.rv-travel,rec.travel.usa-canada
Josh S
external usenet poster
 
Posts: 31
Default Watch out for Credit Card fees when travelling to Canada

In article ,
"Tom J" wrote:

I don't think you can get a credit card from anyone anymore that
doesn't charge a fee for Foreign exchange.

My CDNbank includes the (~2%) fee in their exchange rate.

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.

The fee for cash exchange is in their exchange rate.
  #18  
Old July 29th, 2008, 07:55 PM posted to alt.rec.camping,alt.rv,alt.travel.canada,rec.outdoors.rv-travel,rec.travel.usa-canada
Tom J
external usenet poster
 
Posts: 10
Default Watch out for Credit Card fees when travelling to Canada

Josh S wrote:
In article ,
"Tom J" wrote:

I don't think you can get a credit card from anyone anymore that
doesn't charge a fee for Foreign exchange.

My CDNbank includes the (~2%) fee in their exchange rate.

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.

The fee for cash exchange is in their exchange rate.


No it's not!! You can get the official exchange rate from the news
every morning!!

Tom J


  #19  
Old July 30th, 2008, 07:04 PM posted to alt.rec.camping,alt.rv,alt.travel.canada,rec.outdoors.rv-travel,rec.travel.usa-canada
PeterL
external usenet poster
 
Posts: 1,471
Default Watch out for Credit Card fees when travelling to Canada

On Jul 27, 9:03*am, "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!



Even better still is to get a no fee ATM card and withdraw cash from
ATM's. Don't even have to pay that $3 fee.
  #20  
Old July 30th, 2008, 07:05 PM posted to alt.rec.camping,alt.rv,alt.travel.canada,rec.outdoors.rv-travel,rec.travel.usa-canada
PeterL
external usenet poster
 
Posts: 1,471
Default Watch out for Credit Card fees when travelling to Canada

On Jul 27, 10:43*am, "Bill B" wrote:
I convert to Canadian currency at my local bank, there has not been a fee..
They will only convert *paper*, *no coin.


But what was the conversion rate?
 




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