Quote:
Originally Posted by speakingtohe
Wow you are getting quite a deal.
AFAIK Visa itself (and Mastercard) sets the fee (sometimes called premium)at 2.5% and it is lumped in with exchange rate on the statement and not on a seperate line by itself, making the exchange on a $10 item 35 cents instead of under 10 cents typically if the exchange rate is 1%.
So lucky you if your card issuers have managed to get around this. Mine, TD MC, CIBC Visa, Capital One Platinum MC, Presidents Choice MC, etc. haven't as yet, according to my statements when I check on the exchange rate on the day of a USD purchase. Oh well.
Helen
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I guess the $120/yr fee for the Infinite card should have some perks to lessen the pain... Capitol One doesn't charge either for their US or their Canadian customers, it's one of their "selling points". My TD does charge a fee for purchases physically made in the US however (just not the online ones).