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Ryan Coke · 04-01-2011, 08:43 PM

I do a lot of canadian to US money transfers, and unless you are doing a large amount (greater than 10k) I suggest just using your credit card. There is always a percentage added to the exchange rate however you do the exchange, and if you use a currency service (such as XE trade) it does get better the larger the amount you are moving. But for smaller amounts the credit card isn't really that bad, and if you factor is any rewards you may get it is very competitive.

I used to transfer money down to my US account and then use my US visa, but did some math and found that when you factor in the 1.5% I get in rewards, I am ahead just using my Canadian credit card.

04-01-2011, 08:43 PM	#7
Ryan Coke #1 Goaltender Join Date: Feb 2003 Exp:	I do a lot of canadian to US money transfers, and unless you are doing a large amount (greater than 10k) I suggest just using your credit card. There is always a percentage added to the exchange rate however you do the exchange, and if you use a currency service (such as XE trade) it does get better the larger the amount you are moving. But for smaller amounts the credit card isn't really that bad, and if you factor is any rewards you may get it is very competitive. I used to transfer money down to my US account and then use my US visa, but did some math and found that when you factor in the 1.5% I get in rewards, I am ahead just using my Canadian credit card.