Quote:
Originally Posted by Hi-Psi
Sorry, what I meant was that you get charged a conversion fee when a non Canadian charge is applied to the card. This fee is usually a couple cents on the dollar.(This is separate from the foreign transaction fee)
The only real benefit of this card is the fact you don't pay the 2.5% foreign transaction fee. Unless you are making a TON of purchases from outside Canada there are better cards to be had.
Jason
|
That's incorrect; I have the Amazon.ca Visa, and just used it on a trip to the states. There is no conversion fee, no forex fee; the charge to the card is simply the amount converted to CAD at the Visa exchange rate at the time of the purchase.
It's also a cash back card - flat 1%, not tiered, which makes it a fairly strong general purpose card (if you're interested in cash back).
When I did my research when the Amazon card was first released, it was actually the best cash back card for our situation simply because it was an untiered card and even charging everything to the card, we don't spend a enough to catch the various tier levels that other cards require. We pair it with the Costco Amex which we use for restaurants (3%), gas (2%) and Costco trips, and it works out very well.