Quote:
Originally Posted by Hi-Psi
That right there is your exchange fee, if you look at the Visa exchange rate versus the real exchage rate you will see anywhere from 2-5% difference usually.
Jason
|
Visa charges the bank an exchange rate that is about 2.5% higher than the published exchange rate for the day. That is charged by the credit card company to the bank and is standard regardless of which bank issued your card.
On top of that, most banks charge an additional 2.5% transaction fee. The Amazon card does not charge this extra transaction fee.
At the end of the day, all other things being equal, for every $1000 you spend in a foreign currency, you'll pay $25 less if you use the Amazon Visa rather than a Visa card issued by one of the big Canadian banks.