Charge cards and foreign transaction rates
Please, if you are going to comment, read the posting first. It is about a fee that is charged in addition to Annual card fees or Exchange rates. ===================================================...
Forum Discussion
Garry: Your post were quite clear.... to me.
However, some cards may claim they do not charge a ''foreign trasaction fee'' as a seperate item... but include such a charge into an inflated currency exchange rate.
CIBC, ROYAL Bank and most other Canadian banks as well as Amazon Visa and others are plying this game.
(Info that I just gathered form a high-ranked bank executive in Toronto)
However, some cards may claim they do not charge a ''foreign trasaction fee'' as a seperate item... but include such a charge into an inflated currency exchange rate.
CIBC, ROYAL Bank and most other Canadian banks as well as Amazon Visa and others are plying this game.
(Info that I just gathered form a high-ranked bank executive in Toronto)
