Forum Discussion

63-Coupe's avatar
63-Coupe
Explorer
Jan 03, 2014

Swipe & Save Will Cost Canadians More, Not Less?

I just spoke to the Pilot/FlyingJ RV Card people on the phone as I was curious about a term used in the Terms and Conditions of the RV plus Card Program. In the section on currency exchange it states;...
Good Sam Club
thestoloffs's avatar
thestoloffs
Explorer
Jan 03, 2014
Per Investopedia and my 20 years working in Financial Services on Wall Street, a basis point in currency is 1/100 of 1%, not 1% as your telephone agent indicated.

So, it's still a better deal (today's rate fix + 0.02%) than paying today's rate fix + the foreign exchange fee of 2.5%.

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