Canadian Credit Cards Without Foreign Transaction Fees

**This post contains affiliate links

One of the most annoying things about credit cards is the fact that most of them charge an additional fee of 2.5% when we make a purchase in a foreign currency. You’d be forgiven if you didn’t know about this since it’s not widely advertised, but the fee is rolled right into the exchange making it hard to notice. Not even all credit card providers customer service teams know about this fee which results in conflicting information.

To be clear, foreign transaction fees refer to purchases made in a foreign currency. We could be shopping online in U.S. dollars, or paying for our purchases in Euros, either way, we’re going to pay that fee. Fortunately, there are a few Canadian credit cards without foreign transaction fees that are worth applying for since it’ll save us quite a bit of money in the long run.

You may also be interested in my post about the best travel credit cards in Canada. I’ve listed out all the credit cards with the best signup bonuses to help you travel for less.

The best credit cards with no foreign transaction fees

Canadian Credit Cards Without Foreign Transaction Fees

Scotiabank Passport Visa Infinite Card

  • No foreign transaction fees
  • 25,000 Scotia Rewards points ($250 value) when you spend $1,000 in the first 3 months
  • Priority Pass Standard Membership + 6 free visits per year
  • Earn 2 Scotia Rewards points per $1 spent on eligible grocery, dining, entertainment, and transit purchases
  • Earn 1 Scotia Rewards point per $1 spent on all other purchases
  • Annual bonus of 10,000 points ($100 value) if you spend minimum $40K per year
  • Included travel emergency medical, trip cancellation, and trip interruption insurance
  • Rental car collision / Loss damage insurance included
  • Hotel / Motel Burglary insurance included
  • $139 Annual fee

Finally, we have a major bank in Canada offering a travel rewards credit card with no foreign transaction fees. The Scotiabank Passport Visa Infinite Card (referral link) came as a bit of a surprise, but the timing couldn’t be better. Many Canadian travel credit cards have been either discontinued or devalued as of late, plus there’s obviously a lack of choice with it comes to credit cards with no forex fees.

The Scotiabank Passport Visa Infinite Card has a nice signup bonus, but the earn rate of points is just a touch lower than other travel rewards cards. The card does have an annual fee, but the additional benefits do make it worthwhile. Obviously, no foreign transaction fees is a major win, the 6 annual airport lounge passes are 2 more than other travel reward cards, and then there’s the travel insurance. This is a very attractive card for those who want an all in one travel rewards card with no foreign exchange fees. Read my Scotiabank Passport Visa Infinite Card review now.

Apply now for the Scotiabank Passport Visa Infinite Card

Home Trust Preferred Visa

  • No foreign transaction fees
  • No annual fee
  • 1% cash back with no limits
  • Roadside assist membership
  • Visa Auto Rental Collision/Loss Damage Insurance
  • 10 transactions per day limit
  • Can’t change your assigned PIN

With Chase pulling all their cards from the Canadian market, the Home Trust Preferred Visa (referral link) one of the few credit cards with no foreign transaction fees and no annual fee. This is the ideal card for travellers who just want a credit card with no foreign transaction fees. The 1% cash-back has no limit which is a nice bonus and the Roadside assist membership is great for those who drive. This card is not available to residents of Quebec. Read my Home Trust Preferred Visa Card review now for a deeper look at the card.

**Since there have been massive delays with this card, I reached out to Home Trust for an update. They tell me that the current processing time is 6-8 weeks and the delay was due to a large number of applicants since Chase pulled out of Canada (which was a surprise to them). Home Trust has doubled their resources dedicated to new applicants and has introduced automated adjudication software to reduce the manual work required to assess application creditworthiness.

Apply now for the Home Trust Preferred Visa

Rogers World Elite Mastercard

  • No annual fee
  • Earn 2% cash back on Rogers products and services
  • Earn 1.75% cash back on all other purchases made in Canadian dollars
  • Earn 4% cash-back on purchases made in foreign currencies
  • Comprehensive travel insurance package for 10 days (3 days for those aged 65+)
  • Purchase Protection and Extended Warranty
  • Personal income requirement of $80,000 or a household income of $150,000 to qualify

As of May 23, 2018, Rogers introduced the Rogers World Elite Mastercard which is superior card compared to the Rogers Platinum and Fido Mastercards. Some people may be turned off since this is a Rogers branded card, but when you look at the details, it’s a pretty impressive card. Although you’re technically paying the foreign transaction fee of 2.5%, you get 4% cash-back on purchases made in foreign currencies so you end up ahead by 1.5%. You’ll also get 2% cash-back on Rogers products and services, as well as 1.75% cash back on all other purchases made in Canadian dollars. That’s pretty impressive for a no fee card. Read my review of the Rogers World Elite Mastercard for my full thoughts on the card.

Your cash-back can only be applied to your Rogers bill, the Shopping Channel, purchases at Rogers branded stores and other Rogers-owned products e.g. Blue Jays tickets. That being said, you’re allowed to contact Rogers Bank in December every year to request a statement credit which will be applied to your account in January.

Rogers Platinum Mastercard

  • No annual fee
  • Earn 2% cash back on Rogers products and services
  • Earn 1.25% cash back on all other purchases made in Canadian dollars
  • Earn 3% cash back on purchases made in foreign currencies

The Rogers Platinum Mastercard (referral link) has fewer perks compared to the Rogers World Elite Mastercard, but it has a lower income requirement which will make it easier for many people to qualify. Some people will quickly notice that the Rogers Platinum Mastercard was recently devalued in favour of the World Elite card, but since this change has already taken place, there’s no point in complaining. Now you get 3% cash back on all purchases made in a foreign currency, 2% unlimited cash back rewards on Rogers products and services, 1.25% unlimited cash back rewards on all other eligible purchases which isn’t bad at all. You can read my full review of the Rogers Platinum Mastercard here.

Fido Mastercard

  • No annual fee
  • Earn 2% cash back on Rogers products and services
  • Earn 1.25% cash back on all other purchases made in Canadian dollars
  • Earn 3% cash back on purchases made in foreign currencies

There used to be some minor differences between the Fido Mastercard and the Rogers Platinum Mastercard, but with the recent changes, they both offer the exact same benefits. They’re literally the same card with the exception of a different name. It makes no difference which card you apply for, but since the Rogers World Elite Mastercard offers the most benefits of the three Rogers cards, you’re better off applying for that card.

HSBC Premier World Elite Mastercard

  • $149 annual fee (HSBC Premier clients receive a $50 annual fee)
  • No foreign transaction fees
  • 20,000 welcome bonus points
  • 10,000 additional points when you spend $1,000 in the first 90 days of membership
  • $100 annual travel enhancement credit
  • 3% in travel rewards on all eligible travel purchases, 1.5% on all other eligible purchases
  • 31-day travel insurance coverage
  • Mastercard Airport Experiences Provided by LoungeKey (fee per visit still applies)
  • 10% discount on select hotel bookings on your card with Expedia and Agoda
  • Unlimited Wi-Fi through Boingo at over 1 million hotspots worldwide

The HSBC Premier World Elite Mastercard is now available to people who have an annual income of $80K or a household income of $150K. This is a huge change as the card used to only be available to HSBC premier clients.

What you’ll notice is that of all the cards with no foreign exchange fees, the HSBC Premier World Elite Mastercard offers the most benefits. The signup bonus is worth $150 and can be redeemed on any type of travel booked using your credit card. The 3% in travel rewards is one of the highest rates of return for travel when compared to credit cards that have a similar annual fee. I love how the travel insurance covers you for 31 days when most cards cap at 15 days. Plus, who doesn’t like a discount on select hotel books through Expedia? Read my HSBC Premier World Elite Mastercard review now.

Best Credit Cards Canada

By |2018-10-07T20:11:45+00:00January 7th, 2018|Budget Travel, Credit cards, Personal Finance, Travel|


  1. Kat February 15, 2016 at 10:32 pm - Reply

    Hi Barry,

    Thanks for sharing! I love the Amazon’s credit card and use it everyday! I considered the Rogers Bank credit card before, but found out that all transactions made in foreign currency will be converted first to US dollars and then to Canadian dollars. So I picked the Amazon’s card instead.

    • Barry Choi February 15, 2016 at 11:01 pm - Reply


      Interesting, wouldn’t that defeat the purpose of not having a foreign transaction fee? I need to read the fine print in detail.

    • Diana March 12, 2017 at 4:02 pm - Reply

      I called Rogers Bank on March 12th, 2017 and they confirmed that they directly convert any foreign currency into CAD. They used to first convert the foreign currency into USD and then into CAD, but it is no longer the case.

  2. Derek Nash February 17, 2016 at 9:41 pm - Reply

    Great summary, these are the main ones, and I’m thinking of the rogers one but still not sure about it. Just wanted to add that if you are buying something in US dollars but can’t use your card for it, your bank will give you a really bad exchange rate. I just came across knightsbridgefx and I was able to save money on my first exchange. I’ve only used them once but so far so good.

    • Barry Choi February 17, 2016 at 9:52 pm - Reply


      I personally use the Amazon one since I prefer to use a travel rewards card for my daily spending, but the 1.75% cash-back/credit is pretty good. KnightsbridgeFX is great for foreign exchange but I believe they have like a $3K minimum.

  3. Joe @ Dumbbell Daddies February 25, 2016 at 3:09 pm - Reply

    Barry I’m a little late to the party but great post. While living in Europe last year for 5 months, my wife and I learned the hard way about credit card foreign exchange fees. They add up! I’ll be looking into he Amazon card since we’re heading back to Europe on a short 2 month contract. All the best. Joe

    • Barry Choi February 25, 2016 at 4:00 pm - Reply


      Where in Europe will you be heading this time? Yeah the Amazon card is great since it has no yearly fee.

  4. John June 11, 2016 at 11:33 pm - Reply

    Great post Barry. I’m a little late to the party too. Travel to the States often for work but will be travelling to Europe (Italy) for the first time with the family. I will definitely obtain amazon or the rogers credit card. Thanks again for the post.

    • Barry Choi June 11, 2016 at 11:38 pm - Reply


      Heh, yeah when I discovered these cards I didn’t think much about it, but over the years I’ve saved a few hundred dollars easily. I personally prefer the Amazon card over the Rogers one. As you’ve noticed, each card has their own benefits.

  5. Susan June 24, 2016 at 1:01 pm - Reply

    I am very happy with Marriot Visa; No foreign transaction fee (now if only they’d absorb the exchange rate) and yes, there’s an annual fee but as you said, it’s clearly off-set with the e-certificates for a free night. I just did a 6 night trip; of those nights I had a reduced rate for one night in Canada (BW) and 2 free nights with Marriott e-certificates. I was able to retain my accumulated Marriott points for another trip this year. With Marriott absorbing Delta and now Starwood my stay options are vastly expanded.

    • Barry Choi June 24, 2016 at 3:01 pm - Reply


      Yes the merger is big news. It’ll be interesting to see what happens with the loyalty programs because Starwood had one of the best. The only knock I have against the Marriott card is that it doesn’t include travel insurance. If it did, it would instantly become one of the best credit cards available.

  6. Daniel August 5, 2016 at 6:27 pm - Reply

    You forgot to mention Scotiabank Mastercard which also has no foreign transaction fee and has no annual fee,but gives back only 1/2 percent cash back.

    • Barry Choi August 5, 2016 at 7:17 pm - Reply


      That card was a replacement card for those who had the Sears MasterCard. I don’t believe they’re taking new applications.

    • Michael April 8, 2017 at 7:58 pm - Reply

      In addition to Barry’s correct observation, Scotiabank is eliminating the zero transaction fee June 1, 2017 and charging 2 1/2% thereafter

    • Bonnie April 27, 2017 at 5:20 pm - Reply

      Well that will be coming to an end June 1st, 2017, so I am closing my business with Scotia n will probably open a chase cr cd

      • Barry Choi April 27, 2017 at 6:53 pm - Reply


        The only CHASE card left with no foreign transaction fees is the Marriott card but it has a yearly fee.

    • Angela July 6, 2017 at 1:12 pm - Reply

      As of June 1, 2017, the no foreign exchange fee benefit is cancelled. Collect your cash back in Nov./17.
      This is the card transferred from the previous Sears Mastercard.

      • Makenzie July 20, 2017 at 2:53 pm - Reply

        yessss they just sent me the news of this!! for some reason it didn’t come in the mail when it should have so they are extending mine until august. this is why i’m here on this page now. i’m so upset at scotiabank for taking away this benefit. i used to have the amazon card but got rid of it and now you can’t open a new account. SAD. what will i doooo? i dislike paying a yearly fee.

        • Barry Choi July 20, 2017 at 2:55 pm - Reply

          If you dislike yearly fees, the Home Trust card is your only option. That being said, the yearly fee gets waived if you’re a Rogers or Fido customer with those respective cards.

        • Natalya October 4, 2017 at 3:23 am - Reply

          Hey Makenzie! I didn’t receive any mail about the Scotiabank policy change. How can I get mine extended? Did you call them or went to a branch? Did you talk to a manager? Thank you

          • Barry Choi October 4, 2017 at 6:30 pm

            Hi Natalya,

            As of June 21, 2017, the no foreign transaction fees benefit was removed from all cardholders.

  7. Adrian Harper August 18, 2016 at 4:20 pm - Reply

    VanCity Savings Credit Union also has a “no-transaction” fee card for foreign currency purchases that says it does not charge the 2.5% foreign transaction fee. However, I have made a couple of comparisons when returning to Canada from the US. My wife and I bought two cases of beer on the US side of the border, one with my regular MasterCard (from President’s Choice) and the other with my VanCity Visa. And then I compared the total costs.

    The first time we did this, the VanCity Visa charge was less than 0.5% less than the MasterCard that DOES charge the 2.5% fee.

    The second time we did this, the VanCity Visa was actually MORE than the MC charge.

    Soooooooooo….VanCity may not be charging the 2.5% transaction fee, but their atrocious foreign exchange rate more than makes up for the difference.

    Watch out for those claims!

    Personally, when I’m traveling, I try to take a fair bit of cash and then get more from a credit-union-affiliated bank’s ATM, most of which are still free.

    • Barry Choi August 18, 2016 at 4:32 pm - Reply


      Thanks for sharing this. I only listed national cards as it would be too difficult to listen out the really niche cards. Very interesting to hear about your experiences with cards. Mastercard apparently has lower spot rates, but still doesn’t explain why the charges were so high on your Visa.

      • Deanna October 19, 2016 at 5:03 pm - Reply

        I believe the Scotia Momentum MasterCard also has no annual fee and no FX fee.

        • Barry Choi October 19, 2016 at 5:16 pm - Reply

          Hi Deanna,

          The Scotia Momentum MasterCard has an annual fee does charge the forex fee. You might be confusing it with the credit card that Scotiabank converted previous holders of the Sears MasterCard. If you were rolled over, there’s no foreign transaction fees. The last time I checked, they were not taking new applicants.

          • Surinder March 4, 2017 at 9:00 am

            Great Post Barry ,Just to update Scotia Momentum Master Card converted from Sears Master card also sent us notice that they will be charging 2.5% foreign transaction fee now from June1 2017.I have been using this card for years but now I would apply for card Thanks for the post again.

  8. Stuart December 6, 2016 at 5:02 pm - Reply

    I’ve had the Rewards card for a few years now and it’s my go to card while in the US each winter. It is the one and only Canadian card with NO FX Transaction Fee and NO Annual Fee. I’m always amazed when I encounter a friend who uses some other card and will actually argue that there is no FX Transaction Fee simply because the fees are buried in the conversion rate being applied to each transaction and not shown separately. Last year, a friend who traveled on the same dates as I used a premium awards card all the way down. When we compared statements later in the month, he was astounded to learn that he was paying a full 3% over the standard conversion rate.
    Another real fallacy are these US funds bank accounts twined with a US funds credit card offered by some Canadian Banks. The carrot; Charge to a US funds credit card and pay with US funds from the US bank account, no fees. The catch; You pay at least 2.5% extra when you fund the US bank account from time-to-time. My research says that the VERY BEST way to fund a US bank account is via transfer through the Canadian Snowbirds Association. CSA does a once a month combined “buy” for all members and always manage it at a saving of 1 – 1.5% from buy rates offered by the banks.

    • Barry Choi December 6, 2016 at 9:08 pm - Reply


      If I’m paying for anything not in Canadian dollars, it goes on my Amazon Visa. It’s amazing how many people believe that they don’t get charged fees even when you point it out to them. The new CIBC AIR CANADA AC CONVERSION VISA PREPAID CARD is one of the worst credit cards out there yet many people believe they aren’t paying exchange fees.

  9. GARY GALAWAN December 19, 2016 at 9:13 pm - Reply


  10. Gary March 7, 2017 at 2:06 am - Reply

    Last time I checked, AMA rates from CDN to US were the same as the bank

  11. Big Dee April 5, 2017 at 8:51 pm - Reply

    The card is no longer offered.
    (Was looking into the card and was asking questions because of the 20 odd % very negative reviews and the agent at Amazon informed me that the card shouldn’t be listed on the web as it was no longer available.)

    Perhaps a concerted effort by a large group of consumers could sway a smaller provider that offering a card without fees on the FX would result in more income for them?

    • Barry Choi April 5, 2017 at 9:06 pm - Reply

      Big Dee,

      Canadians get hit pretty hard with currency exchange fees. It’s worth noting that Chase also owns the Marriott card so I wouldn’t be surprised if they sell that to someone in the future. You’re right, one Canadian credit card provider could make a bold statement by offering no foreign transaction fees, but I doubt they will.

    • Stuart April 26, 2017 at 6:08 pm - Reply

      Big Dee
      RE: “Perhaps a concerted effort by a large group of consumers could sway a smaller provider that offering a card without fees on the FX would result in more income for them?”

      I’ve contacted both CARP (Canadian Association of Retired People) and The Canadian Snowbirds Association about establishing an infinity card with no FX FEES with a Canadian bank. Unfortunately, CARP was just in the process of partnering with RBC and their goofy package of CA & US bank accounts and credit cards. RBC brags about using the US card an paying it off with US funds from the US bank account. What they don’t say is that they’ll hammer you with at least 2.5% extra when the tome comes for you to fund the US bank account.

      Two separate approaches and I’ve not heard back from The Canadian Snowbirds Association. It appears that they are more interest in selling their medical insurance than searching for viable benefits for members. That being said, it wouldn’t be fair of me to say that without reminding that the Snowbirds Currency Exchange program is THE VERY BEST method of funding a US bank account. Always 1-2% better than the banks.

      • Barry Choi April 26, 2017 at 6:19 pm - Reply

        Hi Stuart,

        Very interesting commentary and research you’ve done. I just don’t think Canadian banks are interested in offering a credit card that has no foreign exchange fees. CHASE which owned the Amazon card is American, and I wouldn’t be surprised if they pulled out.

        I do agree that if ANY of the current credit cards introduced no forex fees, signs up would jump significantly. That being said, I’m sure banks have done their projects and have figured out that continuing to charge this fee will make them more money.

  12. Vito May 12, 2017 at 6:39 pm - Reply

    Hey Barry,

    Well that was a bummer to find out about Amazon VISA not being available, I know we had some discourse about it before, but I never did apply for it since I didn’t go away and so now I thought it might be best to get the FIDO MC. It has no annual fee, but wondered your thoughts considering I am not a FIDO or Rogers customer. I would mainly use it for when I would travel abroad and I like that you can claim a statement credit at the end of the calendar year, considering I’m not a FIDO customer.

    But I found the T&C on the internet and when I went through it, I couldn’t find the answer to these questions:

    1) Is there an inactivity fee or cancelling of card? I only want to use this card for then I travel, but I seldomly do, and just want to know if there is an time period where if there is no activity, they will cancel your card or perhaps charge a small fee?

    2) What happens with the accumulated points or credits earned after one passes away? I imagine its like most cards, where unless there is a co-applicant on file, the points/credits would be lost.

    • Barry Choi May 12, 2017 at 6:46 pm - Reply

      Hi Vito,

      As your answers are very specific, you would have to call them to get the answers. If you don’t travel often, and you’re not a Rogers / FIDO customer, why bother with getting the card at all? Sure you’ll technically be coming out ahead with 1.5% cash back, but unless you’re spending a lot on your card when you’re travelling. you won’t be getting much back.

  13. Martine Goddard July 23, 2017 at 11:49 pm - Reply

    The Marriott Rewards Premier Visa website indicates that the first year “bonus’ is 4 nights at a Category 1 hotel and not 1 night at a category 1-4 hotel, as indicated above. There are not many Category 1 Marriott Hotels and none of them are in locations where I plan to travel.

    • Barry Choi July 24, 2017 at 12:01 am - Reply


      You’re correct, the website does list 4 nights at a Category 1 hotel, but that refers to what you can claim with your 30,000 signup points. You can use those points on any category hotels.

      The 1 night at a category 1-4 hotel is an annual e-certificate that is given after your first year.

  14. Dean August 3, 2017 at 9:15 am - Reply

    What makes the credit card better than the Fido MasterCard? They both have no annual fee and no foreign transaction fee (offset by the 4% cashback).

    • Barry Choi August 3, 2017 at 9:18 am - Reply


      The Amazon card is no longer available, but what made it better is the fact that it’s not tied to Rogers products to get your “rewards”. The FIDO card is great if you’re a customer since it can be applied to your bill. Otherwise, you need to request a yearly statement credit.

  15. […] les frais de transaction de 2 à 3% imposés par les compagnies de cartes de crédit. Selon le site Web Money We Have, il existe pour les Canadiens quelques cartes de crédit sans frais de transaction à […]

  16. Art August 24, 2017 at 12:24 pm - Reply

    Hi Barry,
    When you say the Amazon card is no longer available, do you mean for new clients or whoever had it lost it also?

    • Barry Choi August 24, 2017 at 3:46 pm - Reply

      Hi Art,

      Only new applicants aren’t being accepted. Current cardholders can still use the card, but I wouldn’t be surprised if it eventually gets phased out.

      • Michel January 17, 2018 at 2:53 am - Reply

        Just received a letter saying that Chase is closing the Reward Visa Card program as March 15th 2018 🙁

        • Barry Choi January 17, 2018 at 6:44 am - Reply


          Yes, very sad news. If you had one of those cards, I suggest signing up for the Home Trust preferred visa.

          • Michel January 17, 2018 at 7:09 am

            Unfortunately, I live in Québec… So I probably have either Roger MC or Fido MC. I wish I could have more choice…

          • Barry Choi January 17, 2018 at 7:20 am

            Yikes, at least with both cards you can get the annual fee waived. Sign up for one and use it for your foreign transactions. If a better card comes along in the future, just switch.

  17. Barb September 1, 2017 at 10:44 am - Reply

    Your site is so very helpful! I have a BMO US MASTERCARD. I also have a BMO US DOLLAR bank account to pay the mastercard bill. Am I paying the 2.5 % foreign exchange fee when I get the US dollars from BMO to put into the account? Courtesy from you advise I just received my ROGERS BANK MASTER CARD with the 4%foreign spending reward to offset the 2.5% charge.

    Where is the best place to buy Euros and USA dollars both in Canada before a trip and in said countries. Thank you so much!

    • Barry Choi September 1, 2017 at 11:13 am - Reply

      Hi Barb,

      In your case, you’re paying the straight exchange since you’re being charged in USD and you’re paying in USD (so no fees). But note that you’re paying an exchange fee if you’re purchasing USD from BMO.

      As for getting Euros, you kind of need to look around your city. Generally speaking, I find banks charge about 4.5% more than the posted rate. Based on that, I personally just withdraw money from local ATMs when I’m abroad since I’d only be paying the 2.5% fee.

      That being said, I do exchange a small amount of foreign currency before I depart just in case I need it for a taxi ride to my hotel.

      • Peter Lim June 22, 2018 at 2:01 pm - Reply

        hey Barry, so using the Scotia Infinity rewards visa from local ATMs in Europe would only charge about the 2.5% fee? or would it be considered as cash forward?

        by the way, great forum for all Canadian travelers !!

    • JS-WhoistheOracleofOmaha September 2, 2017 at 7:17 am - Reply

      Hi Barb, actually the simple answer is YES to your question “Am I paying the 2.5 % foreign exchange fee when I get the US dollars from BMO to put into the account” or like Barry says they charge you (imbedded) fees close to that (despite dangling you a preferred rate if any for your USD account). Your new Robers mastercard would be better suited for your foreign currency transactions (especially for your Euro transactions) because of the above reason, and unless you are earning income in US dollars, love trading (i.e., doing Norbert’s Gambit and/or are well off like Warren Buffett 😉 and/or you already had significant amount of US cash gifted/sitting around to be spent plus value insurance benefits like purchase security/warranty (missing in four credit cards in this article except the Home Trust Preferred Visa), what would be the original reason(s) why anyone should get and/or use that BMO mastercard or any other bank’s USD credit card that makes them worthwhile than (compared to) all the cards Barry listed here. Hope that helps.

      Hi Barry, love the site. Keep up the good work!
      Just would like to sum up with this question to your fellow editor about a curious number (pardon the pun): Under the “NO foreign transaction fee” Marriott Rewards Premier Visa section recommending it, it reads “Out of the three cards, this is the only one that’s seriously worth considering for everyday use” despite it being “one of only two” cards listed side by side that have “annual fees” after the first year (with Barb’s choice the second one that loves charging 2.5% “foreign transaction fees” upfront/from the start on all foreign transactions rebating “afterwards” as “reward points” statement all of them “except on returns and cash advances” where the fees remain); however this article shows “more than three cards” (though granted the Visa is unavailable now for the new applicant plus the missing Mogo Visa is a prepaid one and whereas this year’s (2017) new $149 annual fee HSBC Premier World Elite MC is exclusively for their premier clients only) so which “three cards” in that statement there would we talking about here? TIA.

      • Barry Choi September 2, 2017 at 7:52 am - Reply


        That line about the “three” credit cards is from my original post. I simply forgot to remove the line as I added more cards.

        • dangil September 3, 2017 at 9:35 am - Reply

          Looks like the Chase/Marriott card offer (50,000 bonus points) has been improved … Am I right ?

          • Barry Choi September 3, 2017 at 12:04 pm


            The 50K signup bonus is not widely advertised, but yes you’re right.

          • JS-WhoistheOracleofOmaha September 5, 2017 at 7:08 pm

            Oh dangit! Hey all, looks like all them links including that one are all gone now as getting “ERROR: 404 PAGE NOT FOUND” oops page – oh oh – maybe currently the last Chase operation bird for their Marriott Visa application has finally flown the coop (i.e., left the building in Canada), and perhaps gone like the proverbial Chase Amazon app dodo – what do you all think? Do we still get them or the new them to keep/grandfather those signup bonuses or be much better hopefully? Perhaps hope to reincarnate benefits intact/improved with HSBC partnership bid rather than end up with the bank who must not be named that took over their Sears Canada credit card portfolio and trashed all its FX fee free benefits to give you the in-/famous 2.5% foreign transaction fee instead and meanwhile let more speculation and the ensuing flood of calls to their call centre begin.

          • Barry Choi September 5, 2017 at 7:13 pm

            Oracle of Omaha,

            It appears that is showing the 404 error so it’s possible the site is just down for now.

  18. Chaython September 21, 2017 at 1:52 pm - Reply

    I got the rogers card due to the recommendation here but it’s terrible
    If a transaction is refunded they keep the foreign exchange fee. So I’ve lost 10$ and only had the card for a week. The card was rejected by a website, but the transaction still posted, and was refunded in the same day.

    • Barry Choi September 21, 2017 at 3:01 pm - Reply


      The foreign transaction fees are never refunded for any of the cards. That being said, if the card was rejected and the transaction still posted, you should contact Rogers to get them to refund you the difference.

    • JS-AL September 23, 2017 at 3:57 pm - Reply

      Hi, imho, this is yet another example why Rogers credit cards’ ONE benefit of huuuge reward chasing program, which eventually rebate back those upfront charges of annual and/or FX fees and (that money you loaned to them) be available whenever you reach their threshold spending and/or every year end ASK for credit next year, would be disadvantageous and less useful than those card issuers that charge no or zero foreign transaction fees aka FX-fee-free credit cards like Premier WE MC from HSBC or HT Preferred, HT Equityline (or even the MOGO prepaid) VISA products from Home Trust. Sadly, just like those carrying “only” their bank’s USD credit cards for all their FX purposes, it would appear most bonus/points chasers will only grasp their true costs when bad situation(s) actually arises and realize the very limited utility in their FX fee charging CCs like their Rogers/Fido cards in unplanned application(s) like purchase returns (in this case), foreign ATM cash needs, and insurance claim attempts.

  19. Marie September 21, 2017 at 6:36 pm - Reply

    The old Sears Chase card was taken over by Scotiabank Momentum Mastercard and they did away with the no foreign transaction fee.

    • Barry Choi September 21, 2017 at 6:37 pm - Reply


      And that’s why I suspect both the and Marriott Rewards card will lose their no foreign transaction fees eventually.

  20. Peter James October 7, 2017 at 3:07 pm - Reply

    The effective cashback on Rogers MCard foreign purchases is more than 1.5%, cos the 4% cashback is paid on 102.5, not on 100. Example:
    You buy something in another currency at a price that would be C$100 at the neutral exchange rate.
    You will be billed C$102.50.
    Your cashback will be 4% x $102.50 = $4.10.
    Your net payment will be S102.50 – $4.10 = $98.40, ie a $1.60 reduction on the original cost of C$100.

  21. Tiffany October 29, 2017 at 1:28 pm - Reply

    I was initially was going to apply for the Rogers MC but after reading reviews and comments might just hold off on that! Thanks for the post!

  22. Ian Crawford October 31, 2017 at 2:12 pm - Reply

    Good post…..I have a TD Visa Infinite card that I thought was good but do not see any TD cards making your lists.

    • Barry Choi October 31, 2017 at 3:16 pm - Reply

      Hey Ian,

      That card isn’t bad if you book all your travel via Expedia for TD. It does however charge the 2.5% foreign transaction fee.

  23. Igor January 16, 2018 at 6:50 pm - Reply

    Just wanted to add that Rogers MC is no longer “no foreign exchange fee” card. They advised all their customers a few month ago that they will start charging exchange fee (do not remember the month when they started) but as a compensation will pay 4% rebate on foreign transactions.

  24. Ann January 17, 2018 at 4:01 pm - Reply

    Found out yesterday that my Marriott Visa will be no more as of March 15…very sad, I use it for all travel and have benefited from many free hotel nights. The other nice thing is that each secondary card had their own numbers (makes life easy when one is compromised). Any recommendations for no fX exchange charges AND individual card numbers?

    • Barry Choi January 17, 2018 at 4:08 pm - Reply

      Hi Ann,

      I’m not sure about the individual card numbers for secondary cardholders, so you’d have to inquire with the following carriers.

      The Home Trust Preferred Visa is the best card moving forward for no Foreign Transaction fees. As for a comparable hotel card, I’m hearing there’s going to be a big announcement coming this weekend.

      • Ann January 17, 2018 at 4:25 pm - Reply

        Thank you so much Barry. Maybe I’ll hold tight until this weekend. On hold with Home Trust right now… glad to see their pick up rate is equivalent to Chase 🙂

        • Vito January 18, 2018 at 1:10 am - Reply

          Hi Ann, Please let us know about the process if you get the card and your thoughts as well, would be great! Cheers!

      • Vito January 18, 2018 at 1:09 am - Reply

        “The Home Trust Preferred Visa is the best card moving forward for no Foreign Transaction fees.”

        What about compared to FIDO MC? Aside from the road side assistance (which is great!) I see FIDO is giving 0.5% more per transaction with no limit coming out ahead. Just wondering your thoughts.

        Thanks Barry!

        • Barry Choi January 18, 2018 at 6:50 am - Reply


          The difference becomes so minimal at that point that I think the Home Trust card is a bit better. It’s really a personal preference though.

        • JS-ALL January 18, 2018 at 7:17 am - Reply

          Hi Vito, let us please take care with what you quoted from Barry noting the “no Foreign Transaction fees” stated therein, but we know Rogers/Fido MC charges their 2.5% FX fees UP FRONT like the other ~99% credit cards out there. While even though you try rebate much of those PAID COSTs LATER, there exists nasty consequences (usually unplanned surprises for the faithful points chasers), e.g., please find data point learning of “Chaython September 21, 2017 at 1:52 pm” experience posted above here.
          Imho, you would have to generate significant amount of reward eligible purchases with that additonal 50 cent points per $100 SPENDING to make it appear worthwhile the hassle of remembering (usually right) before December EACH YEAR to ask Rogers/Fido (other than towards Rogers/Fido store/stuff) for your hUge cash payout as next January statement credit ONLY; thus finally getting back ~all Fido/Rogers’ 2.5% FX fees you loaned/paid them except FX fees Fido/Rogers bank keeps from any purchase returns/cancels/reversals, atm cash/cash advance needs and any cash-like transactions (e.g., pre-paid load, “lottery tickets, casino gaming chips”) in “foreign currency” where you get zero/no rewards rebating them. After reaping lots “more” hUge rewards like the 0.5% you mentioned plus $25 for sign-up, Rogers Fido MCs provides not much else in cutting out card benefits, i.e., Rogers/Fido MC disadvantages along charging FX fees are missing consumer/travel protections like free roadside assistance, car rental CDW and purchase security insurances found on the Home Trust Preferred with “0% Foreign Currency Conversion” disclosure, i.e., unlike almost all credit card issuers like Rogers/Fido, Home Trust charging “no Foreign Transaction fees” alone saves you all those initial fee costs from the start. Hope that helps.

  25. Leon January 18, 2018 at 12:23 am - Reply

    I have just compared my exchange rate between Marriott visa and Rogers platinum on multiple dates while in was in the states during Dec. Rogers seems to be charging me close to 3% or more instead of 2.5% as expected when comparing with Marriott’s card. So even Rogers is giving me 4% reward it would be more like 1% or less at the end. I am now considering the HSBC premiere elite to replace my soon to defunct Marriott visa instead.

    • Barry Choi January 18, 2018 at 6:52 am - Reply


      Very interesting, I wonder if that has anything to do with the Rogers card being a Mastercard and Marriott being a Visa. It’s also possible that the Canadian dollar changed in value from the time you made your purchases?

      The HSBC Premier elite card has so many conditions that I don’t recommend it. That being said, if you qualify and like the additional benefits provided, go for it!

  26. Mitch January 18, 2018 at 11:56 am - Reply

    Unfortunately Home Trust preferred Visa is not available for Quebec residents. Now that Amazon is losing their card with Chase as well on March 15th, I’m hoping they come out with another card of their own and hoping it won’t just be for prime members.

  27. Jess January 18, 2018 at 10:08 pm - Reply

    hi Barry
    I too was a BIG fan of the Amazon Visa card as not only did it not have the foreign conversion fee but their FX rates were very decent as well. Do u know if the Home Trust card has favourable FX rates too and not simply burying their fees in a bumped up rate? Thanks in advance

    • Barry Choi January 18, 2018 at 10:10 pm - Reply


      The FX rate is set by Visa so in theory, it should be the same as what Amazon was charging.

  28. Lor January 19, 2018 at 1:34 pm - Reply

    Thanks so much for keeping us up to date on all things credit card related. Having used the Chase/Marriott VISA card for the last two years and loving it, I’m very interested in learning (this weekend?) about what might be a good replacement card. The no additional foreign exchange fees and Marriott hotel travel rewards were terrific. Gonna miss the perks.

    Keep up the great work Barry.

    • Barry Choi January 19, 2018 at 7:46 pm - Reply

      Hi Lor,

      If you liked collecting Marriott Rewards points and having no foreign exchange fees, you’ll likely have to sign up for two different cards. The Home Trust preferred Visa is the best for no foreign exchange fees, and this weekend there will be some more info about alternative cards for Marriott Rewards.

    • Jett January 28, 2018 at 4:33 am - Reply

      Hi Lor and Barry,

      I phoned Marriott Rewards and they have announced that they are going with the Starwood Preferred Guest ccard from American Express as their replacement to the Marriott Rewards Visa. Key differences are Starwood awards 1 SPG point (equal to 3 Marriott Rewards point) for all other purchases while Marriott Rewards gives 1 point. Starwood requires a minimum of $40,000 spend per year to get a free night certificate though. Plus Starwood charges 2.5% foreign currency conversion.

      Since I am a Marriott Rewards Visa holder, I am leaning toward trying the Starwood ccard for a year to get the bonus points while applying for a Rogers Platinum Mcard for foreign travel expenses. I don’t have any previous experience with Amex though on how extensive is their network of acceptance. Let me know if you’ve found a better card to replace your Marriott Rewards Visa.

      • Barry Choi January 28, 2018 at 10:44 am - Reply

        Most major retailers accept Amex so I personally like the card since I find SPG points to be quite valuable.

  29. PP Gal January 20, 2018 at 1:24 pm - Reply

    I applied for Home Trust Preferred Visa and hoping to be approved although I don’t have a mortgage on them. We’ll be back for an update.

  30. Robert Gaiero January 24, 2018 at 7:03 am - Reply

    Each of us in our family has an card and it is used extensively since we all travel a lot. Having received notice that it was ending, I have applied for the Home Trust, but I wonder why you don’t favor HSBC? Of course it costs $149/year, but if you open an online bank account you get $50 back. Can you shed more light on the HSBC card please. Thanks for your advice. Robert in Niagara.

    • Barry Choi January 24, 2018 at 7:11 am - Reply

      Hi Robert,

      The only reason I don’t recommend the HSBC card is that it’s not available to most Canadians. That being said, if you happen to qualify for the card, then it’s a great choice. See below for what the requirements are.

      “*HSBC Premier eligibility requires you to have an active HSBC Premier chequing account, and maintain a $100,000 balance in combined personal deposits and investments with HSBC Bank Canada and its subsidiaries or reach a personal HSBC Bank Canada residential mortgage balances of $500,000 or greater.”

  31. Robert Gaiero January 24, 2018 at 7:15 am - Reply

    Thanks, Barry. That’s quite restrictive. So the cost is $149! Still worth considering. Best, Rob

    • Barry Choi January 24, 2018 at 7:23 am - Reply


      The problem is, unless you’re a HSBC Premier client, you won’t qualify for the card. If this card was available to everyone, then yes, it might be worth considering.

  32. Lynx January 31, 2018 at 8:02 am - Reply

    Is there any other cards that offers 0% foreign transaction fee? I live in Quebec, so i’m not eligible for the Home Trust card, I am not a client HSBC, and Roger’s requires me to apply in person, which is impossible for me right now (I’m travelling with an Amazon card, which will expire before my return).

    • Barry Choi January 31, 2018 at 8:34 am - Reply


      The only other card that might work for you is the Mogo prepaid Visa. I’m not a huge fan of this card, but it might be a good fit for you. I haven’t looked into the details, so I’m not sure if it’s available to residents of Quebec.

      • Lynx January 31, 2018 at 8:58 am - Reply

        Thank you for your quick reply. I will take a look. Hopefully, I will be able to find something. Otherwise, I will need a card with a LOT of bonus/perks to compensate the 2,5% fee on all my purchases!

  33. $ConfusesMe February 1, 2018 at 10:18 am - Reply

    Thanks for this article; very helpful!

    I too have enjoyed the benefits of Rewards VISA card over the years, but now I need to replace it fast as JPMorgan Chase Bank is pulling the plug on it next month (March, 2018)

    After some consideration, I’ve already decided Rogers Platinum, FIDO or Marriott cards were no good for me, which leaves only one card: Home Trust Preferred VISA.

    To be honest, I had NEVER heard of Home Trust until I read this article. As such, I’m a bit reluctant to apply for the card. So here are my questions: Have you been using this card personally? If yes, do you find their services, including their online banking site and customer service satisfactory or better? I’d love to hear personal experience with this card from other readers too.

    • Barry Choi February 1, 2018 at 7:55 pm - Reply


      I just applied for the Home Trust card so I really can’t comment on their customer service. Home Trust has been around and has mainly been offering mortgages and secured credit cards. This new Visa expands their credit card line.

      • $ConfusesMe February 1, 2018 at 8:33 pm - Reply

        Thanks for your quick rely, Barry.

        It’s reassuring to know you’re putting your money where your mouth is 😉 It appears a few Rewards card users are taking your suggestion and applying for the Home Trust Preferred VISA. Perhaps I should follow suit and see how good it is myself as I can always cancel if it doesn’t live up to my expectations.

        Btw, i do like the fact the Home Trust card offers more insurance benefits than the card. Thank you again for calling our attention to this card.

        • Barry Choi February 1, 2018 at 8:37 pm - Reply


          Well I’m doing it cuz I also need a replacement card for my card right? =P

          • $ConfusesMe February 22, 2018 at 4:50 pm

            Hi, Barry.

            Have you received the card yet? If yes, any comments regarding their customer service, online banking system, etc.?

          • Barry Choi February 22, 2018 at 5:15 pm


            Still nothing. I just checked my confirmation email. I applied on Jan 31st and they said I would get a response in 3 -4 weeks so technically they’re still on track. That being said, I did some digging and have confirmed that they’re quite behind on applications due to demand.

          • $ConfusesMe February 22, 2018 at 5:25 pm

            Hmmmm… their Preferred VISA card webpage stated “10 to 14 business days”…. At least you received confirmation email, correct? I filled out the form and at the end it stated my application was “submitted” and I would be contacted by (snail)mail. No confirmation email or anything. I’m getting a bit concerned as the expiry date for our Reward card is fast approaching. I wonder if I should contact them by phone? Please keep me posted with any any developments with your application. Thanx in advance.

          • Barry Choi February 22, 2018 at 5:29 pm


            I got a confirmation email a few days after I applied that went to my promotions folder in Gmail. I’m just as annoyed as you. I already started transferring some of my autopayments to other credit cards just to ensure my services don’t get stopped due to non payment.

          • $ConfusesMe February 22, 2018 at 5:43 pm

            Barry, I just phoned and spoke with a rep in their credit card department.

            It appears you’ve done a great job telling people about their no-foreign-transaction-fee card; they recently had an “influx” of applications and, as a result, they’re lagging behind. The rep said it could take up to 2 or 3 weeks longer than their “normal processing time”.

            I’m keeping my fingers crossed that they’ll come through for those switching from Reward cards to theirs.

            (Btw, my application was on file, but for some reason they decided not to email me confirmation. A bit irregular in their methodology if you ask me, but as long as they got my application on file, I guess I have nothing to complain… at least at this point in time.)

          • Barry Choi March 5, 2018 at 2:54 pm


            I just got an email from Home Trust new accounts asking me to send in verification of my address e.g. to physically mail them a statement or to send them one via e-mail.

            It’s been 5 weeks already and it’s getting a bit ridiculous. I’ve reached out to their marketing people to ask them WTF is going on and what the expected wait times are.

          • $ConfusesMe March 5, 2018 at 4:03 pm

            Thanks for the update, Barry.

            I totally agree; taking 5 wks to approve an application for a credit card is simply RIDICULOUS! I recall our Rewards cards taking less than 5 min and we received the cards in the mail in less than 2 wks.

            I was hoping to get the new card in time for the Amazon cards’ March 15 termination date…

            When I spoke with a rep at Home Trust on the phone, she was personable and apologetic for the delay in their approval process, but this is getting to be a bit too much to bear. I sure hope the new card is worth the long wait.

            Please keep us posted as to what happens next.

          • Barry Choi March 6, 2018 at 10:38 am


            yes in the email the person was very apologetic also. It’s clearly not her fault, so I don’t blame them.

            That being said, it seems rather obvious that other financial institutions have realizes there’s a market for a credit card with no foreign transaction fees. Scotiabank posted one last week but took it down the same day since it appears it was put up too early. This site wrote about it (just google translate it) ttps://

          • $ConfusesMe March 6, 2018 at 11:04 am

            Thanks for the additional info, Barry.

            The Scotiabank Passport Infinite card appears favourable. Not too crazy about their $139 annual fee, but they offer more “perks” than the Home Trust card does. I particularly like their travel insurance benefits including hotel theft, free priority pass Membership and price protection service. I would seriously consider getting this card… only if Scotiabank hurries up to offer it in the very near future.

            However, for the time being, I need a card that actually exists today. I’m keeping my fingers crossed so that Home Trust will come through for us.

          • Barry Choi March 6, 2018 at 11:07 am


            Yeah I hear ya. I also need a card now as I have monthly subscriptions that charge me in USD. I’ve already switched my payments to a different card since I don’t think I’ll get the Home Trust card before March 15th.

            TBH, based on customer service so far, I’ll cancel my Home Trust card as soon as a better card becomes available. I already have a ton of travel benefits through my Amex cards, so I just need something simple with no forex.

            I’m glad you’re staying positive, I’ve totally lost faith in Home Trust.

          • $ConfusesMe March 6, 2018 at 12:11 pm


            I was curious and Googled for users’ comments on Home Trust’s no-Fx-fee card.

            I’ve found that many people have been quite frustrated by their snail-paced approval process. Only a few have received the actual cards in the past few weeks. Furthermore, there are several very negative reports on their customer service [See one of them blow. NOTE: The poster states it took 5+ wks to receive his and his wife’s cards, yet things weren’t right even then!]

            Perhaps you’re right about giving up on Home Trust… 🙁


            Formercustomer on February 21, 2018 at 7:22 pm

            I applied for this cc on Dec 28, 2017; I have received the PIN codes (myself and my wife) in the first week of Feb 2018; I am the main applicant, however, my wives cc has arrived in the mail a week after she got the PIN, but mine. A week later I am on the phone with their customer service for more than 30 min and nobody picks up the phone to tell me why the main’s applicant’s cc has not arrived in the mail.. I have never experienced such a long wait in my life when calling a cc company. I just want to tell them to close the account because this level of services is way bellow Canadian standards. Did I mention that the automated credit card activation system didn’t work because the home phone number wasn’t recognized? I am still on hold as I write this message. The next step will be applying for the FIDO credit card…

          • Barry Choi March 6, 2018 at 1:12 pm


            I just got an update directly from Home Trust. I’ve updated my post to share what they told me.

          • $ConfusesMe March 6, 2018 at 1:18 pm

            Thanks for the update. Every bit of information helps. It’s a shame Home Trust wasn’t prepare for the influx of applicants or did not bother to inform the applicants with any updates though.

            I’m still keeping my fingers crossed.

          • Barry Choi March 9, 2018 at 6:20 am


            I’ve just been informed that there is a new card from a major coming to the market on March 12th that has no forex fees. I’m under embargo until that date, so please check back then.

  34. Frank Chi February 6, 2018 at 4:15 pm - Reply

    I came across this:

    They are still in Beta but card looks very promising.

    No Fx fees
    1-2% cashback (points that you can redeem for cash)
    free car travel insurance
    Emergency medical travel insurance
    Free Boingo
    Lounge key
    and many other benefits.

    The rewards system seems impressive as well.

    I applied and received an email letting me know that I am on their list and that I should expect my card in a couple of weeks.

    Looks very promising.

    I’ll update as to how all goes

    • Barry Choi February 6, 2018 at 4:40 pm - Reply

      Hi Frank,

      Thanks for sharing. Please do keep me updated.

    • Michael February 14, 2018 at 1:54 pm - Reply

      Hi Frank, do you have a Brim Referral code? I’ll apply on that World Elite Brim Card, so if that can count for their promo
      “Refer 5 friends to Brim and get 10,000 points ($100 value) when they activate” I’ll be glad to help you out 😉

  35. Frank Koustrup February 7, 2018 at 12:47 pm - Reply

    I never heard of BRIM Financial. Who owns it? Is a mobile app required? Is this yet another offering that is not available in Quebec?
    I am desperate to replace the Amazon card and disappointed that Amazon is not offering any alternatives.
    So I’ll keep an eye open for BRIM.

    • Barry Choi February 7, 2018 at 1:00 pm - Reply


      At first glance, BRIM sounds promising. But I’m always hesitant to get excited about a financial product that offers a lot of benefits with no obvious fees. They gotta make money somehow right?

  36. Vito February 23, 2018 at 12:12 am - Reply

    Just applied myself for this card about 10 days ago, so judging on everyones response, I can anticipate waiting another 3 maybe 4 weeks time. Bummer. I think I’ll call them, just to ensure they received my application and is being processed.

    I’m curious if they have online banking system. I checked and they do have an iOS app, but not for credit card use…bummer again.

  37. Van February 28, 2018 at 3:19 am - Reply

    I just applied for Brim World Elite Mastercard(no Fx fee). It’s seems to be an awesome card with a lot of perks. I think, in my case, is probably better card than Marriott card.

    • Barry Choi February 28, 2018 at 6:09 am - Reply

      Until I get more info about Brim, I won’t be adding them to my list of cards.

  38. Roberta Sanderson March 6, 2018 at 11:58 am - Reply

    Thanks to everyone for all the research and info on this page. Barry, your timeline for your Home Trust card application an mine are almost identical. I did send in my application before you but got my confirmation email on the same date as you. It has been 6 weeks now since my initial application. It is suspicious and I wonder if they are doing things in bulk just to get through the pile.

  39. Anna March 6, 2018 at 1:52 pm - Reply

    Hi Barry, what is the average timeframe to receive a reply from HomeTrust in your experience? It has been around 6 weeks since I submitted mine. Thank you!

    • Barry Choi March 6, 2018 at 1:55 pm - Reply

      It took 5 weeks before I got a response and then told me it’ll take another 7-10 business days before I get my card.

  40. $ConfusesMe March 9, 2018 at 8:21 am - Reply

    Great news! I look forward to the announcement 🙂

    As my screen name indicates, I’m not very good with my $. In fact, it was the Rewards card which opened my eyes to a variety of “financial products” and that fact that I need to be wise about our choices.

    Your site is very helpful, especially for this particular subject of no Fx-fee ccs in Canada. Your generosity in sharing useful, up-to-date info is greatly appreciated. Keep up the good work!

  41. Salah March 9, 2018 at 11:17 am - Reply


    I applied yesterday but have not got any email confirmation , is this normal ?


  42. Salah March 9, 2018 at 11:18 am - Reply

    Just to confirm, my application was for Home Trust Preferred Visa Card,


    • Barry Choi March 9, 2018 at 2:53 pm - Reply

      It took a few days for me to get the confirmation email. Also note though that the confirmation number given apparently doesn’t correspond to your application. You could call them directly if you want to ensure your application is on file.

  43. $ConfusesMe March 12, 2018 at 9:57 am - Reply


    Just read your official announcement and review of Scotiabank’s new no-Fx card.

    My main card has excellent travel insurance coverage, so what I’m looking for is a no-Fx card for incidentals. I travel abroad only 3 or 4 times a year, so I need to do my math to figure out if their $139 annual fee will be justified.

    However, I’m very glad indeed that a major bank in Canada is finally offering a no-Fx card. It’s about time! 😉

    Thanks for delivery such useful info and updates in a timely manner!

    • Barry Choi March 12, 2018 at 10:06 am - Reply

      Yeah I’m with you on this one. My main travel credit card already provides travel insurance, but I do admit the Scotiabank Passport card does come with some decent benefits. 25 days of travel medical insurance is a nice bonus for people who take longer trips. Obviously, no-forex fees is a huge win. Hopefully the other banks introduce their own cards with no forex fees.

    • Barry Choi March 15, 2018 at 7:48 pm - Reply

      My Home Trust card has finally arrived!

      • $ConfusesMe March 15, 2018 at 9:02 pm - Reply

        Congrats! Just in time for the termination of Reward card (at the stroke of midnight tonight?)

        I haven’t heard a word from Home Trust. Not even an email or request for verification of my mailing address or NOTHING. I’m beginning to wonder if they’re turning down application… But how could that be possible? My credit rating is impeccable.

        I’m still not sure what I should do about Scotiabank’s Passport Visa Infinite card either. I guess I’ll be paying the dreaded foreign transaction fees for a while.*sigh*

        Barry, please keep us posted with your actual assessment/rating of the Home Trust card and their related service. Thanks in advance.

        • Barry Choi March 15, 2018 at 9:06 pm - Reply

          The 10 transactions per day limit and not being allowed to change your PIN already annoy me and I haven’t even used the card yet =P

          • $ConfusesMe March 15, 2018 at 9:19 pm

            That doesn’t sound very promising at all! In fact, the 10 trans-per-day limit alone may render this card useless for me. Not being able to change your own password is so silly in this day and age… Darn… I’m truly disappointed… Thanks for the info though; very helpful indeed.

          • Barry Choi March 15, 2018 at 9:22 pm

            I’m sure both will be changed in the future. I’ve talked to the Marketing Director at Home Trust and he’s well aware of the complaints. I swear they need to put me on retainer, I practically do PR work for them. (I’m kidding, it would be considered a conflict for me)

      • Gary Hurst October 24, 2018 at 1:39 pm - Reply

        My wife and I both have the Home Trust card. We both used 40k as our annual income (we are retired) but I also added 500k in RRSP and another 100k in TFSA and savings accounts, so my wife gets a 6k credit limit and I only get 3k. I called Home Trust and asked to get my limit increased. I was told it would take a week to get a reply. After waiting over 2 weeks with no answer, I called them and was told I was denied an increase so I asked to speak with a supervisor. I was told that the supervisor was on another call and that he or she would call me back. That was yesterday Oct.23,2018 and I have not heard from them. I think Home Trust is a Mickey Mouse operation. I am currently looking at the Scotia Bank card as I am pre-approved for 10k. Your article on the cards is excellent keep up the good work

        • Barry Choi October 24, 2018 at 4:26 pm - Reply

          Hi Gary,

          How you describe Home Trust is accurate. Oddly enough, I’m in Orlando right now where Mickey Mouse is everywhere. I personally like the Scotiabank card since you get a lot of benefits with it.

  44. Fady Hanna March 12, 2018 at 10:22 am - Reply

    Too bad none of them are like the amazon card that’s about to be canned in a couple of days. I was considering the rogers card since im a rogers client

    • Barry Choi March 12, 2018 at 10:26 am - Reply

      The Home Trust card is the closest alternative, but they’ve had some serious customer service issues as of late. Since you’re a Rogers customer, I agree that the Rogers card is likely the best card for you.

      • Fady Hanna March 12, 2018 at 10:28 am - Reply

        I was going apply for the home trust card, only issue is that they do not issue these cards to people whonlive in Quebec

        • Barry Choi March 12, 2018 at 10:30 am - Reply

          Yes, that is correct. Definitely go the Rogers card then.

  45. JS-ALL March 13, 2018 at 8:57 am - Reply

    Hey all, as per announcement, Rogers will have no annual fees today “Effective March 13, 2018” plus on “May 23, 2018” Rogers Platinum Mastercard and Fido Mastercard will virtually be same and only “Earn 3% unlimited cash back rewards on all your eligible purchases made in a foreign currency” and “Earn 1.25% unlimited cash back rewards on all other eligible purchases” so NOW Rogers/Fido “washes” the 2.5% FX fees they still charge and instead “gives you 0.5% cash back on purchases made in a foreign currency (so a loss of .75% compared to other purchases).”

    At least all Rogers/Fido cardholders still has their Platinum benefit of “Optional Group Balance Protection Insurance” available and may still get their points rewards awarded next year January but “must request an annual statement credit for each year that you wish to receive it by
    December 1st of that year” (see for details).

    • Barry Choi March 13, 2018 at 12:01 pm - Reply


      Thanks for this, I’ll update my article now.

  46. Roberta March 16, 2018 at 11:00 am - Reply

    I am the primary card holder so I can deal with any problems. I ordered the Home Trust card about 8 weeks ago for my Husband and myself. This last Monday I received the PIN for my Husbands card, saying that the card should be received in the next couple of days. Yesterday I received a card in my name saying that I should already have the PIN. Obviously, I have received a confused 1/2 order of two cards. I had no idea about 10 transactions a day..heck I can do that one Disney trip morning. I also hate the no PIN change. I have put in an application for the Scotia Bank card and will pay the $139. It will be our first travel card and with no FX fee AND the brilliant insurance (more than I usually buy) we will actually be saving money. I am hoping it will arrive soon so I can get my US trips booked. I will be cancelling the Home Trust card. I am concerned about their customer service.

    • Barry Choi March 16, 2018 at 11:04 am - Reply

      Roberta, all of your concerns are 100% valid. It took about 6 weeks for my card to arrive, and to be honest, I’ll cancel this card as soon as something better that suits my needs comes to market.

  47. […] “Not even all credit card providers’ customer service teams know about this fee, which results in conflicting information,” Choi wrote on his blog Money We Have. […]

  48. Freewheel March 19, 2018 at 11:22 am - Reply

    Applied for home trust Visa Jan 29. Received confirmation Feb. 3. Two unanswered email requests, 20 minutes on hold with no answer and a Facebook PM. Still no update. 7 weeks now. For me they are the only alternative. No rowers services and I don’t want to pay and annual fee. Guess I keep waiting.

    • Barry Choi March 20, 2018 at 8:42 am - Reply


      For reference, it took 6 weeks for my card to arrive. I applied for an Amex Platinum card last week and it arrived in 3 days.

  49. Mara Joan Roquero March 20, 2018 at 1:45 am - Reply

    Got an e-mail confirmation that my credit card application in processed (Home Trust) on February 5. It is now more than a month and nothing in the mail. No PIN code nor credit card. The wait is frustrating! I need to get this credit card ASAP as I am travelling to Europe in April!

    • Barry Choi March 20, 2018 at 8:42 am - Reply

      It took about 6 weeks total for my card to arrive.

      • Mara Joan Roquero March 20, 2018 at 8:47 am - Reply

        Barry, is this 6 weeks from time you submitted application up till you received the card in the mail (and also the PIN)? I guess I am just one day over that six week mark. I checked mail yesterday and nothing yet. Hopefully this week, it will arrive. *sigh*

        • Barry Choi March 20, 2018 at 10:22 am - Reply

          Hi Mara,

          So after about 5 weeks from online application, I got a follow up email for proof of identity. A week later I got my PIN and card. Note that the additional information wouldn’t apply to everyone.

  50. Alex March 20, 2018 at 11:03 pm - Reply

    Brim MasterCard 1% cashback

    Great for travelling! Brand new MasterCard with no annual fee, no foreign transaction fees, no additional card member fee and use it with Apple Pay!! This card has loads of other perks and features!

    • Barry Choi March 21, 2018 at 6:57 am - Reply

      Until Brim is more wide stream and I hear more feedback from people who are using the card, I won’t be adding them to my list.

      • Alex March 23, 2018 at 4:22 pm - Reply

        Apparently the Home Trust card has a 10 pending transaction limit!! 🙁

  51. […] a look at those bank cards A not too long ago up to date listing of bank cards that do not price a 2.five in keeping with cent overseas transaction price while you purchase issues in the USA and across the world. Here is a contemporary column I wrote on […]

  52. Alex March 23, 2018 at 4:26 pm - Reply

    Brim MasterCard 1% cashback Great for travelling! Brand new MasterCard with no annual fee, no foreign transaction fees, no additional card member fee and use it with Apple Pay!!

  53. PP Gal April 10, 2018 at 2:13 pm - Reply

    Is anyone having trouble signing up for paperless statement? And any suggestion on how to change the address other than calling which might take a long time as mentioned by other commenters.
    It’s easy to sign up online but the website of Rogers Mastercard makes thing easier (changing address, asking for assistance etc). That’s a plus for those considering Rogers Mastercard which now don’t have an annual fee.

  54. JAY April 11, 2018 at 1:17 am - Reply

    Applied for Home Trust (Visa) kinda regretted it if i knew the cons of this card. Its about to arrive in a few days, dont know if i should not activate it anymore. They main cons are
    1) Cant change PIN
    2) No Paypass
    3) 10 Transaction limits a day
    4) More annoying of all is no Paperless statements.

    They really need to work on these… how can you not change the pin and have no paperless statements in 2018 is beyond comprehension.

    • Barry Choi April 11, 2018 at 10:17 am - Reply

      Hi JAY,

      I 100% agree with you on this. I go over those pain points in my detailed review. The cons are so annoying. I have the card, but will drop it as soon as something better comes along.

  55. LOR2 May 4, 2018 at 12:00 am - Reply

    Anyone had trouble getting approved for the Roger’s card? Our credit rating is great but Roger’s just told us they “couldn’t accomodate us. Seems strange…

    • LOR2 May 4, 2018 at 12:01 am - Reply

      Oops.. accommodate…..

    • Barry Choi May 4, 2018 at 12:46 am - Reply

      Hi Lor,

      Sometimes credit card providers look at other factors besides your credit score when deciding if they should approve you or not. If they’re giving you this much drama, I advise just applying for a different card instead.

  56. Robin May 22, 2018 at 2:10 pm - Reply

    “Since there have been massive delays with this card, I reached out to Home Trust for an update. They tell me that the current processing time is 6-8 weeks ”

    lol 6-8 weeks my ass!

    🙁 I’ve been waiting since FEB 28.

    I just called them, and they STILL haven’t processed it.

    Frustrating, to say the very least.

    (I’m still mad at Chase for screwing me lol)

  57. Sunny June 13, 2018 at 3:43 pm - Reply

    It took me over 6 months to obtain the Home Trust Preferred Visa (my other Visa application only take 2 weeks). Their customer service (both email and phone) is extremely terrible.

    • Sunny June 13, 2018 at 3:45 pm - Reply

      Correction: took over 3 months…

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  62. Roy Katsuyama September 4, 2018 at 1:55 pm - Reply

    If one is over seventy five years, does the credit card travel insurance still cover the seniors?

    • Barry Choi September 4, 2018 at 2:17 pm - Reply

      Hi Roy,

      There is no Canadian credit card that I’m aware of that gives you insurance over the age of 75. You’d have to purchase your own policy.

  63. Anna September 11, 2018 at 1:39 pm - Reply

    Hi Barry, would you recommend the Scotiabank credit card for everyday expenses? Is it worth the whopping $139 annual fee?

    • Barry Choi September 12, 2018 at 7:28 am - Reply

      Hi Anna,

      Despite the fee, there’s a lot of value with the card since you get 6 annual lounge passes and a sign up bonus that has a value of $250. I would advise trying it for the first year to see if you’re using the benefits included. If not, cancel before your year is up.

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