The Best No Foreign Transaction Fee Credit Cards in Canada for 2024

**This post may contain affiliate links. I may be compensated if you use them.

Having one of the best no foreign transaction fee credit cards in Canada is essential since it’ll significantly reduce your costs when travelling. That’s because most Canadian credit cards charge a foreign transaction fee of 2.5% whenever you make a purchase in any currency besides Canadian dollars. That may sound like a lot, but if you were to spend $5,000 abroad, that’s $125 in fees you’d be paying.

It makes no sense to pay more than you have to. Instead, you’re better off getting one of the best credit cards with no foreign transaction fees since you’ll save on the exchange fees and get some great travel benefits.

The best no foreign transaction fee credit cards in canada

Credit cardAnnual fee
Scotiabank Passport Visa Infinite Card$150
Scotiabank Gold American Express Card$120
EQ Bank Card$0
Home Trust Preferred Visa$0
Wealthsimple Cash Card$0 Rewards Mastercard $0
CIBC AC Conversion Card$0

Scotiabank Passport™ Visa Infinite* Card

  • $150 annual fee
  • 25,000 Scene+ points when spending $1,000 in the first 3 months
  • 10,000 points when spending $40,000 in the first year
  • Earn 3 Scene+ points per $1 spent at Empire owned supermarkets
  • Earn 2 Scene+ points per $1 spent on eligible grocery stores, dining, entertainment, and daily transit purchases
  • Earn 1 Scene+ point per $1 spent on all other eligible purchases
  • Visa Airport Companion Program membership + 6 passes per year
  • No foreign transaction fees

The Scotiabank Passport Visa Infinite Card is the best no foreign transaction fee credit card for those who don’t want to hold multiple credit cards. The earning rate is 3 Scene+ points per $1 spent at Empire owned supermarkets, 2 points at other eligible grocery stores, dining, entertainment, and daily transit purchases, and 1 point on all other purchases.

This card is appealing because you also get some great travel benefits. A complimentary Visa Airport Companion Program membership is provided via DragonPass, with six free annual passes. For reference, airport lounge access usually costs US$99 a year, plus US$32 a visit, so cardholders get a lot of value. You also get a comprehensive travel insurance policy. This is one of the best travel credit cards in Canada.

Other benefits include a free Avis Preferred Plus membership, concierge service, access to the Visa Infinite Hotel Collection, and Dining and Wine Country program. The card does have an annual fee of $150.

Eligibility: A minimum personal income of $60,000 or a household income of $100,000 or at least $250,000 in assets under management. A credit score of 700 is also recommended.
Welcome bonus: You’ll typically get 35,000 to 50,000 Scene+ points as the welcome offer. In most cases, you’ll need to spend a minimum amount in the first three months and another in the first 12 months for the full bonus.

Scotiabank Gold American Express® Card

  • $120 annual fee – First year free
  • 25,000 Scene+ points when you spend $1,000 in the first 3 months
  • 20,000 Scene+ points when you spend $7,500 in the first year
  • Earn 6 Scene+ points per $1 spent at Empire owned supermarkets
  • Earn 5 Scene+ points per $1 spent on grocery, dining, and entertainment
  • Earn 3 Scene+ points per $1 spent on gas, and daily transit purchases
  • Earn 1 Scene+ point on all other purchases
  • No foreign transaction fees

The high earn rate sets the Scotiabank Gold American Express Card apart from the other no foreign transaction fee credit cards on this list. You get 6 Scene+ points per $1 spent at Empire-owned grocery stores, 5 points on other grocery stores, dining, and entertainment purchases, 3 points on gas, public transportation, rideshares and streaming purchases, and 1 point on all other purchases. That earning rate rivals the American Express Cobalt Card.

It’s worth nothing the bonus categories don’t apply to any foreign transactions (they do for the Scotiabank Passport Visa Infinite Card), but you do get additional benefits such as a comprehensive insurance package that covers you up to 25 days, airport lounge access (no free passes), and mobile device insurance.

Even though you don’t get any free airport lounge passes, the additional points you earn from the bonus categories in Canada make up for it. This is the card you should choose if you want to earn many points fast. The annual fee is $120.

Eligibility: There’s no minimum income requirement. A credit score of at least 700 is recommended.
Welcome bonus: Typically worth between 40,000 and 60,000 Scene+ points when. To get the full bonus, you usually need to meet multiple minimum spending requirements.

EQ Bank Card

  • $20 referral bonus (must fund account with $100 within 30 days)
  • No monthly fees
  • 0.5% cash back on all purchases
  • Free withdrawals from any ATM in Canada
  • No foreign transaction fees
  • Earn 2.50% interest until you spend

The EQ Bank Card is the perfect choice for those who want to access foreign currency for cheap. You’ll earn 0.5% cash back on all your purchases. In addition, any funds loaded to your card also earn interest (the percentage is higher than the purchase rate).

This card stands out because you don’t get charged any foreign transaction fees when using foreign ATMs. That means you can withdraw cash locally as needed instead of exchanging funds in advance or when you arrive. Note that the one-time fee that foreign ATMs charge are not reimbursed. However, any ATM fees in Canada are credited back to you.

Since this is a prepaid card, you can only spend the funds that you’ve loaded onto your card. Loading funds is easy even when you’re abroad, as you only need to send yourself an e-transfer. The good news is that prepaid cards don’t require an income or credit history to be approved. Plus, the card has no fees.

Eligibility: Must have an EQ Bank account. No income or credit history is required.
Welcome bonus: You get a $20 cash bonus when signing up with a referral link and funding your account with $100 within 30 days of account opening.

Home Trust Preferred Visa Card

  • No annual fee
  • No foreign transaction fees
  • 1% cash back on Canadian purchases
  • Purchase protection

The Home Trust Preferred Visa is a no fee, no foreign exchange fee credit card. The earn rate is 1% cash back on all purchases, but it doesn’t apply to purchases made in foreign currencies. That means you only earn cash back on transactions made in Canadian dollars, but at least you won’t pay the FX fees when purchasing in a currency that’s not Canadian dollars.

This card’s only real other benefit is purchase security, which covers your purchases for 90 days from theft, loss, or damage. Some people like this card over others because it has no annual fee and is a true credit card. That means you don’t need to preload funds to use it. That said, if you choose this card, call customer service before you depart to let them know you’re travelling. In the past, they would automatically block transactions made outside of Canada.

Eligibility: No minimum income is required. A credit score of at least 660 is recommended.
Welcome bonus: None.

Wealthsimple Cash Card

  • No annual fee
  • Up to $3,000 welcome bouns
  • 1% back in cash, stocks, or crypto on all purchases
  • 4% interest on deposited funds
  • No foreign transaction fees on purchases or ATM withdrawals
  • CDIC insurance protection

Another prepaid credit card with no foreign transaction fees is the Wealthsimple Cash Card. All purchases earn you 1% back in cash, stock, or crypto. In addition, any funds you have loaded to your card earn interest. That means your money always grows even when you’re not spending it.

As a no fee, prepaid card, there aren’t any other benefits. The main draw here is the cash back earned and the no foreign transaction fees. You also won’t pay foreign transaction fees on ATM withdrawals. That said, most foreign ATM operators will charge you a one-time fee, and Wealthsimple limits your withdrawals to $500 CAD a transaction. There’s also a daily withdrawal limit of $1,000 CAD per day.

This card is very similar to the EQ Bank Card. Many people prefer the EQ Bank Card because you get $20 when signing up with a referral link. However, Wealthsimple does give you a higher cash back and savings interest rate.

Eligibility: Must have a Wealthsimple Cash account, but no income or credit history is required.
Welcome bonus: Up to $3,000 (it’s random) Rewards Mastercard

  • No annual fee
  • $50 Amazon gift card at sign up
  • 5% back at, grocery stores and restaurants for six months after your account is opened
  • 2.5% back at, Whole Foods Market in Canada and foreign currency transactions
  • 1% back per dollar spent on all other purchases

The Rewards Mastercard is one of the best no foreign transaction fee credit cards in Canada, but it flies under the radar. You’ll earn 2.5% back at, Whole Foods and foreign transactions. All other purchases earn you 1% back. However, you must be an Amazon Prime member to get this rate. Non-Prime members earn 1.5% back at and Whole Foods, and 1% on foreign transaction fees. 

The cash back works like this. Once you’ve earned 2,000 points, a $20 gift card is deposited into your account. Other benefits with the card include discounts at Avis and Budget Rent a Car, purchase assurance, extended warranty, and zero liability insurance. 

This card is only worth considering if you’re an Amazon Prime member and you do a lot of shopping on Amazon. The good news is that there’s no annual fee.

Eligibility: Must be an Amazon Prime member for the increased earning rate. No minimum income or credit score is listed.
Welcome bonus: A $35 gift card is given instantly upon approval.

CIBC AC Conversion Card

  • No annual fee
  • No load or conversion fees
  • Load up to 10 currencies with no fees
  • 1% cash back on all eligible purchases (until October 31, 2023)

THIS CARD HAS BEEN DISCONTINUED. The CIBC AC Conversion Card isn’t a traditional no foreign transaction fee credit card; it’s a prepaid credit card where you can load up to 10 currencies. This is a good choice for anyone who’s travelling to multiple countries with different currencies supported by the CIBC AC Conversion card. By preloading your funds, you’re essentially locking in your rates before you travel.

Ten currencies may not sound like a lot, but that covers you for 40 different countries, which is a good amount. The currencies available include Canadian dollars, United States dollars, Euros, Great Britain pounds, Mexican pesos, Hong Kong dollars, Australian dollars, Japanese Yen, Turkish Lira, and the Swiss Franc.

One downside with this card is that you only get one free foreign ATM withdrawal a month. If you need additional transactions, it’ll cost you $3 – $5 each. This card has no fee and you’ll get $10 when you refer your friends. 

Eligibility: No income or minimum credit score required.
Welcome bonus: $20 when signing up with my exclusive referral link.

What are foreign transaction fees?

Foreign transaction fees are a surcharge that’s added to the exchange rate when you make a purchase in any currency that’s not Canadian dollars. This includes any online purchases you make that are in US Dollars. It doesn’t matter if it’s a Canadian company, if you’re paying in a foreign currency, most credit cards will add a foreign transaction fee. This fee is baked right into the exchange rate, so when looking at your statement, you may not even notice it.

Credit card provider foreign transaction fees

Most credit card providers charge a foreign transaction fee of 2.5%. That said, some cards will charge as high as 3.5%. To give you some perspective, for every $1,000 you spend in a foreign currency, it’s costing you $25 to $35 in fees. As you can imagine, these fees can add up quickly and make your purchases more expensive.

Credit card issuer foreign transaction fees

Credit card issuers (Visa, Mastercard, and American Express) also charge a small fee. That said, the fees are minimal. For example, at the time of this writing, the exchange rates for 1 CAD dollar to 1 US dollar was as follows:

  • Official exchange rate – 0.77118
  • Visa exchange rate – 0.77333
  • Mastercard exchange rate – 0.77255

This exchange is required since the official exchange rate is only available to financial institutions. The credit card issuers charge a tiny percentage to do the conversion. Technically speaking, Mastercard offers better exchange rates than Visa. However, as you can see, the difference is so tiny it won’t matter. 

To view current exchange rates, you can check out, Visa, and Mastercard. American Express does not list their exchange rates, but they’re similar. 

How are foreign transaction fees determined?

Credit card issuers and credit card providers determine foreign exchange fees. When credit providers charge foreign exchange fees, they’re posted in your user agreement.

As for the exchange rates themselves, they’re based on supply and demand in the foreign exchange market. For example, if a country is in a conflict or has experienced a natural disaster that has affected its economy, the demand for its currency would likely decrease. As a result, the value of their money would decrease in value.

How do no foreign transaction fee credit cards work?

The best credit cards with no foreign transaction fees are exactly as advertised. Instead of charging the extra 2.5% to 3.5% in fees, they waive it entirely. That means consumers with these cards will automatically get the lowest exchange rate offered by Visa, Mastercard, or American Express.

That said, some credit cards promote that they have no foreign exchange fees, but you might be getting a rebate or cash back instead. For example, a credit card might charge a 2.5% foreign transaction fee, but you get 2.5% cash back on purchases made in a foreign currency. When looking at credit cards with no foreign transaction fees, read the fine print.

Where can no foreign transaction fee credit cards be used?

Since credit cards with no foreign transaction fees are just regular credit cards, they can be used just about anywhere, including:

  • In Canada
  • Abroad
  • Online
  • At ATMs (fees may apply)

Remember that your credit card issuer must be accepted where you’re making a purchase for your credit card to work. For example, if you have a no foreign transaction fee Visa, and the merchant doesn’t accept Visa, you won’t be able to use it.

Should I pay in the local currency or CAD?

Some merchants will allow you to pay in the local currency or CAD when processing your payments. This is known as dynamic currency conversion. You should ALWAYS choose the local currency if you’re paying with one of the best credit cards without foreign transaction fees because you’re guaranteed to get the best exchange rates. If you were to choose CAD dollars, there’s a slight markup included by the payment processor. That fee can vary depending on the processor but your credit card will almost always offer a better currency conversion fee than a foreign processor.

Do foreign transaction fees apply to ATMs?

If you were to use a credit card to withdraw cash from an ATM, it’s considered a cash advance. In this situation, you would likely pay 22%+ interest immediately. In addition, a foreign transaction fee would apply, and the ATM might charge you a one-time fee. In other words, don’t use a traditional credit card to withdraw money from an ATM.

There is one exception to this rule. Some prepaid cards, such as the Wealthsimple Cash Card and EQ Bank Card, don’t charge foreign transaction fees or interest when using foreign ATMs. That’s because they’re prepaid cards and are similar to debit cards.

If you used your debit card in a foreign ATM, you’d likely be charged a foreign transaction fee of 2.5% to 3.5%. Your bank and the ATM provider will likely charge a one-time use fee. In other words, using a no FX credit card that doesn’t charge you a markup on foreign ATM withdrawals is the best way to get foreign currency.

Is a no foreign transaction fee credit card worth it?

It should be evident by now that having a no foreign transaction fee credit card is necessary. There’s no reason you should pay additional fees when you don’t have to. 2.5% doesn’t sound like a lot, but it adds up. For example, let’s say you went on a trip to Europe and charged roughly $4,000 to your card that charges foreign exchange fees. You’d essentially be paying $100. That’s enough for a nice meal during your trip.

There are so many credit cards that have no forex fees, so you should pick one that best suits your needs. Even if you get a no fee card and only use it once or twice a year, getting the best prices and avoiding paying extra will be worth it.

How to choose a credit card with no foreign transaction fees

My list of the best credit cards without foreign transaction fees in Canada will greatly reduce the amount of time you need to research. From this handful of cards, you should consider the following to help you choose the perfect card:

  • Annual fee – Do you want to pay a yearly fee or not?
  • Benefits included – Does the credit card come with any additional benefits that you’re interested in, such as complimentary access to airport lounges, discounts on car rentals, and travel insurance such as auto rental collision damage waiver insurance.
  • ATM access – If you plan on withdrawing cash, consider a card that has no ATM fees.
  • Cash back or no fee – Some of the cards give you cash back that offsets the forex fees, while others don’t charge any fees at all.
  • Welcome offer: Always worth looking into when you are getting a new card.

How to apply for a credit card with no foreign transaction fees

If you’re ready to apply for a credit card with no foreign transaction fees, then follow these steps:

  1. Browse and compare the best credit cards with no foreign transaction fees above
  2. Click apply now
  3. Check that you meet all the qualifications
  4. Fill out your personal details
  5. Wait for approval
  6. When the card arrives, activate it


Are foreign transaction fees refunded?

Foreign transaction fees are not refunded for regular credit cards. It doesn’t matter if you make a purchase and return it 10 minutes later; you’ll lose out on the exchange TWICE! That’s because you’re charged a 2.5% fee for the purchase and a 2.5% fee to convert the funds back to Canadian dollars when you do a return. In other words, if you’re not using one of the best no foreign transaction fee credit cards in Canada, you’ll be paying a 5% fee to do a return.

You’re not charged the fee with no foreign transaction fee credit cards. That means if you’re doing a refund, you should get the full amount back. That said, there might be a slight difference if you do the return on a different date, as the exchange rate could have changed.

What is the best no FX fee credit card in Canada?

When it comes to the best no FX fee credit card in Canada, I like to lean towards either the Scotiabank Passport Visa Infinite or the EQ Bank Card. 

The Scotiabank Passport Visa Infinite is a well-rounded travel rewards credit card with a number of handy perks and benefits. It’s easy to earn rewards on day-to-day spending, and the rewards program is pretty decent. This makes it a solid choice for an all-in-one credit card as opposed to looking for something just to target avoiding no FX fees. As mentioned earlier, it’s frequently one of my top picks for the best travel cards in Canada.

The EQ Bank Card, on the other hand, is a prepaid card rather than a credit card. Some people prefer this when travelling as they feel safer and better protected. You would likely have this card in addition to a credit card. While it doesn’t come with any fancy travel perks or benefits, it offers cash back for domestic and international purchases, which is pretty handy since it’s a free card.

How do US dollar credit cards differ from no foreign transaction credit cards?

Just about every financial institution offers a US dollar credit card. That means there will be no foreign transaction fees when you charge US dollar purchases to the card. However, any other currency, including Canadian dollars, would incur the forex fee charge.

In addition, since this is a US dollar credit card, you need to pay your bill in US dollars. Unless you have a steady stream of US dollars, you’ll have to convert Canadian dollars to pay your bills. Of course, there’s a cost to convert your currency, which varies depending on where you exchange your money.

What are the pros and cons of no foreign transaction fee credit cards

It should be obvious that credit cards with no foreign transaction fees can be highly beneficial, but that doesn’t mean you should sign up for one immediately. You’ll want to consider the pros and cons before making a decision.

Pros of no foreign transaction fee credit cards

  • No foreign transaction fees – You’ll save at least 2.5% on purchases made in a foreign currency.
  • Cheap way to get foreign cash – No foreign transaction fee prepaid cards are the cheapest way to get cash when withdrawing from foreign ATMs.
  • Some benefits – A few credit cards with no foreign transaction fees come with benefits such as travel insurance and airport lounge access.

Cons of no foreign transaction fee credit cards

  • No American Express cards – There are no American Express cards in Canada that have no foreign transaction fees.
  • Limited benefits – Most no foreign transaction fee credit cards come with only a few benefits.
  • Low earn rate – With most credit cards, foreign purchases only give you the base earn rate.

No foreign transaction fee credit card alternatives

In the rare event that you’re not approved for a credit card that doesn’t charge foreign transaction fees, you can consider one of the following alternatives:

  • Get a prepaid card – The Wealthsimple Cash Card, EQ Bank Card and CIBC AC Conversion Card are all prepaid cards, so you’re guaranteed to be approved.
  • Exchange cash in advance – If you use one of the best ways to exchange money, you can pay for purchases with cash when abroad.
  • Use a regular credit card – Although you’ll have to pay foreign transaction fees, at least you can still charge your purchases.

About Barry Choi

Barry Choi is a Toronto-based personal finance and travel expert who frequently makes media appearances. His blog Money We Have is one of Canada’s most trusted sources when it comes to money and travel. You can find him on Twitter:@barrychoi


  1. Kat on February 15, 2016 at 10:32 PM

    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 on February 15, 2016 at 11:01 PM


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

    • Diana on March 12, 2017 at 4:02 PM

      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.

      • Barry Choi on March 12, 2017 at 11:11 PM

        Thanks for the update Diana!

      • Manish on August 29, 2019 at 9:57 PM

        I will be traveling to Europe soon and have the Rogers World Elite Mastercard. Will all purchases made in Euros get converted to CAD directly?

        • Barry Choi on August 30, 2019 at 7:48 AM


          I believe in converts to USD first and then CAD. You need to check the fine print, but from what I recall, it doesn’t make much of a difference when converting to USD first.

      • Don on November 27, 2019 at 11:57 AM

        I have a Home Trust Visa and a Brim MC. I live in Mexico in the winter. The Home Trust exchange rate is always 1.66% lower than the actual exchange rate, while Brim is is usually within a few points of the real rate. So Home Trust is NOT free of exchange fees, it is actually a 1.66% exchange fee; less than 2.5% or 3% but still an exchange fee.

        • Barry Choi on November 27, 2019 at 8:06 PM

          Hey Don,

          Interesting observation. As far as I know, Home Trust just goes by the Visa rate so I have no idea what’s going on there.

  2. Derek Nash on February 17, 2016 at 9:41 PM

    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 on February 17, 2016 at 9:52 PM


      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 on February 25, 2016 at 3:09 PM

    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 on February 25, 2016 at 4:00 PM


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

  4. John on June 11, 2016 at 11:33 PM

    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 on June 11, 2016 at 11:38 PM


      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 on June 24, 2016 at 1:01 PM

    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 on June 24, 2016 at 3:01 PM


      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 on August 5, 2016 at 6:27 PM

    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 on August 5, 2016 at 7:17 PM


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

    • Michael on April 8, 2017 at 7:58 PM

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

    • Bonnie on April 27, 2017 at 5:20 PM

      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 on April 27, 2017 at 6:53 PM


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

    • Angela on July 6, 2017 at 1:12 PM

      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 on July 20, 2017 at 2:53 PM

        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 on July 20, 2017 at 2:55 PM

          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 on October 4, 2017 at 3:23 AM

          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 on 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 on August 18, 2016 at 4:20 PM

    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 on August 18, 2016 at 4:32 PM


      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 on October 19, 2016 at 5:03 PM

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

        • Barry Choi on October 19, 2016 at 5:16 PM

          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 on 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 on December 6, 2016 at 5:02 PM

    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 on December 6, 2016 at 9:08 PM


      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 on December 19, 2016 at 9:13 PM


  10. Gary on March 7, 2017 at 2:06 AM

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

  11. Big Dee on April 5, 2017 at 8:51 PM

    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 on April 5, 2017 at 9:06 PM

      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 on April 26, 2017 at 6:08 PM

      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 on April 26, 2017 at 6:19 PM

        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 on May 12, 2017 at 6:39 PM

    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 on May 12, 2017 at 6:46 PM

      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 on July 23, 2017 at 11:49 PM

    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 on July 24, 2017 at 12:01 AM


      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 on August 3, 2017 at 9:15 AM

    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 on August 3, 2017 at 9:18 AM


      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 on August 24, 2017 at 12:24 PM

    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 on August 24, 2017 at 3:46 PM

      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 on January 17, 2018 at 2:53 AM

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

        • Barry Choi on January 17, 2018 at 6:44 AM


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

          • Michel on 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 on 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 on September 1, 2017 at 10:44 AM

    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 on September 1, 2017 at 11:13 AM

      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 on June 22, 2018 at 2:01 PM

        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 on September 2, 2017 at 7:17 AM

      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 on September 2, 2017 at 7:52 AM


        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 on September 3, 2017 at 9:35 AM

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

          • Barry Choi on September 3, 2017 at 12:04 PM


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

          • JS-WhoistheOracleofOmaha on 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 on 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 on September 21, 2017 at 1:52 PM

    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 on September 21, 2017 at 3:01 PM


      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 on September 23, 2017 at 3:57 PM

      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 on September 21, 2017 at 6:36 PM

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

    • Barry Choi on September 21, 2017 at 6:37 PM


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

  20. Peter James on October 7, 2017 at 3:07 PM

    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 on October 29, 2017 at 1:28 PM

    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 on October 31, 2017 at 2:12 PM

    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 on October 31, 2017 at 3:16 PM

      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 on January 16, 2018 at 6:50 PM

    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 on January 17, 2018 at 4:01 PM

    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 on January 17, 2018 at 4:08 PM

      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 on January 17, 2018 at 4:25 PM

        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 on January 18, 2018 at 1:10 AM

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

      • Vito on January 18, 2018 at 1:09 AM

        “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 on January 18, 2018 at 6:50 AM


          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 on January 18, 2018 at 7:17 AM

          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 on January 18, 2018 at 12:23 AM

    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 on January 18, 2018 at 6:52 AM


      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 on January 18, 2018 at 11:56 AM

    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 on January 18, 2018 at 10:08 PM

    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 on January 18, 2018 at 10:10 PM


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

  28. Lor on January 19, 2018 at 1:34 PM

    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 on January 19, 2018 at 7:46 PM

      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 on January 28, 2018 at 4:33 AM

      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 on January 28, 2018 at 10:44 AM

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

  29. PP Gal on January 20, 2018 at 1:24 PM

    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 on January 24, 2018 at 7:03 AM

    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 on January 24, 2018 at 7:11 AM

      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 on January 24, 2018 at 7:15 AM

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

    • Barry Choi on January 24, 2018 at 7:23 AM


      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 on January 31, 2018 at 8:02 AM

    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 on January 31, 2018 at 8:34 AM


      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 on January 31, 2018 at 8:58 AM

        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 on February 1, 2018 at 10:18 AM

    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 on February 1, 2018 at 7:55 PM


      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 on February 1, 2018 at 8:33 PM

        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 on February 1, 2018 at 8:37 PM


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

          • $ConfusesMe on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on 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 on February 6, 2018 at 4:15 PM

    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 on February 6, 2018 at 4:40 PM

      Hi Frank,

      Thanks for sharing. Please do keep me updated.

    • Michael on February 14, 2018 at 1:54 PM

      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 on February 7, 2018 at 12:47 PM

    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 on February 7, 2018 at 1:00 PM


      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 on February 23, 2018 at 12:12 AM

    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 on February 28, 2018 at 3:19 AM

    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 on February 28, 2018 at 6:09 AM

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

      • Sam on July 19, 2018 at 1:35 PM

        Good choice.
        Brim looks more like a scam to gather personal data. I applied in march 2018, nothing from Brim. Even the site did not change.
        Instead I get marketer calls for having been referred.
        I know it’s an old thread but it can be helpful for others to know.

  38. Roberta Sanderson on March 6, 2018 at 11:58 AM

    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 on March 6, 2018 at 1:52 PM

    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 on March 6, 2018 at 1:55 PM

      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 on March 9, 2018 at 8:21 AM

    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 on March 9, 2018 at 11:17 AM


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


  42. Salah on March 9, 2018 at 11:18 AM

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


    • Barry Choi on March 9, 2018 at 2:53 PM

      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 on March 12, 2018 at 9:57 AM


    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 on March 12, 2018 at 10:06 AM

      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 on March 15, 2018 at 7:48 PM

      My Home Trust card has finally arrived!

      • $ConfusesMe on March 15, 2018 at 9:02 PM

        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 on March 15, 2018 at 9:06 PM

          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 on 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 on 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 on October 24, 2018 at 1:39 PM

        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 on October 24, 2018 at 4:26 PM

          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 on March 12, 2018 at 10:22 AM

    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 on March 12, 2018 at 10:26 AM

      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 on March 12, 2018 at 10:28 AM

        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 on March 12, 2018 at 10:30 AM

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

  45. JS-ALL on March 13, 2018 at 8:57 AM

    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 on March 13, 2018 at 12:01 PM


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

  46. Roberta on March 16, 2018 at 11:00 AM

    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 on March 16, 2018 at 11:04 AM

      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 on March 19, 2018 at 11:22 AM

    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 on March 20, 2018 at 8:42 AM


      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 on March 20, 2018 at 1:45 AM

    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 on March 20, 2018 at 8:42 AM

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

      • Mara Joan Roquero on March 20, 2018 at 8:47 AM

        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 on March 20, 2018 at 10:22 AM

          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 on March 20, 2018 at 11:03 PM

    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 on March 21, 2018 at 6:57 AM

      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 on March 23, 2018 at 4:22 PM

        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 on March 23, 2018 at 4:26 PM

    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 on April 10, 2018 at 2:13 PM

    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 on April 11, 2018 at 1:17 AM

    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 on April 11, 2018 at 10:17 AM

      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 on May 4, 2018 at 12:00 AM

    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 on May 4, 2018 at 12:01 AM

      Oops.. accommodate…..

    • Barry Choi on May 4, 2018 at 12:46 AM

      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 on May 22, 2018 at 2:10 PM

    “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 on June 13, 2018 at 3:43 PM

    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 on June 13, 2018 at 3:45 PM

      Correction: took over 3 months…

  58. […] you’re looking for a credit card without foreign exchange fees, I’ve got a detailed list that you can check […]

  59. […] on your travel habits. Regardless of which country you’re from, make sure you apply for a credit card with no foreign exchange fees before you […]

  60. […] I already have a detailed list of credit cards with no foreign transaction fees detailed list of credit cards with no foreign transaction fees, I’ve left the majority of them off my list here. Now let’s get to the details of the best […]

  61. Scotiabank US Dollar Visa Review - Money We Have on August 22, 2018 at 1:23 PM

    […] Scotiabank US Dollar Visa doesn’t charge you fees when making purchases in U.S. dollars, but credit cards without foreign exchange fees don’t charge you extra fees at all which is why I favour them […]

  62. Roy Katsuyama on September 4, 2018 at 1:55 PM

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

    • Barry Choi on September 4, 2018 at 2:17 PM

      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 on September 11, 2018 at 1:39 PM

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

    • Barry Choi on September 12, 2018 at 7:28 AM

      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.

  64. CIBC AC Conversion Card Review - Money We Have on October 8, 2018 at 7:33 AM

    […] about fees. I personally prefer to pay as little fees as possible which is why I much prefer using a credit card with no foreign transaction fees or using my debit card to get cash while accepting that you’ll have to pay the extra 2.5% […]

  65. […] card hacks are a bit subjective, but I think having a credit card that doesn’t charge you foreign transaction fees is a pretty big deal. The majority of credit cards in Canada charge you 2.5% on top of the spread […]

  66. How to Save Money at Disney World - Money We Have on January 20, 2019 at 12:36 PM

    […] whenever you make a purchase in a foreign currency. Fortunately, there are credit cards that have no foreign transaction fees so sign up for one before you leave. Don’t forget to let them know that you’ll be […]

  67. Matt on February 1, 2019 at 9:21 AM

    Hi Barry, my family and I will be travelling to Hong Kong/Singapore in the summer and will be paying all my hotel stays with a credit card. I want to borrow your expertise in terms of which of these cards I should be getting to pay for my hotel stays.

    Scotiabank Passport Visa Infinite Card – I love the no exchange fee but not sure if the VIP lounge access is of great use to me since I don’t travel often and if I do, my kids are always with me. Moreover, the $139 annual fee is another drawback but Scotia as one of the Big 5s feel a bit more confident.

    Home Trust Preferred Visa – I love the no exchange fee and it doesn’t charge any annual fee. However, there are a few negatives: 1) The limit of 10 transactions per day, complaints how long it will take to get your card and the fact its parent company (Home Capital) almost went bankrupt made me nervous to have any financial dealings with them. That said, I still want to get your opinion if I should give it a try.

    SPG Amex – I’m a Marriott member and already accumulated some points via the old Marriott Visa card. So, I am thinking of getting the SPG Amex to get the bonus points and to continue to earn more Marriott points for hotel stays for my next trip. However, my concern is the FX fee it will charge which will then reduce the value of the Marriott points that I earn.

    RBC British Airways VISA – I’m a BA Executive Club member and wonder if I should get this card to get the bonus points (40K Avios if not renewing) and to continue to earn more BA Avios for my next trip. However, like the SPG AMEX, my concern is the FX fee it will charge which will then reduce the value of the Avios that I earn.

    Your thought?

    • Barry Choi on February 1, 2019 at 10:16 AM

      Hi Matt,

      You’ve clearly done your research. Here are just a few thoughts which may or may not answer your questions. I like the Scotiabank Passport card as it’s a good all-in-one travel card. It does have an annual fee of $139, but you get a sign up bonus worth $250. You could basically test it out for the first year to see if you like it. Alternatively, you could get the Rogers Mastercard or the Rogers World Elite mastercard which give you 3% and 4% back on foreign purchases which negates the foreign transaction fee of 2.5%. I have the HomeTrust card, but if you’re travelling soon, I’d apply for something else.

      SPG Amex – I personally love SPG/Marriott properties. It would be worth signing up for the card if you usually stay at those properties during your travels. That being said, the sign up bonus of 50K points on a $1,500 spend is rather generous. This is another card where you could try it for the first year and then cancel it before your annual fee is die.

      RBC British Airways – Similar to the SPG card, get the sign up bonus if you fly BA a lot. The points aren’t as flexible compared to Scotia or SPG, but there’s no denying BA points can be valuable.

      If you’re willing to sign up for multiple credit cards and you can meet the minimum spend, then you can earn points real fast. If you don’t want to bother with that, the Scotiabank card is a safe choice.

      • Matt on February 1, 2019 at 10:38 AM

        Thanks Barry! I’ll probably sign up for multiple cards to earn all the bonus offered on them as my estimated spending will be over the minimum requirement on each of these cards. My question is do you know f applying multiple credit cards going to affect my credit score assuming I apply them 1 to 2 months apart?

        Another side question with regards to the VIP lounge access offered by Scotia – If my family and I access the lounge (2 adults and 2 kids), will it be counted as using VIP lounge access for 4 times?

        Once again, thank you for your help!

        • Barry Choi on February 1, 2019 at 10:44 AM


          There’s a lot of value in that strategy. I signed up for 3 new cards myself this year and it’s only Feb. 1st! Every time you apply for a new card, your credit score takes a hit of 10 points, but it’ll go back up after a few months if you make all your payments. Spreading out applications is always advised, but if you applied for two in one month, it probably wouldn’t be a big deal. That being said, I wouldn’t apply for like 5 cards in six months if you plan on applying for a mortgage soon.

          Hi Matt, yes each family member counts as a pass that needs to be used. If your kid is under 2, they usually won’t charge you.

  68. Matt on February 1, 2019 at 10:49 AM

    Many thanks Barry!

  69. Ben on February 6, 2019 at 2:51 PM

    Great information, thank you.
    For the Home Trust Visa and the Rogers Platinum, does the no foreign transaction fees apply to online purchases made in Canada, but in US dollars?
    Thanks so much

    • Barry Choi on February 6, 2019 at 5:26 PM

      Hi Ben,

      As long as it’s being charged in any currency except Canadian, the no forex or in the case of Rogers, 4% cash back applies.

  70. Ken on February 6, 2019 at 11:25 PM

    I have been looking for a no FX card. I just found Not sure why it is not listed here.

  71. bylo selhi on February 10, 2019 at 9:17 AM

    Re Home Trust Visa, you can now change your PIN by phone. Call 1-833-217-8090. Once PIN is changed you have to insert card at an ATM/terminal. Enter OLD PIN at first prompt then use NEW PIN on subsequent transactions.

    Re Brim, yes there were many issues in the past but it seems that now they’re all in the past. The RFD thread on Brim suggests that it’s taken Brim a year to get their act together, but now that they’ve done it the card is a decent option. You need to give it another look. (I’m saying this as a fervent anti-Brim poster on RFD who’s now willing to reconsider,)

    • Barry Choi on February 10, 2019 at 9:25 AM

      Hey Bylo,

      Thanks for the update on both cards. You’re right, I should look into BRIM again. The thing that annoys me the most is how they acted childish towards the public on social media but that could have just been a bitter social media person. If I got over the BMO World Elite Mastercard changes, I can certainly take another look at BRIM.

  72. MATTHEW LEE on March 3, 2019 at 9:17 PM

    Hi Barry,

    Sorry to trouble you again. Now that HSBC is waving the first year annual fee on the “HSBC World Elite Mastercard” and offering the 30,000 bonus points, it appears to be a better choice than the Scotia Passport Visa Infinite” card for my upcoming trip (airlines/hotels/attraction park tickets). But any other thoughts otherwise?


    • Barry Choi on March 3, 2019 at 9:35 PM


      The current HSBC World Elite promo is definitely good, but I believe the 30K points is only worth $150. The Scotiabank passport card has a promo right now where the sign up bonus is worth $200, but there’s an annual fee of $139. I guess you should just sign up with whichever card gives you other benefits that you enjoy.

      • MATTHEW LEE on March 3, 2019 at 9:56 PM

        Thanks Barry!

  73. Dana Jakubovic on March 18, 2019 at 9:24 AM

    Hello Barry,

    thank you for all this info. I am a Canadian, travelling since the last 10 years on a sailboat with a permanent address (where I don’t really live) in Quebec. In the past I have been using, but……… Now have RBC Visa card only with the foreign exchange fee.

    In each country I change the SIM card on the phone (hence change the phone number as well). Would you know if that would be a problem (having every few months different phone number) in acquiring and operating with the STACK card?

    Thank you in advance, Dana

  74. Dana Jakubovic on March 18, 2019 at 9:34 AM

    Hello Barry,

    just checked the STACK card and of course – not available to Quebec residents!!

    Should have checked before, thanks,

  75. Cecile on April 2, 2019 at 8:03 AM

    Just returned from a trip to Israel last week. For the two us for 9 days, the cost was $7300 Can. (which works out to approx the cost you quoted in U. S. $). We used iur Rogers World Elite card. By the way, one DOES NOT to wait til Dec for Cashback. One can get it immediately. -Best credit card we have ever had!.
    (Also we took our coach tour with Globus. It included accommodations, transportation to the various sites, all full buffet breakfasts, 4 dinners, entrance to the sites.- great deal. We arranged our own airfare as it was cheaper.)

    • Barry Choi on April 2, 2019 at 4:39 PM


      Yes, ROgers just changed things so you can claim your cash-back right away. This is huge!

  76. Jocelyn on April 15, 2019 at 7:53 AM

    I ordered my STACK card in mid-February. Card was to be delivered by March 25th, then it was sometime in April, now the website indicates May. Big disappointment because my holiday in the UK starts May 1st. Guess I’ll be using my Rogers World Elite card just about everywhere and relying very little on cash.

    • Barry Choi on April 15, 2019 at 7:59 AM


      Yes it is disappointing, STACK is going through some delays right now as they changed card suppliers.

  77. Natalia S on April 25, 2019 at 11:26 AM

    Hi Barry,

    First of all, thanks for all the wisdom you shared on Jessica’s Mo’ Money podcast! Both of your interviews were very insightful and practical.

    Card question for you. What would you do if you were me? I am traveling to Europe (Hungary, Italy, Austria, etc) in a week and could benefit from a Canadian card with no foreign transaction fees. I used to live and work in the US and used my US no-fee cards up to know but since my US cash stash is running low, it makes sense to switch to a Canadian one. Which one would you recommend?

    I already have the TD Aeroplan Visa and use it for all our monthly expenses thus getting at least two, usually more, free flights per year (usually Toronto – Vancouver). Looking to supplement it with something that gives me no foreign transaction fees and ideally lounge perks too.

    Considering the Scotia Passport Visa Infinite because I am tempted by the lounge access. What do you think?

    Also, I hear Scotia could possibly give me the card in hand at a branch which would be a perk considering I am flying in 1 week, but I can sacrifice having the card for this trip if there is a better obvious choice for me.

    Thank you!

    • Barry Choi on April 25, 2019 at 11:37 AM

      Hey Natalia,

      Glad you found me from Jessica’s podcast, love her!

      The Scotiabank Passport card is a great choice right now since it has an increased sign up bonus. The lounge passes will definitely be beneficial to you (research lounges in advance so you don’t waste your passes on lounges that suck).

      Scotiabank would likely be able to expedite your card. I would call them right away after applying to see how quickly you can get it.

      • Natalia S on April 25, 2019 at 3:05 PM

        Thanks so much, Barry! Yes, I already spoke with Scotia and I am going in to the branch with an appointment tomorrow. They said that would be the fastest way to get it expedited.

        I will most definitely research the lounges ahead of time. And I hear there is an option to use some $ credit towards a list of selected restaurants at airports that don’t have Priority Pass lounges. The allowance amount is not shabby either. So, I will look into that as well and see if it would work in this case.

        • Natalia S on April 25, 2019 at 3:10 PM

          Barry, one more question that I just realized you may know the answer to: say, after a year, I decide I don’t want to keep the Scotia card anymore. How big of ding does my credit score get?

          • Barry Choi on April 25, 2019 at 3:22 PM


            One thing to note about in branch pickups. They may try to sell you on things such as balance protection. Decline it, it’s a rip off.

            Your credit score wouldn’t really take a hit unless it’s the only credit card you have as your credit utilization rate would increase.

          • Natalia S on April 25, 2019 at 3:37 PM

            Good reminder. Thanks, Barry! I will keep my “No, thank you.” hat on. And that’s good to know about the credit score. My TD Aeroplan is my longest-standing card and it has a fairly large credit limit – plus I pay it almost every week – so I should be fine then.

  78. Tanner on July 4, 2019 at 11:48 PM


    I just came across your article here and was wondering if I could get your advice. I currently bank with RBC, have the WestJet card for daily spending and a Visa just in case.

    However, I live close to the US border and make trips there now and then. I hate converting cash because I get $250 USD and pay $375 CAD. I am interested in a no annual fee, no foreign transaction fee card for my trips to the states. Which card do you recommend?


    • Barry Choi on July 5, 2019 at 9:37 AM


      The Home Trust Preferred Visa or the Rogers World Elite Mastercard are your two best options.

      There’s also the STACK Mastercard which allows ATM withdrawals in USD with no forex fees.

      • Jeff on August 1, 2019 at 11:26 AM

        Any reason why you wouldn’t recommend the new amazon card? Seems like it is better than Hometrust.

        • Barry Choi on August 1, 2019 at 11:30 AM


          The new Amazon card for no forex is only really beneficial if you also shop a lot at Amazon. The Rogers World Elite Mastercard gives you better cash back while the STACK Mastercard allows you to make ATM withdrawals with no fees (minus the one time local ATM charge)

  79. Natalie on July 6, 2019 at 12:28 PM

    Hi Barry,

    Thanks for all the helpful info. I was wondering if you could advise me on my situation. I got the Scotia Visa Passport Infinite Card exactly a year ago and managed to hit the 40K right before my annual deadline. I have travel purchases that I want to apply the points to, just waiting for the extra 10,000 points to come through. I know that TD First Class Visa has a good signup bonus right now and the first year annual fee waived.

    How easy/difficult is it to switch my Scotia Visa into one of their other no-fee cards? Would I still be able to apply the points I have earned toward travel purchases I made on it? Also, do you think its worth it to sign up for the TD card? I am single and don’t generally spend more than 30K in a year (last year I bought a new car so that’s why it was more) so I try to stick to making most of my purchases on one card. I also have a Home Trust Visa that I haven’t been using since getting the Scotia Visa but could use it when abroad to avoid foreign transaction fees if the new Scotia doesn’t have that feature.

    What are your thoughts?

    • Barry Choi on July 6, 2019 at 2:28 PM


      If you want to keep a minimal amount of cards, you could downgrade your Scotiabank Passport card to the Regular Scotia Amex card or the no fee rewards Visa card. Both allow you to continue to earn Scotia Rewards so you wouldn’t lose any outstanding points. If you went this route, you wouldn’t have any lounge passes anymore.

      The TD FIrst Class Infinite Visa does indeed have a generous signup bonus right now so it’s definitely worth considering. As you noted, using that card in combination with the Home Trust VIsa could be a good wy to earn more points quickly while not having to pay foreign transaction fees.

  80. Natalie on July 6, 2019 at 8:26 PM

    Thanks for the advice. I will consider it some more.

  81. Wendy on September 6, 2019 at 8:49 PM

    Great tips! Thanks for outlining all the options available. We are traveling to Japan in December and saving on the foreign transaction fee will be helpful. Based on your post, I’ve decided on the Rogers World Elite Mastercard. Thanks again!

  82. Shahul on October 23, 2019 at 4:12 PM

    I don’t understand why rewards card is in this list, as it appears to have foreign transaction fees.

    All transactions and payments made in a foreign currency will be converted to Canadian dollars. Transactions will be converted at a rate equivalent to the benchmark rate set by the
    payment card network under which your card is issued in effect on the date that we process the transaction, plus an amount equal to 2.5% of the transaction amount after it has been
    Internal converted. Payments will be converted into Canadian dollars at a rate equivalent to the Bank of Canada rate reported at the close of business on the day immediately preceding the date
    that we process the payment, plus an amount equal to 2.5% of the foreign currency payment amount.

    • Barry Choi on October 23, 2019 at 5:16 PM


      If you’re an Amazon Prime Member, you get 2.5% back on purchases made in a foreign currency.

  83. Shahul on October 23, 2019 at 5:18 PM

    Ah Ok. Didn’t know about that. Thanks.

  84. Sharon on December 11, 2019 at 4:06 PM

    Home Trust Visa cardholders are going to lose their 1% cash back starting January 2020. I’m considering looking into a new card with no foreign transaction fee for my upcoming travel to the US. Which other card would you recommend? Could you explain more about the Rogers World Elite card where they convert to USD first then CAD? I guess if you are just using it in the US then you should be fine?

    • Barry Choi on December 11, 2019 at 4:10 PM

      Hi Sharon,

      The loss of 1% cash back only applies to purchases made in a foreign currency. That said, many people only use this card for foreign purchases so that’s significant. I’d say the Rogers World Elite Mastercard is the best alternative. You get charged the 2.5% fee, but you earn 4% cash back on foreign purchases. I honestly don’t really understand why they convert to USD first and then CAD. You still come out ahead due to the 4% cash back.

  85. Sharon on December 11, 2019 at 4:35 PM

    Thanks, Barry. Yes, that’s correct. I should have clarified that the downgrade applies only to foreign purchases. Rogers World Elite MC is certainly sounding more and more attractive now, only because the Scotia’s card with $139 annual fee is so high. The Scotiabank Gold Amex card is also a no foreign transaction fee card with a lower $120 annual fee. I believe in the US more merchants accept Amex compare to Canada, what do you think?

    • Barry Choi on December 11, 2019 at 4:41 PM


      The Scotiabank Passport Visa comes with good travel insurance and 6 free lounge passes so there’s good value there for the annual fee of $139. This assumes you need either of those benefits. I do agree that Amex is very common in the U.S. I also like the Stack Mastercard. There’s no cash back, but you can withdraw from ATMs without any fees.

  86. […] some of the best travel credit cards in Canada. The Scotiabank Passport Visa Infinite is a great no foreign transaction fee credit card and has a good earn rate of 2 points per dollar spent on grocery, dining, entertainment, and […]

  87. Jennifer on June 9, 2020 at 4:36 PM

    It would have been nice to have a true list of no foreign transaction fee credit cards. I have the Rigers card and it indeed charges you a fee, which I learned the hard way when I cancelled many hotel transactions and got a refun…minus the transaction fee.

    Please update your list to include those with NO FEE of any kind (not those who give rewards that equal the fee.)

  88. JKU on June 26, 2020 at 11:59 PM

    Beware the new rules with Home Trust Preferred Visa. 1% cashback now limited to CAD purchases.

  89. James on November 9, 2020 at 10:40 PM

    So for the Scotia passport visa. Is it just the exchange rate? Since zero (0%) FX.

    • Barry Choi on November 10, 2020 at 5:57 AM


      That’s correct, you just pay the exchange rate at the time of purchase.

  90. Carole Elliott on June 16, 2021 at 3:17 AM

    Hi Barry. Re Scotia infinite and the lounge. Can you please confirm:

    1. The actual pass is free, and there is usually a cost to this – if so how much is it.
    2. Can I use the six free passes for myself and my partner together. So it would be three free visits per year for both of us together. After that how much is a visit.

    • Barry Choi on June 16, 2021 at 7:35 AM

      Hi Carole,

      Yes, you can use the passes for your partner as long as you’re there with them.

      The 6 passes are free and normally cost $32 USD each. If you want to keep accessing lounges after you’ve used up all your passes, you pay the US $32.

  91. LauraH on August 6, 2021 at 12:29 PM

    Thanks for the summary and comparison, very useful.

  92. LauraH on December 8, 2021 at 12:25 PM

    Hi Barry,
    In late August I signed up for the HSBC World Elite MC. At the time it included a bonus of 20,000 points if you spent $5000 within 180 days. I recently discovered that in early October they increased the bonus points to 50,000. I’ve requested that they extend the additional points to my card but they won’t. I plan to go to the branch and ask there as well. Do you have any advice that could help me be successful with this request?

    • Barry Choi on December 8, 2021 at 1:01 PM

      Hey Laura,

      It’s highly unlikely that HSBC will give you the difference in points. Welcome bonuses always change, and rarely does customer service make exceptions. This applies to all credit card providers.

      • lauraH on December 8, 2021 at 1:03 PM

        Thanks, that’s helpful to know this is an industry standard even if it seems unfair.

  93. FRANK AUGUSTINE on December 31, 2021 at 5:12 PM

    Your “NO FOREIGN CURRENCY EXCHANGE FEE” list needs to be updated.

    BRIM has just recently cancelled its No Foreign Currency Exchange fee condition. I have cancelled my card today, because of that change.

    Please update your list.

    • don chisholm on December 31, 2021 at 5:41 PM

      Can you confirm this with a reference. I use the card and have no information about a no foriegn transaction fee cancellation. Their website has no information on this also.

    • Barry Choi on December 31, 2021 at 9:32 PM


      Can you please provide a source for this change?

  94. John Edmtrekker on March 24, 2022 at 1:12 PM

    Stack charge 2.5% foreign exchange transaction fees.

  95. Mr. Dreamer on April 5, 2022 at 9:11 PM

    Hello Barry,

    I think a little update needed here.

    Amazon card charges 2.5% FX Fees based on but Prime users get 2.5% back. Although, from my experience with Rogers WE MC which has similar strategy, you’d lose money if you buy / return something using this card as you will be charged the FX twice (5%) and then the points will be cancelled.

    Re STACK, sadly as of February 1, 2022, Foreign Exchange (FX) fees for the STACK Prepaid Mastercard was increased to 2.5%.


    • Barry Choi on April 5, 2022 at 9:21 PM

      Mr. Dreamer,

      You’re right about the Amazon card. If you were to return something, you would indeed end up losing close to 5%.

      As for Stack, they reimburse forex fees for the month if you spend $350 CAD.

  96. Soymilk on June 28, 2022 at 5:48 PM

    Hi–I’m confused about the Wealth Simple Cash Card information in the article.

    When I go to this site, it says that
    “Currency conversion fee: Visa will charge a currency conversion fee on purchases made in a currency other than CAD.”

    Is the info in your article is out of date? Or am I missing something?

    • Barry Choi on June 28, 2022 at 5:55 PM


      Visa automatically charges a fee to convert non CAD purchases. This rate is close to the official exchange rate. For example, you can see Visa’s rates here –

      Wealthsimple does NOT charge the additional 2.5% that many credit cards charge for purchases made in any currency besides CAD dollars. The $3 ATM fee is what’s charged by the local ATM, Wealthsimple does not charge an additional fee when using foreign ATMs.

      • hazypictures on June 30, 2022 at 10:08 AM

        Hi Barry,

        Does this mean that for the Wealthsimple card, I should input 0% in the bank fee box of the VISA rate calculator (the default is 2%) to see what the currency exchange would cost?

        The CIBC AC Conversion Card seems interesting for an upcoming trip to multiple countries. I believe that I could send the foreign currency from my EQ Bank savings account directly to the card. EQ uses Wise for foreign transfers at mid-market rate with transparent fees and no FX. However, if my spending is low, it may not be worth the effort of all the additional work and dealing with the leftover balance in each currency. What do you think?

        • Barry Choi on June 30, 2022 at 10:23 AM


          That’s correct, you would input 0%. The currency exchange is sort of irrelevant since you wouldn’t have access to the officially currency exchange rate. Only banks have access to that. The markup the Visa charges to process the exchange is minimal.

          For example, let’s look at the currency exchange rates as of right now (June 30_

          XE (official exchange rate) – 1 CAD = 0.77497962 US Dollars
          Visa – 1 CAD = 0.778755 USD

          The CIBC AC Conversion Card is good for people who like to prepay and lock in their currencies. It’s obviously handy too for those who are travelling to different countries with different currencies. That said, CIBC would still charge a markup when you convert to the currencies. Some people also like the CIBC card since it’s issued by a reputable bank.

          I personally prefer to use a card with no fx baked in at all like the Wealthsimple Card.

          • hazypictures on July 9, 2022 at 10:54 AM

            Thx for the answers. I just noticed that the EURO is trading at a 9 yr low and it might make sense to purchase some euros for a fall trip to Europe. I was thinking of putting it on the CIBC card but then found that Wise also has a multicurrency debit card. Do you have any experience with or knowledge of the Wise Visa Debit card?


          • Barry Choi on July 9, 2022 at 7:23 PM


            I haven’t used the new Wise Visa Debit card, but I’ve heard good things about it.

            That said, I don’t try to time purchasing currency. I personally just prefer to use a card with no forex fees.

          • Ben on July 14, 2022 at 1:34 AM

            Just something worth noting. When you compare the exchange rates with EQ Bank via Wise compared to using Wise directly ther’s a small markup if you use EQ Bank. Also, is you happen to be paying a fee with Wise it’s cheaper to just use the Visa exchange rate with a no fee credit/debit card IMO.

            As of today… $1000 CAD buys you in EGP
   $1000 CAD to Egyptian Pounds is 14540 EGP
            EQ Bank via Wise = 14363 EGP (fee of $12.28 CAD)
            Wise directly = 14405 EGP (fee of $9.41 CAD)
            Visa fx rate = 14420 EGP

            I’m using Eqyptian pounds, but the difference is better with all currencies when using Wise directly or Visa… Assuming spot trading the forex and not timing your transactions

      • Soymilk on October 29, 2022 at 1:07 PM

        Thanks for the explanation Barry. I went ahead and got the Wealthsimple card.

        I signed up for the BRIM Mastercard, the one with no annual fee. I was approved, but it’s been 26 business days and I still don’t have the physical card. Their welcome email said “10 business days”.

        I emailed customer service after waiting 14 business days. I was told to give them another 10 days “and you can use the card online in the meantime.” But I was planning to do shopping in stores while on a foreign trip, folks…..

        Just an FYI. BRIM doesn’t seem to be a card to get if you’re leaving soon for a trip.

        • Soymilk on January 4, 2023 at 8:22 AM

          I never did end up with a physical card-even after repeated emails to support. BRIM stopped replying. I was also receiving messages that someone was trying to reset the password for my account. So, in January, after 3.5 months with no success at getting my physical card, I called BRIM, waited on hold for 30 minutes then closed the account.

  97. WeirdG on July 5, 2022 at 11:50 AM

    The annual fee of the Scotiabank Passport Visa Infinite Card is going up to $150 on October 1st, 2022.

    Is it still a good credit card to get even with the upcoming fee increase?

    I have a Rogers World Elite Mastercard, but I want a card that can do more for me while offering no foreign exchange fees or cashback that will negate the forex fee. Ideally I want to cut down to one credit card so all of my transaction would be made on it (conservatively $30K/year).

    I don’t travel a lot. I want a card that will benefit my lifestyle. I’d use it as my day-to-day card for everything (gas, groceries, restaurants, online purchases domestic/international). I don’t have a Costco membership, but I do have Amazon Prime.


    • Barry Choi on July 5, 2022 at 12:18 PM


      The lounge passes are still worth more than the annual fee, but that’s only relevant if you use them all.

      If you don’t travel much, you’re probably better off with the Wealthsimple Cash Card just for travel purchases since it has no fees.

      I would then recommend getting a separate card for your day to day purchases such as the American Express Cobalt card (if your grocery store accepts Amex) or the Tangerine Money-Back Card.

  98. Chris on February 22, 2023 at 2:08 AM

    Hello Barry,

    Do you know if STACK charges foreign transaction fees on ATM use?

    Or on international purchases?

    I suspect they do.

    Thank you!

    • Barry Choi on February 22, 2023 at 9:05 AM

      Hey Chris,

      FX fees are charged but refunded if you meet the minimum monthly spend requirement. It’s likely easier for you to use Wealthsimple or EQ Bank since there’s no minimum spend requirement.

  99. Christopher on March 28, 2023 at 6:17 AM

    Thanks for the reply and the information on your website Barry!

    Can you clarify please: if I use a ScotiaBank credit card in Turkey, at a Scotia Bank Global ATM Alliance partner ATM (TEB in Turkey), does ScotiaBank still charge their $5 International ATM fee?

    Does ScotiaBank’s Global ATM Alliance partner still charge there ATM fee?

    Thanks again!

    • Barry Choi on March 28, 2023 at 9:08 AM

      Christopher, you’d have to read your cardholder agreement.

      Note that unless you have prepaid your card an excess amount, an ATM withdrawal would be considered a cash advance which would come with high fees.

      Also, I don’t think the no FX applies to ATMs, so you might as well just use your debit card or a no FX prepaid card like EQ Bank.

  100. Chris on April 7, 2023 at 6:36 AM

    Hi Barry,

    “I don’t think the no FX applies to ATMs.”

    Interesting – I didn’t know that. I think STACK is refunding it, but I need to double-check that.
    I’m also going to contact EQ and WealthSimple to see if they charge FX at ATMs.

    “so you might as well just use your debit card.”

    How does this allow me to avoid ATM fees?
    Would I avoid a FX charge using a debit card? I think Tangerine would be the only debit card option, considering all of this. Agreed?

    Thanks again!

    • Barry Choi on April 7, 2023 at 10:08 AM

      Hey Chris,

      STACK does refund ATM fees if you meet their minimum monthly spend requirement.

      In the case of the user, I was just saying it makes no difference in their situation since they’d be paying fees either way.

      I personally use the EQ Bank card to avoid FX fees these days.

  101. Dale Schoffer on September 28, 2023 at 7:43 PM

    I try to maximize my benefits back from using credit cards. However, I have not found a card that meets my needs in Canada AND ALSO gives me some sort of benefits in the USA for $USD transactions. We spend months in the USA each year and use a TD $USD Visa to avoid foreign exchange conversion costs, but we get zero points for using that card. Is there a $USD credit card for Canadians that will earn us some benefits?

    • Barry Choi on September 28, 2023 at 9:15 PM


      USD based cards don’t typically earn you points. You’re better off using a card like the Scotiabank Passport Visa Card since it has no fx fees and earns you Scene+ points.

      If you have a U.S. Address, it might be worthwhile applying for a U.S. credit card (from a U.S. Financial institution) that earns you points.

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