Credit Cards Canada

The Best No Foreign Transaction Fee Credit Cards of Canada

Consider this scenario, you are on a beautiful holiday in Paris. You visited the Louvre Museum and marvelled at the wondrous artefacts, you walked along the banks of the River Seine and stopped at a wonderful restaurant to indulge in a meal of Duck Confit and Escargot. After that, you took a romantic walk with your partner all the way to the Eiffel Tower. On the way, you stopped to eat some crepes as well. Once you reached the Eiffel Tower, you bought the tickets to go to the second level and marvel at the sight of one of the most beautiful cities in the world. You paid for all these awesome things using your incredibly useful international credit card. After you finish your spectacular French holiday and fly back home to Canada, you were confronted with your credit card bill. On that bill, you saw that you have been charged an extra 2.5% over the amount you spent during your holiday in Paris. Boom, the truth dawns on you. It’s a fact that is unknown to most credit card users, but most credit cards in the market today charge foreign transaction fees from their customers. If you make any payment using non Canadian currency (like buying entry tickets to the Louvre, Paris and paying in Euros), you will end up paying almost an extra 2.5% over the price of what you have purchased. Not only do you pay based on the prevailing exchange rate, but you also pay an extra 2.5% over that. If you are a frequent international traveller or you make frequent purchases using your credit card and pay in foreign currencies, you will end up racking up a massive amount of money paid as a result of the foreign transaction fees. However, don’t fret, there is a way for you to save yourself from paying all the extra foreign transaction fees. Enter the No Foreign Transaction Fee Credit Cards. These cards will let you continue to purchase using foreign currencies without forcing you to pay a bomb in the form of foreign transaction fees. In this post, we will talk about the very best no foreign transaction fee credit cards of Canada. We will talk about their pros and cons so that it becomes easier for you to choose the best one for yourself. Read more about No Foreign Transaction Fee Credit Cards of Canada

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