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Old 11-07-2007, 07:54 AM   #1
JenH1969
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US Dollar Credit Card with no annual fee??

I thought I read somewhere that there is one around- but I can't find the info- I know CIBC has one but it has an annual fee- anyone know about one without an annual fee?

TIA, Jen
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Old 11-07-2007, 08:05 AM   #2
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Quote:
Originally Posted by JenH1969 View Post
I thought I read somewhere that there is one around- but I can't find the info- I know CIBC has one but it has an annual fee- anyone know about one without an annual fee?

TIA, Jen
I think I remember reading BMO has one, but it is not available online. I'm thinking of getting one this week.

Can someone confirm this card has no fee?
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Old 10-28-2012, 10:01 PM   #3
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Quote:
Originally Posted by Cruiser1969 View Post
I think I remember reading BMO has one, but it is not available online. I'm thinking of getting one this week.

Can someone confirm this card has no fee?
There is a 25 annual fee but if you spend 1000.00 over the year it is generally waved! Hope this helps
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Old 11-16-2012, 12:58 PM   #4
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I posted this in a different thread, had no idea there was a sticky for this . Anyhow, I thought I'd update with current information, in case anyone is interested...

So, I've done some research, and I've come up with some good stuff for us Canadian DVC owners:

RBC has a unique product, that is aimed at Canadian snowbirds. You can open up an RBC Bank US Access bank account right from a Canadian RBC branch. It's a real US bank account, with free cheques, and a Visa debit card, for $2.95/mth. It can be fully linked with an RBC Canadian $ bank account (free), as well as an RBC Canadian USD bank account (also free), with one sign in. This allows you to move money from your US Access account in the US to either account in Canada, instantly and online. You can use the US Access account to set up monthly payments for your DVC Annual dues.

The other unique feature is that these are (reportedly) the only USD bank accounts that can be fully linked to your Canadian Paypal account and will allow you to move USD from Paypal into either your US Access account, or into your Canadian USD account, therefore keeping the money in USD's and not having to incur Paypal's crazy foreign transaction fees. If you're regularly renting out points, this can save quite a bit of money.

So, I have gone ahead and set this all up . Note: I don't bank with RBC. I just walked into my local branch, told them I wanted to open a US dollar savings account (called e-savings) and a US Access account. They knew exactly what I was talking about. Someone was available, and we got everything done in about 45 min's (including chit chat). I also opened a free Canadian $ everyday banking account, to get the debit card and be able to do online banking. The two RBC Canada bank accounts were good to go right away, the US Access application was sent to the U.S. from the bank.

A week later, I received my US Access banking information. I called the number, and a very efficient employee from RBC Bank (USA) talked me through setting up my online banking, subscribing to e-statements, linking this account to my Canadian RBC accounts, ordered my cheques, and my Visa debit account. Easy-peasy.

I have since successfully linked both the US Access account and the USD e-savings account to Paypal, and confirmed that I can send money both ways, with no fees. (There is a trick here, you have to use a very specific routing number for the e-savings account, and it's not the one the bank will give you, this is where the research helped). I have also sent money to both USD accounts using XE.com.

So now, I can pay my mf's monthly, and I can accept point rental payments via paypal without paying a currency conversion transaction fee.
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Old 11-16-2012, 05:52 PM   #5
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This isn't new..I've had it for about 2 years now
Works like a charm!!!
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Old 11-17-2012, 10:04 AM   #6
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Yeah, sorry, I had written this in response to a post in a different thread, and just copied and pasted here. In the other thread, the posters seemed to think that they had to go to the US to open a bank account.

Here, the last post about this account goes back to 2011, and there was some question then as to whether the account would still be available. So I thought I'd give some current information about it.

And I'm very happy with it. Too bad BMO didn't have the same kind of product.
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Old 11-07-2007, 08:08 AM   #7
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I believe that BMO's Air Miles credit card is fee free as along as you pick the lowest reward option (1 AM/$40). I think you have to go into the branch to ask about it because I don't remember seeing anything on their web site. The last time I went to ask, the teller offered me some extra Air Miles if I brought back my application to her - I guess they get some kind of bonus for signing people up.
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Old 11-07-2007, 08:33 AM   #8
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Bank of Montreal Mosaik U.S credit card no annual fee
I think this is the link:
http://www.fcac-acfc.gc.ca/eng/publi...USDollar-e.pdf
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Old 11-07-2007, 11:42 AM   #9
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Yep

BMO's has no annual fee - just received mine today!
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Old 11-07-2007, 11:53 AM   #10
JenH1969
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How did you apply for it? I have looked at the BMO site online but do not see the US card- thanks, Jen
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Old 11-07-2007, 12:10 PM   #11
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I was accosted by an teller when I was in a couple of weeks ago. He filled out the form and I signed. It is the Mosaik (US dollar) if that helps...
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Old 11-09-2007, 06:16 PM   #12
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Quote:
Originally Posted by wee-haggis View Post
Bank of Montreal Mosaik U.S credit card no annual fee
I think this is the link:
http://www.fcac-acfc.gc.ca/eng/publi...USDollar-e.pdf
Thanks for this link. I remember another post had this but I couldn't remember which one.
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Old 11-10-2007, 01:10 PM   #13
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I have a Target Visa which has no annual fee. This is easiest for me since I work in the U.S. I had a Citi bank U.S. dollar Mastercard previous to that, so when I called to cancel it once I got the Visa (because it had a $36 yearly fee) it magically got waived when they found out why I was cancelling. Amazing how that happens! Just have to ask!
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Old 11-13-2007, 09:20 AM   #14
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bmo employee here. no, we do not get any bonus for selling you a mastercard. we are encouraged to get you to have one . it makes for loyal clients and of course, the hope is that you will run a big balance and pay them interest and not another company. putting all that aside, it is one great deal so i suggest to anyone that i know could possible have a need that they get one. since there is no fee involved, even if you only us it say once every other year, why wouldn't you have one. and with the dollar the way it is right now, i can see loads more people getting us charge cards. i just do not see why anyone would pay for the privilage of having one . after all, your doing the company a favor, not the other way around.
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Old 11-07-2007, 01:33 PM   #15
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Here's the web link

Hi -

It is difficult to find. Even as you fill out the form it doesn't hit you in the face that it is a USD credit card. Just google "BMO US dollar credit card" an see the sponsored link.


Here's the link:
http://www3.bmo.com/mosaik/perform_p...L_CODE=6501007
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