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Old 05-31-2008, 09:52 AM   #91
KLondon
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The big advantage of a USD credit card is that you avoid the hidden conversion fee. When you use a CAD credit card to make purchases in other countries (i.e. the USA), you pay the exchange rate PLUS a conversion fee in the neighbourhood of 2% of your transaction total.

With the USD card, you avoid the conversion fee and you can take advantage of exchange rates that will always be better than what you would pay on a CAD card - i.e. you are in control of when you convert cash from CAD to USD to pay off your USD card.

Bottom-line: You save significant dough.

Disclaimer: I working in the banking industry
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Old 05-31-2008, 05:55 PM   #92
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OMG I had no idea about this conversion fee. Makes sense then even for singles who go to disney alone to have one of these.
thanks guys.
Gina in Vancouver BC
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Old 08-14-2008, 08:18 PM   #93
beavdisfan
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try t.d. u.s. visa
no fee that i know of just got it last month
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Old 08-16-2008, 07:45 AM   #94
Exp.626Stitch
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I went to the TD US visa site and it says that there is ana annual rate of $25.
Other than BMO is there any other banks that offer a no fee US visa?
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Old 08-16-2008, 07:47 AM   #95
minnie56
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I have an RBC USD Visa. No annual fee.
I think fees are often related to what kind of bank account you have with the Bank? I also have no fees on my RBC Avion Visa.
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Old 08-24-2008, 01:53 PM   #96
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Unhappy

RBC US dollar visa... I was just on the phone with them and they told me that it's a min $5000.00 limit and there is a $65 fee with it.

I spoke to the bank and was talking about travellers cheques and other various ways to hav emoney down there without having an extra charge on my CC.
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Old 08-24-2008, 10:04 PM   #97
minnie56
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As mentioned above..the fee is often related to the type of account you have with the Bank. That's pretty hefty..
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Old 10-05-2008, 05:49 PM   #98
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We have a BMO USD no fee mastercard and its fantastic! Just wish I could get one of those Chase Disney Visa's though
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Old 10-22-2008, 07:08 AM   #99
shydonna
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I have an RBC USD Visa for four years, and I pay the annual fee, and I earn reward points to use toward park tickets, airfare, etc. It is definitely worth the fee IMOA on this card as the "perks" attached to it save me money on car rental, insurances, etc.
Plus, I don't have the pay the exchange rate on my CAD visa card (2.5% additional exchange fee on all card conversions, with all Banks).
Best option out there!
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Old 10-30-2008, 08:39 AM   #100
DearDaisyinDurham
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Quote:
Originally Posted by realfam View Post
We have a BMO USD no fee mastercard and its fantastic! Just wish I could get one of those Chase Disney Visa's though
ditto! bring the Chase Disney Visa to Canada!!!
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Old 02-20-2009, 11:41 AM   #101
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Originally Posted by DearDaisyinDurham View Post
ditto! bring the Chase Disney Visa to Canada!!!
I want one too!

We just got back from a trip and are considering opening a US $ bank account for our left-over cash, plus all the US coins that accumulate throughout the year -- we don't really want to pack the pennies again. Does anybody do this?
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Old 02-20-2009, 12:09 PM   #102
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Originally Posted by redrosesix View Post
I want one too!

We just got back from a trip and are considering opening a US $ bank account for our left-over cash, plus all the US coins that accumulate throughout the year -- we don't really want to pack the pennies again. Does anybody do this?
I have a USD acct & MC at BMO. My experience is the only drawback is that they will NOT take US change. I can give them bills to put in my US acct or apply against the MC, but they will not take US change (as US money...they'll take it rolled as Canadian, or mixed with rolled Canadian).

Don't know if any other banks take it, but I doubt it.
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Old 02-20-2009, 04:33 PM   #103
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I don't think that most banks will take US change. One thing you can do is to stop by the gift shop or the front desk before you leave the hotel and get them to convert your coins into dollar bills.
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Old 02-21-2009, 05:14 PM   #104
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Quote:
Originally Posted by shydonna View Post
I have an RBC USD Visa for four years, and I pay the annual fee, and I earn reward points to use toward park tickets, airfare, etc. It is definitely worth the fee IMOA on this card as the "perks" attached to it save me money on car rental, insurances, etc.
Plus, I don't have the pay the exchange rate on my CAD visa card (2.5% additional exchange fee on all card conversions, with all Banks).
Best option out there!
How do you get park tickets from RBC points? I was cruising the site and couldn't see park tickets.
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Old 03-16-2009, 06:26 AM   #105
Honeystar120608
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Hello, question on the us dollar bank account. We use TD, love love love TD. WE have a newly opened savings account with a 2.5 interest tax free. Which is great, but would a US bank account be better? How do they work in fact? Im so new to the idea, I really dont know anything. DO you trade when the dollar is good? Im not sure of the right questions to ask exactly.
Hope someone can help.
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