Canadian Amazon Visa card

Marv_barr

Mouseketeer
Joined
Jul 16, 2016
Hello Fellow Canadians l just received notice that Chase will be closing all Amazon credit card this March within Canada. So there goes the no annual fee and the no foreign exchange change. We use this card primarily for purchases in the US included would be our annual Disney trip. Any suggestions on a replacement card that offers similiar benefits. Thanks
 
  • starry_solo

    DIS Veteran
    Joined
    Nov 19, 2010
    Are all the Capital One cards free from the foreign exchange fee? I have one but I've never used it for US purchases. Maybe I should read my fine print!
    They advertise in the U.S. as being free of exchange fees. I don't have one. When I used to travel internationally, I would pay cash (euros or pounds) and use the credit card for larger purchases only and paid the 3% fee.
     

    von Monster

    Earning My Ears
    Joined
    Apr 17, 2016
    Are all the Capital One cards free from the foreign exchange fee? I have one but I've never used it for US purchases. Maybe I should read my fine print!
    No - they charge 2.5% same as pretty much everyone else. Your only option left in Canada are the Hometrust Visa (0%) or the Rogers Bank Cards (2.5% but to compensate the rate of return is 4% on foreign transactions)
     

    von Monster

    Earning My Ears
    Joined
    Apr 17, 2016
    They advertise in the U.S. as being free of exchange fees. I don't have one. When I used to travel internationally, I would pay cash (euros or pounds) and use the credit card for larger purchases only and paid the 3% fee.
    Most US cards are 0% foreign exchange (past the daily posted rate) - the 2.5% is a Canadian thing, in the US AMEX is 0% but here they charge 2.5%
     

    Marv_barr

    Mouseketeer
    Joined
    Jul 16, 2016
    Thanks for the info. We drive down once a year so maybe I will also look into a travel rewards for hotels.
     
  • deedubb

    Always Grumpy, except when at Disney!
    Joined
    Feb 12, 2017
    The Marriott Visa has no forex fee, however, the card itself has an annual fee. You get one free stay every year at a Marriott hotel though (in a category 1-5 hotel), so the annual fee is basically a wash.
     

    starry_solo

    DIS Veteran
    Joined
    Nov 19, 2010
    Most US cards are 0% foreign exchange (past the daily posted rate) - the 2.5% is a Canadian thing, in the US AMEX is 0% but here they charge 2.5%
    All my credit cards - Chase, Citi, Discover - charge a foreign transaction fee. I never used my AMEX though, out if the country. I always brought my master card and visa since those are more universally accepted than Discover and AMEX. Although I remember seeing a sign with DINERS CLUB logo and was like, wow, I haven't seen that in a long time.
     

    von Monster

    Earning My Ears
    Joined
    Apr 17, 2016
    The Marriott Visa has no forex fee, however, the card itself has an annual fee. You get one free stay every year at a Marriott hotel though (in a category 1-5 hotel), so the annual fee is basically a wash.
    Also being canceled March 15, so not really worth mentioning as an option.

    All my credit cards - Chase, Citi, Discover - charge a foreign transaction fee
    Never used either Citi or Discover, but I know Chase doesn't (just checked the Sapphire Preferred, others cards might) and AMEX doesn't on it's 'higher' end cards.
     

    22Tink

    BC, Canada
    Joined
    Apr 25, 2015
    No - they charge 2.5% same as pretty much everyone else. Your only option left in Canada are the Hometrust Visa (0%) or the Rogers Bank Cards (2.5% but to compensate the rate of return is 4% on foreign transactions)
    Thanks, I figured it was probably too good to be true.
     
  • deedubb

    Always Grumpy, except when at Disney!
    Joined
    Feb 12, 2017
    Also being canceled March 15, so not really worth mentioning as an option.
    Where did you hear this? I read online somewhere that they were no longer accepting applications as of Sept 2017 yet it still looks like they are according to their website. I have not heard anything about this card being canceled.
     

    von Monster

    Earning My Ears
    Joined
    Apr 17, 2016

    Donald - my hero

    <font color=blue>Aww yes. The dreaded "mouse hand"
    Joined
    Jun 11, 2006
    BMO has a USD Mastercard that we picked up last year. There is a $35.00 annual fee that is reimbursed if you charge $1000 in a year. You have to pay it in US funds, which means if you don't have an account there you'll need to get the cash and take it in to pay the bill. No foreign transaction fee.
    BMO US Mastercard
     

    isabellea

    Combining beach and Disney!
    Joined
    Jan 22, 2014
    BMO has a USD Mastercard that we picked up last year. There is a $35.00 annual fee that is reimbursed if you charge $1000 in a year. You have to pay it in US funds, which means if you don't have an account there you'll need to get the cash and take it in to pay the bill. No foreign transaction fee.
    BMO US Mastercard
    So sad that the Amazon Visa card is dropped by Chase. Maybe Chase is stopping all operations in Canada?!?

    Thanks for the tip Jacqueline! BMO is our bank and we already have a USD account with them. Not as good as the Amazon Visa since we have to pay the foreign transaction fee when converting CAD to USD to put in account but for those who get paid USD or get some USD money from other source than converting CAD to USD, it's not bad!
     

    efrant

    Mouseketeer
    Joined
    Jan 4, 2017
    Yeah, unfortunately both Chase Visa cards (Amazon and Marriott) are shutting down as of March 15th. I just received my letters stating that. As von Monster indicated, the only options now (for those that don't have USD income) are the Hometrust Visa or the Rogers MC or the Fido MC. Nevertheless, using a high-earning rewards card (such as the Amex SPG card for example) and eating the 2.5% forex fee is still better than using a non-rewards Canadian USD credit card for those with no USD income.
     

    bcwife76

    DisneyMomma
    Joined
    Dec 10, 2014
    Ugh, I'm so annoyed, saw the announcement on their site when I logged in Friday night. Grrrrr.

    I've applied for the TD US Visa; it has an annual fee of $39 but no forex conversion fee so we'll see how we like this card. Dang it. No $20 automatic credit once you reach $2,000 like Amazon Visa though :sad2:
     


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