im going to the states tommorow and with the canadian dollar the same as the amercanin, does anyone know if i use mastercard to buy stuff i will i get dollar to dollar??
2007-09-22 18:28:38 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit
The credit card company has its own rate based on monthly wall street jounal for the foreign currency exchange, plus fees( 1% to 3%). So you can't get rate exactly as the rate today.
2007-09-22 18:43:05 · answer #1 · answered by tom c 7 · 0⤊ 0⤋
You'll be billed in your mastercard according to your local currency. If you're from Canada, all your purchases will be converted to Canadian dollars in your billing. You'd normally lose a few centavoes on the conversion but it's very minimal. It's a good price to pay for safety rather than bringing too much cash.
2007-09-22 18:37:15 · answer #2 · answered by Lorna 3 · 0⤊ 0⤋