Is there a way for a Canadian to buy stuff in U.S either by Online or shop in U.S by credit card without the conversion fees? Is there such a credit card like that? or what's the best way to do this?
2007-10-30 15:29:05 · 9 answers · asked by rk 2 in Business & Finance ➔ Personal Finance
I don't have a great answer, but what I did was open bank accounts in both countries and have credit cards in both countries. I use my US cards in the US and Canadian cards in Canada.
I use Canadian banks to change my US dollars into Loonies as they have lower fees and better market exchange rates than US banks.
That way I get my money exchanged at the best rates and have no foreign transaction fees.
This makes sense for me because I spend a lot of time in both countries.
2007-10-30 16:02:32 · answer #1 · answered by BAL 5 · 0⤊ 0⤋
All of these answer have some interesting and sometime incorrect information, I am a Canadian, and travel to Niagara Falls and Buffalo areas frequently, you can use US$ or credits cards, if you were going to be in Canada longer and further away from the border, you might choose to have some CAN$. But a weekend trip to the Niagara region an area were tourisum and the American $ flows freely, do not bother with the exchange, pay for what you want with paper money and the hotels with your CC, you will save on the exchange. When your bill arrives it will be less than the amount you paid in the first place, on longer trips and there can be a difference in rates of exchange depending on the daily rate, fast food places and malls generally give the closest, smaller stores outside the tourist areas can be less generous.
2016-05-26 03:59:41 · answer #2 · answered by ? 3 · 0⤊ 0⤋
How about getting a credit card with an American bank?
2007-10-30 15:31:53 · answer #3 · answered by treebird 6 · 0⤊ 0⤋
There is no such a credit card like that.
2007-10-30 15:37:17 · answer #4 · answered by greβ 6 · 0⤊ 0⤋
I dont think you can have any, try CapitalOne card which charges the lowest conversion rate for my country. There is a capitalone card for canada too, worth looking into it.
http://www.capitalone.ca/
2007-10-30 16:07:10 · answer #5 · answered by Prasad 2 · 0⤊ 0⤋
forget the 89 cent to our dollar i thought hey save 10 cent for every dollar i spend going into Winnipeg but for the same product i get down here its much more expencive up there , clothing yikes, hey most things will configure out to be the same price and some cheaper.
2007-10-30 15:37:07 · answer #6 · answered by Jode 3 · 0⤊ 0⤋
Nope good try though! The best help I can give you is to just pay the conversion fee....
BJC
2007-10-30 15:32:34 · answer #7 · answered by Blake C 1 · 0⤊ 0⤋
the card automaticly does it....
besides, the rate is 1 to 1 right now.....
shop away
2007-10-30 15:31:44 · answer #8 · answered by bill h 2 · 0⤊ 0⤋
Nope. Sorry.
2007-10-30 15:31:43 · answer #9 · answered by slipstreamer 7 · 0⤊ 0⤋