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Old 11-27-2012, 01:32 PM   #1
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Default Amazon.ca Rewards Visa Card No Foreign Transaction Fees

This will be of interest to Canadians who travel to the U.S. and / or purchase items from the U.S.

Amazon.ca Rewards Visa Card - No Foreign Transaction Fees

http://www.amazon.ca/gp/cobrandcard/marketing.html

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No Foreign Transaction Fees - We convert transactions made in foreign currency at the exchange rate set by Visa International. The card is issued by JPMorgan Chase Bank, N.A.
U.S. dollar purchases will be converted at the exchange rate but you won't have to pay a fee for that. Foreign Transaction Fees are typically 2.5% - that equates to $50 in transaction fees per $2,000 spent and converted.

List of Canadian credit cards and fees: http://www.fcac-acfc.gc.ca/eng/resource ... ab-eng.asp

The Amazon card does not have an annual fee and you earn 2 points for each $1 of eligible net purchases made at Amazon.ca and 1 point for each $1 of all other eligible net purchases. So not only do you save the foreign transaction fees you also can get around 1% credited back to the card. ($20 back for $2,000 spent on non Amazon.ca purchases)

I don't have one but it is worth looking into if you travel or purchase items from the U.S. frequently.
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Old 12-04-2012, 01:03 AM   #2
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Default Re: Amazon.ca Rewards Visa Card No Foreign Transaction Fees

Where can I get one? Is it through Amazon.ca? Or do I have to go to the US and try to open an account with JP Morgan Chase?
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Old 12-04-2012, 01:24 AM   #3
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Default Re: Amazon.ca Rewards Visa Card No Foreign Transaction Fees

I fixed the link above.

http://www.amazon.ca/gp/cobrandcard/marketing.html

Yes, you have to apply online at Amazon.ca
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Old 12-04-2012, 02:57 AM   #4
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Default Re: Amazon.ca Rewards Visa Card No Foreign Transaction Fees

Most excellent. I shall be investigating.

This was the response to my "how to" query,

"Hello from Amazon.ca,

The JP Morgan Chase credit card is issued by Chase. You'll need to contact Chase if you have any questions.

I'm also including contact information for Chase below if you'd like to contact them for further assistance:

English: 1-866-557-7811
French: 1-888-514-2015

I hope this helps. We look forward to seeing you again soon."

While investigating this, I also found that some of the Sears Mastercards also have 0% foreign currency conversion fees, with some limitations in the cardholder agreement. There's a Sears near me, so I'll probably go see what they actually have to offer, sometime soon.
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Old 12-14-2012, 02:17 AM   #5
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Default Re: Amazon.ca Rewards Visa Card No Foreign Transaction Fees

Waiting for a Sears MC.
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Old 12-18-2012, 03:56 PM   #6
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Default Re: Amazon.ca Rewards Visa Card No Foreign Transaction Fees

Visa Exchange Rates:
http://corporate.visa.com/pd/consume...r_ex_rates.jsp
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Old 12-18-2012, 05:07 PM   #7
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Default Re: Amazon.ca Rewards Visa Card No Foreign Transaction Fees

Got the Sears MC today. Will update the thread when we get our first bill.
I am hopeful that it will be a nice addition to our arsenal of money saving travel weapons.
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Old 12-18-2012, 10:34 PM   #8
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Default Re: Amazon.ca Rewards Visa Card No Foreign Transaction Fees

So far, so good. I now await my first bill.
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Old 01-17-2013, 03:35 PM   #9
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Default Re: Amazon.ca Rewards Visa Card No Foreign Transaction Fees

First bill arrived. No unexpected fees or added anything that I can see.
And no apparent currency conversion fee added when converting US$ purchases into C$.
When converted, with our C$ valued slightly higher than the US$, we actually owed less per transaction, as I expected, and the converted amounts seem to be based on the average currency exchange rate in effect at the time of conversion, or so it appears.
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Old 01-18-2013, 09:43 PM   #10
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Default Re: Amazon.ca Rewards Visa Card No Foreign Transaction Fees

Same experience here Mike. All US$ purchase are at slightly better than par and no fees tacked on.
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