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Another excellent option is The Rogers Platinum Mastercard which now gives you 3% cashback rewards on all purchases in a foreign currency and 1.25% cashback rewards on all other purchases – one of the richest flat cashback rewards rates for a no annual fee card in Canada.
Rogers Mastercard’s foreign transaction subsidy is structured differently than the Home Trust Preferred Visa Card’s fee waiver, but still offers significant value.
The good news is that a select few credit cards in Canada, like the Home Trust Preferred Visa, Rogers Platinum Mastercard and Scotiabank Passport Visa Infinite make up for or waive the fee so that you’re not charged at all.
Not to mention it also wipes away the 1-2% in rewards you thought you were earning.The most impressive is the 6 annual VIP airport lounge passes and Priority Pass membership, and this is complemented by valuable travel insurance, including travel medical protection and much more.Greedy Rates Staff Hey Samseer, thanks for the very specific question!Rogers offers 3% cashback rewards on purchases in a foreign currency, but charges 2.5% in foreign transaction fees – the net cashback rewards rate is thus 3% – 2.5% FX fee = 0.5% in net cashback rewards.Finally, the best of the bunch is the Scotiabank Passport Visa Infinite card.Any act to promote or gain profit in any manner (e.g.either monetarily or socially) from the use of my profile, video, pictures or audio in any form my profile is a violation of my privacy and subject to legal action.Many Canadians are in for a nasty surprise after a trip abroad.The bad news is most Canadian credit card companies add a 2.5%-3% foreign transaction fee to each purchase that cardholders make outside the country.BY WATCHING THIS: You acknowledge and agreethat you shall not post, upload, publish, transmit or make available in any way content of this page including images and recording streamed live video available for download.This is intended as, and presented as a one time, live, one view presentation only.