SailNet Community - View Single Post - Canadian Credit cards to travel with
View Single Post
post #4 of Old 11-04-2013 Thread Starter
Senior Member
MikeOReilly's Avatar
Join Date: Apr 2010
Location: Wherever I am
Posts: 2,430
Thanks: 205
Thanked 113 Times in 103 Posts
Rep Power: 8
Re: Canadian Credit cards to travel with

Originally Posted by Minnewaska View Post
Don't be duped by the foreign transaction fee avoidance. I can't speak for Canadian banks, but this isn't as clear as it seems in the US. Often, those that claim to have no fee will simply adjust the exchange rate and make even more and its substantially harder to tell, unless you are seriously studied on daily exchange rates. The fee can be a better deal.
I've seen this mentioned by others (well, one other responder), but wouldn't it be a case of outright fraud? Not saying you're wrong, b/c g-d knows I'm sure these banks will always do what they can to squeeze as much $$ out of us as possible. But I would think this would be a relatively easy thing to show, and would quickly result in law suits or even a class action.

Any class action lawyers reading this?

Why go fast, when you can go slow.
MikeOReilly is offline  
Quote Share with Facebook
For the best viewing experience please update your browser to Google Chrome