Canada’s 4 Best TRAVEL Credit Cards with No Foreign Transaction Fees

Рет қаралды 15,442

Күн бұрын

The problem with a lot of travel credit cards is that they penalize you while travelling, which kind of defeats the purpose 😡 BUT there are a few (like this one: bit.ly/4bcRzJ9) that reward you for experiencing new cultures 👇👇
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📣 Canada’s 4 Best TRAVEL Credit Cards with No Foreign Transaction Fees
Compared to our American cousins, Canadians suffer at the hands of high (and usually unnecessary) foreign transaction fees, which is crazy when you think about it because the whole point of Miles & Points is to elevate your travels and experience new cultures.
But don’t worry because there are a few no foreign fee credit cards that our fellow Canadians can take advantage of - that’s what we cover in this video where you’ll learn about:
1️⃣ The Best Credit Cards For Travel: that actually reward you when spending money abroad.
2️⃣ Travel Credit Cards To Suit Every Type of Traveller: from those who only travel once or twice per year to our fellow travel enthusiasts who practically live in airport lounges.
3️⃣ Leveraging Your Business Expenses: and how to take advantage of no foreign transaction fees when spending money in the USA, Europe, or further afield.
Our hope at Prince of Travel is that no foreign transaction fees will become more “normal” in the future, but for now you can leverage the few no foreign transaction fee credit cards in the marketplace here 👇👇
💳 The Business Card → bit.ly/4bfcvPK
💳 The Best Home Earning Card → bit.ly/4bcRzJ9
💳 The Elevated Travels Card → bit.ly/45BYTNe
💳 The No Annual Fee Card → bit.ly/4cpZaWx
AND if a no foreign transaction fee credit card isn’t what you’re looking for right now, you may like to explore some of the others we love this month:
💳 Best Card For Avios
bit.ly/3VBGsE9
💳 Best Card For Offsetting Travel Costs
bit.ly/4cahgvh
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🫶 Don't forget to leave a comment sharing how you navigate those dreaded international fees while travelling abroad - and give this video a thumbs up and share it with others who might benefit 👍
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🔖 Tags: travel credit cards, travel credit cards for beginners, travel credit cards explained, travel credit cards compared, best travel credit cards, best travel credit card, no FX Fee Card Canada, no foreign transaction fees, no foreign fee credit card, no foreign fee cards, no foreign transaction fee credit card, best credit cards for travel, credit card strategy, international fees, Dragonpass, Airport Lounges, Airport Lounges, Visa, American Express

Пікірлер: 39

@PrinceofTravel Ай бұрын

Best NO FX FEE Card for home earning rates: bit.ly/4bcRzJ9 Best NO FX FEE Card for elevating your travels: bit.ly/45BYTNe

@nicolaslemay Ай бұрын

The WealthSimple Mastercard debit has no FX fee, no annual fee, no cash advance fee, and give 1% cash back even out of the country. Pretty strong card for travelling

@the_lowlight Ай бұрын

I agree. this is the best card to use when traveling then just use something else in Canada.

@aselwyn1 22 күн бұрын

@@the_lowlight it annoyingly lacks insurance benefits though so Hotel/Airline/Car rental purchases wouldn't be great. plus having to have the funds already in the account and not geting a statement and paying a delayed payback period.

@ericsemple4820 Ай бұрын

This where the loss of the HSBC Mastercard really sucks. Talk to RBC to get their act together and offer a card that was as good as HSBC

@electricrancid Ай бұрын

I got the HSBC WE just before the applications closed. In retrospect, it was a real good all around card. Miss it!

@tidy Ай бұрын

The 2.5% foreign conversion fee is just a cash grab!

@freddytang2128 Ай бұрын

I’m sure there are some costs to a bank converting your purchases. And besides, not say “poor bankers are underpaid” or anything. But the issuers need to make money somehow. Especially to pay for all the value churners get

@hammerdown3000 Ай бұрын

I use my Amex Cobalt in the U.S. for groceries and restaurants. Yes I pay the 2.5% exchange but also get the 5X on points. Convert to Aeroplan and I'm still way ahead.

@allenbaria9716 Ай бұрын

I’d like a video covering how to apply for business credit cards for those who are small business owners. Even if the business isn’t necessarily making profits yet. Can the annual fee of business credit cards or even personal cards be included in tax filing?

@fattony002 Ай бұрын

Would be great to have some Canadien Business videos in the future. Thanks

@jkim-pz5oo Ай бұрын

Just a question, does anyone know what exchange rate credit card companies use? even with no fx fees i wondered what the exchange is

@taylorduncan8731 Ай бұрын

Do a video on how to get a business card as a sole proprietor please!!

@yvr2002rtw Ай бұрын

While all this sounds good, travellers need to be reminded that when making purchase abroad, if the credit card terminal asks if they want to pay in local currency or in Canadian Dollars (CAD), ALWAYS choose local currency! If you choose "CAD or Canadian Dollars", it is likely that the merchant is participating in Dynamic Currency Conversion or DCC which allows the local credit card processor/bank to apply a rather high mark up on the exchange rate and split it with the merchant for slightly lower merchant fees. Perhaps Ricky should do a supplemental video on DCC?

@charu002 Ай бұрын

good thing you didn't mention brim mastercards. i applied last february and in the middle of my japan trip, they announced that they would remove the no foreign transaction fee good thing i was able to utilize it even to my seattle flight. the card is just sitting there doing nothing... well, not nothing. i put a $1 patreon to someone per month to keep it alive for credit utilization

@Tailong Ай бұрын

Yeah Brim was my go to aswell for my USA purchases, sucks that they decided to change it

@lobbyday Ай бұрын

Pour one out for the HSBC World Elite

@TruthAdv Ай бұрын

HSBC was really the last best travel card in Canada. The only thing that comes close to that is the Scotiabank Passport VISA.

@RonVan98 Ай бұрын

I got the Amazon Prime CC for no FX fee cc plus no annual fee. 😅

@USBcable Ай бұрын

Is it normal for a travel points program to not allow its use outside of the home country? Scene+ points cannot be redeemed while abroad. To sign into your Scene+ account, it requires multifactor authentication through text or call to the phone number on file. I spoke with an agent for Scene+ through online chat, they confirmed that redemption of points is not possible when travelling abroad because of text or call verification to sign in. So if you are going on an extended trip or you are changing your itinerary during the trip, you cannot make use of the Scene Expedia portal while in another country. You would just have to pay for whatever hotel/flight/car rental and use your Scene points after you return to Canada to offset your payment.

@PrinceofTravel Ай бұрын

Or you could have a phone number with a company that sends text even while you are abroad. Most major telecom companies can do this, only those smaller ones can't. Just go with the big 3 - Rogers, Bell and Telus and you will be fine.

@jayzee316 Ай бұрын

I've had the scotia visa passport for 5+ years now, its my main card due to living abroad.

@bfhorvath Ай бұрын

I just got the Passport Card, do i have to apply for a Dragon Pass? or do i get access just from showing the card

@PrinceofTravel Ай бұрын

You’ll need to visit the Visa Airport Companion website or download the mobile app. Create an account and link your Visa card to get your lounge passes. princeoftravel.com/guides/dragonpass/

@Rhino_Overland Ай бұрын

Does the Scotia Passport Infinite give you extra Scene+ points while abroad or just in Canada?

@VancouverGuyStudio 5 күн бұрын

yes

@JeeshanTravels Ай бұрын

Hi Ricky, I already have the Scotiabank Momentum Visa card for Chexy rents and I just applied for the Scotiabank Visa Infinite for travels but Scotiabank policies say I cannot get welcome bonuses for Scotiabank Visa Infinite as I already have a Scotiabank credit card. What's the workaround for this?

@aba192 Ай бұрын

What workaround could there be really? Their policy is pretty clear.. get a new identity and apply? 😂

@PrinceofTravel Ай бұрын

Unfortunately, it is listed in their Terms & Conditions. There is no workaround here. You may try your luck after a year or 2 again.