blue20ae

The exchange fee is for all foreign currency, not just USD.  Here is an extract on the information disclosure from MBNA, as an example...

Foreign Currency Conversion        We will bill you for all transactions in Canadian dollars. Any transaction made in a foreign currency will be converted to Canadian dollars using the currency conversion rate established by MasterCard that is in effect on the date that we process the transaction. This conversion rate reflects the fee retained by MasterCard as a cost of performing the conversion service. In addition to the conversion rate, we will charge you a fee of 2.5% of the transaction amount after it has been converted.

If you do a lot of USD transactions, it is worth to get a USD credit card.

blue20ae

Look at the card agreement, usually the cost is the mid-market rate + 2.5%. It is also called the spread, almost all banks charge the similar rate at retail level.
pkphilip 發表於 2011-5-26 20:39

The 2-3% fee is in addition to the spread.

blue20ae

That's why I use the word "may" in #2, but I think the
terms in US and Canadian cc should be very si ...
fy789 發表於 2011-5-26 23:13

As far as I know, all Canadian credit cards have this Foreign Currency charge.  In the US, you can still find cards that don't have this fee.

http://www.flyerguide.com/wiki/i ... nd_Foreign_Exchange