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Stubhub refund in different currency triggers forex fees. Is this legit?
I sold tickets on Stubhub for events in Canada. Stubhub paid me, sometimes in USD and sometimes in CAD, to my PayPal account. These events were just officially cancelled and Stubhub sent an email saying they would charge me for the cancelled events. They immediately charged one of my credit cards on file, a USD Amex, in CAD for all of the events. The resulting credit card forex fees were $90. Of course I agree I should re-pay Stubhub for the cancelled events. My issue is that 1) they arbitrarily used a different payment method than how the transaction was originally carried out (Paypal vs credit card) and 2) they sometimes charged the refund in a different currency than the original transaction. I assume they've covered themselves with their TOS, and I'm out $90. It's just infuriating because I would have happily and immediately paid them in whatever currency they wanted if they had just asked before proceeding to charge my USD card. Is this type of thing allowed? PS I should mention I'm not a professional scalper - I moved cities and needed to sell season tickets I had from before. After stubhub fees, I barely break even.
Best CAD CC for no FOREX fees & CB on high spend categories
For the longest time, I’ve had the PCF WE MC that isn’t really all that useful to me as most of my purchases are for dining out and groceries (getting back 1%) and I don’t shop at most of these loyalty stores anymore (Shoppers, Loblaws, No Frills, etc). Anyone have recommendations as to the next best option for someone who already has a great AMEX Cobalt card (that’s barely accepted by any merchants) and would like a card to replace my PCF WE so I have a card that I can actually use when my AMEX isn’t accepted? FWIW, some merchants actually charge a fee to use AMEX... Looking for most, if not all, of the following features sorted by order of preference:
wide acceptance w/ merchants
cash back >1% (especially for dining out, groceries, recurring bills)
low or no annual fee (no fee preferably as I plan to split expenses between two cards)
no forex fees (or extra CB for foreign exchange transactions to offset)
trip cancellation/interruption insurance (one of the biggest drawbacks of the AMEX Cobalt and PCF WE)
allows gaming-related transactions (withdrawals or at least deposits from/to casino-related merchants - this is more of a want than a need)
I feel like the Rogers WE, which has been SEVERELY devaluated, still satisfies what I’m looking for but would like to evaluate any other options. 🍻 P.S. Does anyone know if Visa or AMEX allows for gaming/casino purchases? I know MC works.
Living in another country for 5 months, how can I avoid forex fees?
I'm a Canadian citizen and all my bank accounts and credit cards are Canadian. All the accounts/cards I have charge a 2.5% fee for foreign currencies. I'm going to be studying in Sydney, Australia from January-May of next year. 2.5% normally isn't much, but if I'm going to be living there, buying food, clothes, living expenses and pretty much everything, in AUD, what can I do to avoid paying as much forex fees as possible? I've already applied to certain cards that don't have a forex fee, but I'm worried they won't get accepted/arrive on time before I leave. What else could I do to try and save myself on these fees? 5 months is going to add up to a lot :(
Does TD debit also charge you forex fee when you use paypal to send USD?
I want to send USD to my friend using my TD account on paypal. I know that if I use TD credit card there's a forex charge (on top of the $5 charge for sending) but is it the same case when you use debit? Thanks!
What is your preferred method of saving on fees while travelling to the UK? We are eyeing up the possibility of using our Amex Cobalt for food/drink purchases. Seems like with foreign transaction fee and the points combined we come out a bit ahead still. We haven't done any currency purchasing yet, looking at posted rates and considering this. Thought Id check with the PFC hive first!
Hey all, So I'm planning on going with an AmEx trifecta, I looked over the calculator and I'll net more from the rewards points than from the Chase trifecta. However, I want an additional card to use internationally due to AmEx's limited acceptance abroad, and I'd like this card to be either a Visa or MasterCard with no foreign transaction fee and no annual fee. I'd greatly appreciate any suggestions for options I might have!
Question: What is the best card for international travel? (ie. No forex fees and other perks)
Hi everyone, I’m going to Europe for a month and wanted to know which credit card has the best offerings for international travel! I’m looking for no foreign transaction/exchange fees, and any other perks that might make it better than the competition! Thank you!
Received this notice from TD: Foreign currency transactions with your TD Access Card 1) Fee when you use a TD Access Card to make a foreign currency withdrawal at an ATM outside Canada 2) Make a foreign currency debit purchase outside Canada using a TD Access Card with a Visa Debit logo CURRENT: 2.5% of the Canadian dollar amount after conversion of the foreign currency amount at the rate set by Visa Internationa MAY 1: 3.5% of the Canadian dollar amount after conversion of the foreign currency amount at the rate set by Visa International
So I just found out recently that when I purchased US stocks with CAD on Questrade. They hid the forex fee through the conversion rate. This whole time when I was reviewing my trades I thought the exchange between CAD / USD was pretty much on par since it mentioned $0.00 commission. So after buying about $17k of stocks, it seems that I lost about $450 USD from conversion :( which is a lot for a 22 year old student who doesn't earn much. Is there a way I can avoid the extra conversion costs? I don't have a US chequing account so could I bring USD to a bank and then send the money to questrade with US cash that I exchanged somewhere else at a lower cost. Another option is swap my portfolio to Interactive Broker now that my portfolio is >$10k? But I'd need to wire the money over to then.
Need some help comparing the value of double Amex points for travel vs Amazon.ca visa with 0 forex fees.
I have an Amex Gold and just got an Amazon Canada Visa. These will be my one/two for foreign travel and travel related purchases. These will be definite plans of attack I'm thinking:
For purchases in Canada where I get double points (such as travel related, groceries, and drugstores), I'll definitely use Amex gold.
For general non-travel related purchases overseas (such as restaurants, museums, etc) I'll use the Amazon.ca visa as much as possible.
Both the above points have little to no overlap so work well together (unless there are places that don't take Amex, or only take cash). My question is, while overseas, if I am paying for hotels or intra-European flights, for example, is it better to pay with Amex Gold (which will have forex fees, 2.5% I think) but get the double points for that purchase, or pay with my Amazon.ca card which has no forex fees? Edit: I guess the better question is, can I quantify an Amex point? Near as I can get, it is worth 1.5-2 cents.
Running an online business in USD and losing a ton in forex fees. What are my options?
I'll try to make this short and sweet. I run an online advertising business. I top up all my accounts in USD and get paid in USD, all through my CAD card and account. This obviously costs me a ton in forex fees. The reason I've put finding a USD account on hold for so long is because I started this business on my credit card and line of credit and racked up close to 40k in debt. Now however, I've finally managed to pay off all my debt and I am looking into my options for a USD account and credit card. I am incorporating soon if that matters. My thoughts are that I should go down to the states and open a real US bank account and get a real US credit card so I can get some kind of rewards. AFAIK there are no USD business cards available in Canada with any rewards. In the mean time, I'll probably be opening up a new corporate bank account in Canada when I incorporate. Should I just stick with this and not even worry about earning rewards? I spend 20-30k/mo so I could rack up rewards pretty quickly. TL;DR: Should I open up a USD account in Canada with no rewards, or should I go to the states to open one where I can earn rewards?
Hey all, Any advice on what the best credit card is that doesn't have forex fees? I currently have the MBNA card with the cash back and a PC but both of them have forex fees, looking for one to use while traveling that also has the other perks (i.e. rental car insurance) as well as some sort of rewards (cashback or travel points preferred)
I'm going overseas for a month. I'm looking at a 0 foreign exchange credit card. I'm not really interested in spending $100/year on a card (not yet anyway) and I have other cards that I use for my day to day expenses. I'm leaning towards Home Trust - but the not changing the pin, 10 transactions etc sounds pretty annoying. Are my only other options Rogers/Fido? (Are there differences between those two really?). I honestly will probably use this while I'm travelling then ignore it until next time I leave the country.
Forex.com Fees snapshot; Assets Fee level Fee terms; US stock fee-Not available: EURUSD fee: Low: The fees are built into the spread, 1.3 pips is the average spread cost during peak trading hours. FOREX.com charges fees slightly differently than stock and option accounts. When you get ready to exchange a currency, you’ll see 2 different prices listed: a “bid” price and an “ask” price. Forex.com fees snapshot; Assets Fee level Fee terms; S&P 500 CFD: Low: The fees are built into the spread, 0.6 is the average spread cost during peak trading hours. The forex market, unlike other exchange-driven markets, has a unique feature that many market makers use to entice traders. They promise no exchange fees or regulatory fees, no data fees and, best ... Does FOREX.com charge inactivity fees? A fee of $15 (or 15 base currency equivalent) per month is charged to accounts after there is no trading activity for 12 months. Do you offer fixed spreads?
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