A Visa Card That Saves You Foreign Currency Transaction Fees

First Published Date: December 5, 2013 ADawnJournal.com

Probably 90 percent of retailers have some sort of credit cards tied to some kind of reward points of their own, so why not Amazon Canada? Today, I will talk about some of the features the Amazon.ca Rewards Visa card offers.

The instantaneous benefit of this card is that once you are approved, Amazon.ca will take off $15 of your next purchase on the Amazon online store. And then there are ongoing reward points for each transaction you make (whether online or offline). For example, spending $1 at Amazon.ca earns 2 points (works out to be 2 percent cash back) and spending $1 anywhere else (where Visa is accepted) earns 1 point (works out to be 1 percent cash back).

There are also promotional financing offers on qualifying purchases of $199 or more. For example, you can take 6 months to pay without paying interest on $199+ or 12 months to pay on $499+ purchases. These can change any moment. So check at Amazon.ca before you make any large transactions to take advantage of promotional offers.

The best feature of the Amazon.ca Visa card is that it does not have any foreign exchange fees when you use your card outside Canada. All other major credit cards charge a 2.5 percent fee if you make any transactions outside Canada. If you travel a lot, saving 2.5 percent on each transaction can save you a lot of money.

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