- Annual charge: $0
- Rates of interest: purchases 19.99%, money advances 22.99%
- Welcome bonus: $25 in cash-back rewards once you use the cardboard to make a purchase order inside Three months of receipt
- International transaction dealing with: 2.5% customary, however 3% is returned on prices made in U.S. foreign money
- Rewards earn price: 3% money again on purchases made in U.S. foreign money; 1.5% on all different purchases charged to your card
- Extra rewards: Out-of-province/out-of-country emergency medical insurance coverage; entry to lounges in additional than 400 airports
- Revenue requirement: No less than $80,000 per particular person or $150,000 as a family
Rogers Platinum Mastercard
This Mastercard from Rogers is a superb no-annual-fee possibility for individuals who need to earn money again whereas travelling south of the border. It provides customers 3% money again on U.S. foreign money purchases, which works out to 0.5% once you consider the usual 2.5% international transaction charge. On all different card purchases, whether or not in Canadian {dollars} or a international foreign money, you’ll earn 1% again. The cardboard doesn’t have a minimal earnings requirement, so those that don’t qualify for the Rogers World Elite Mastercard listed above could need to contemplate it.
- Annual charge: $0
- Rates of interest: purchases 19.99%, money advances 22.99%
- Welcome bonus: $25 in cash-back rewards once you use the cardboard to make a purchase order inside the first Three months
- International transaction dealing with: 2.5% customary for international transaction charges, however 3% is returned on prices made in U.S. foreign money
- Rewards earn price: 3% money again on purchases made in U.S. foreign money; 1% on all different purchases charged to your card
- Revenue requirement: None
Honourable mentions
Koho Premium Visa*
This distinctive high-tier, pay as you go, reloadable Visa means that you can spend your individual cash, mirroring the comfort and rewards of a bank card. This card additionally has no international change charges, making it superb for travellers. You’ll get 0.5% money again on all purchases, and as much as 2% money again once you spend on transportation, groceries and eating, and further money again at choose retailers. The cardboard does come at a price—an $84 annual charge—nevertheless it doesn’t cost curiosity. You additionally acquire entry to free monetary teaching should you go for it.
Get extra particulars concerning the Koho Premium Visa*
Amazon Rewards Mastercard
Consideration Amazon customers–which suggests, pay attention as much as just about everybody. The Amazon.ca Rewards Mastercard is a no-fee retailer bank card. So if you’re a Prime member and order from amazon.ca, you may earn 2.5% for Amazon rewards factors utilizing the cardboard, even when not paying in Canadian foreign money. The Amazon Prime membership prices $7.99 a month, plus tax. As for these international transaction purchases, as stated you do earn factors, and it’s simply sufficient to offset any international transaction charges. However it basically means you received’t earn any rewards on international purchases. What should you’re not a Prime member? You earn much less on international foreign money transactions, so making it a typical rewards bank card with a 1% earn price. The rewards factors are redeemable for Amazon present playing cards (with 2,000 factors value $20, or 1 level value $0.01, which is 1% in Amazon financial savings).
| Earn Price | With Prime Membership | With out Prime Membership |
| Foreign exchange purchases | 2.5% | 1% |
| Amazon.ca | 2.5% | 1.5% |
| Complete Meals | 2.5% | 1.5% |
| The whole lot else | 1% | 1% |
What are international transaction charges and what do they imply for you?
The charge (sometimes 2.5%) charged by many bank cards for purchases you make in a international foreign money may not seem to be a lot, however it could possibly add up rapidly. To be clear: The charge is utilized to each buy made in a foreign money that’s not Canadian {dollars}—even once you store on-line. For perspective, that’s $25 in transaction charges for each $1,000 you spend in your card, and you must pay the change price as properly.