Credit cards with no foreign currency exchange transaction fees

Canadian credit cards with no foreign currency exchange transaction fees:

• Home Trust Preferred Visa
• Scotiabank Gold American Express
• Scotiabank Platinum American Express
• Scotiabank Passport Visa Infinite

Canadian prepaid cards with no foreign currency exchange transaction fees:

• KOHO Prepaid Visa (Extra or Everything plan)
• Wealthsimple
• EQ Bank

Canadian credit cards with higher rewards for foreign currency transactions:

You get charged the ~2.5% fee on new charges but get a higher reward rate. Note that you also get charged the ~2.5% fee on returns.

• Meridian Visa Infinite Travel Rewards
• Rogers Red World Elite Mastercard

If you have one of the cards above and use PayPal for purchases, be sure to disable PayPal’s currency conversion!