best no foreign transaction fee credit cards hsbc

There aren’t many credit cards in Canada that offer this feature, and there is no better card on the market that does than the HSBC World Elite Mastercard. That includes the Amex Platinum!Ģ.5% may not sound like a lot, but it adds up quickly if you make a lot of purchases that aren’t in Canadian dollars.

American Express also charges you a 2.5% foreign transaction fee on all of their credit cards. This is 2.5% that is going directly into the pocket of your credit card issuer and either Visa or Mastercard depending on the card. You may or may not know but nearly every Canadian credit card charges you an additional 2.5% in a foreign transaction fee on top of the currency conversion fee. The biggest selling feature for me is the no foreign transaction fee! The HSBC World Elite Mastercard is an underrated gem and a credit card most Canadians can benefit from adding to their wallet. The HSBC World Elite Mastercard is the best no foreign transaction fee credit card in Canada, has amazing points that can be transferred to some of the best airline partner programs in the world, and comes with a yearly $100 travel enhancement credit. I don’t understand why more people aren’t talking about this credit card!

The HSBC World Elite Mastercard is probably the most underrated travel credit card in Canada. If you click on my affiliate link and purchase something (at no additional cost to you!), I may earn a small commission that helps me keep the blog running.

Best no foreign transaction fee credit cards hsbc