American Express Transferable to Canada?
#16
Re: American Express Transferable to Canada?
Originally Posted by dbd33
This exchange rate isn't really an issue if you pay off the balance monthly, your exposure is very short term and you're as likely to win as lose over 15 days or so.
The card provider will still take their $2+% pound of flesh surcharge on the card exchange rate presumably....Im assuming that is still in Sterling?
Last edited by iaink; Jun 9th 2006 at 5:50 pm.
#17
Re: American Express Transferable to Canada?
Originally Posted by iaink
Good point, wasnt thinking straight. I hope most people dont run a balance, but Ive been surprised by some of the big earners in companies I worked for still having monthly balances, and it does also seem to be a way of life for some in the UK.
The card provider will still take their $2+% pound of flesh surcharge on the card exchange rate presumably....Im assuming that is still in Sterling?
The card provider will still take their $2+% pound of flesh surcharge on the card exchange rate presumably....Im assuming that is still in Sterling?
GTAA Express Term 2 PS, Toronto 2.79
5.50 Canadian dollar includes commission charge of .07p
the exchange rate 5.50/2.79 seems about right so I guess it cost me sevenpence to use Visa instead of Amex (my Amex is in $C but the machine wouldn't take it that day).
#18
Re: American Express Transferable to Canada?
Originally Posted by dbd33
Yes, it's in Sterling. I only have last month's statement to hand and that only has one item, it reads:
GTAA Express Term 2 PS, Toronto 2.79
5.50 Canadian dollar includes commission charge of .07p
the exchange rate 5.50/2.79 seems about right so I guess it cost me sevenpence to use Visa instead of Amex (my Amex is in $C but the machine wouldn't take it that day).
GTAA Express Term 2 PS, Toronto 2.79
5.50 Canadian dollar includes commission charge of .07p
the exchange rate 5.50/2.79 seems about right so I guess it cost me sevenpence to use Visa instead of Amex (my Amex is in $C but the machine wouldn't take it that day).
Hey, if you dont need that money, send it to me but IIRC your ex wife needs it
#19
Re: American Express Transferable to Canada?
Originally Posted by iaink
Its costing you 2.5% markup on everything. Hey, if you dont need the money, send it to me, but IIRC your ex wife needs it
Trying to make the wife into an ex does look as if it'll bankrupt me; in which case I suppose I won't have to worry about my credit rating any more.
#20
Just Joined
Joined: May 2006
Posts: 12
Re: American Express Transferable to Canada?
You can get Canadian Amex cards (instantly, without the standard 180 days Canadian credit history that Visa and Mastercard require) while you are still in the UK. You do not need to transfer over your UK cards - I suggest you keep them (for emergencies) if you have some UK sterling left in a UK bank account to clear them.
We are not due to arrive in Canada until July, and we phoned Toronto Amex HQ in May, they looked at our UK credit history and granted us new Canadian credit cards immediately over the phone. No paperwork at all. They are now waiting for us at our intended BC address. These are no-fee credit cards, not debit/charge cards.
We will keep our UK cards but will obviously face currency charges (exhange rate) if we use them in Canada. But we are 'allowed' to retain them in the UK as long as we give an address, so we have given next of kin.
Visa and Mastercard, no matter who you contact (eg Citibank, RIBC, CBC or any other issuing 'partner'), require a minimum of 180 days' credit history in Canada beofre they can entertain the idea of issuing any cards, and I cannot see a way around these rules.
rio
We are not due to arrive in Canada until July, and we phoned Toronto Amex HQ in May, they looked at our UK credit history and granted us new Canadian credit cards immediately over the phone. No paperwork at all. They are now waiting for us at our intended BC address. These are no-fee credit cards, not debit/charge cards.
We will keep our UK cards but will obviously face currency charges (exhange rate) if we use them in Canada. But we are 'allowed' to retain them in the UK as long as we give an address, so we have given next of kin.
Visa and Mastercard, no matter who you contact (eg Citibank, RIBC, CBC or any other issuing 'partner'), require a minimum of 180 days' credit history in Canada beofre they can entertain the idea of issuing any cards, and I cannot see a way around these rules.
rio
#21
BE Forum Addict
Joined: Jan 2006
Posts: 1,010
Re: American Express Transferable to Canada?
Originally Posted by albanylakes
Visa and Mastercard, no matter who you contact (eg Citibank, RIBC, CBC or any other issuing 'partner'), require a minimum of 180 days' credit history in Canada beofre they can entertain the idea of issuing any cards, and I cannot see a way around these rules.
K.
#22
Banned
Joined: Dec 2005
Location: In Limbo
Posts: 15,706
Re: American Express Transferable to Canada?
Originally Posted by albanylakes
Visa and Mastercard, no matter who you contact (eg Citibank, RIBC, CBC or any other issuing 'partner'), require a minimum of 180 days' credit history in Canada beofre they can entertain the idea of issuing any cards, and I cannot see a way around these rules.
rio
One word
CRAP
We both have Canadain Visa Cards and got them 14 days after arriving.
Presidents Choice merely wanted us to 'use' our accounts for 6 weeks before issuing Mastercards. (All that involved was going to the cash machine once a week, drawing $10 from one account and depositing it into the other).
#23
Banned
Joined: Dec 2005
Location: In Limbo
Posts: 15,706
Re: American Express Transferable to Canada?
Originally Posted by kt0157
What about getting a reference from your UK bank indicating creditworthyness?
K.
K.
#24
Re: American Express Transferable to Canada?
Originally Posted by Butch Cassidy
One word
CRAP
CRAP
#25
Banned
Joined: Dec 2005
Location: In Limbo
Posts: 15,706
Re: American Express Transferable to Canada?
Originally Posted by dbd33
That is wrong. The eternal tourist even has a Canadian Mastercard (her own account, not connected with any other) even though she's not technically resident and so has no local credit history.
#26
Re: American Express Transferable to Canada?
Originally Posted by Butch Cassidy
For a second I thought you were saying I was wrong????
Oh no, I was agreeing with you but in less strident tones.
#27
Just Joined
Joined: Jun 2006
Location: Kelowna, BC
Posts: 3
Re: American Express Transferable to Canada?
Originally Posted by Tiggy
Anyone tried to transfer a UK Amex card to a Canadian one, and if so did you keep your credit limit etc?
We opened an Amex account over 12-months ago with the idea of doing this, but the UK customer help line have only suggested that we call the American office and make the enquiry there, - holding on line while paying international call rates
We opened an Amex account over 12-months ago with the idea of doing this, but the UK customer help line have only suggested that we call the American office and make the enquiry there, - holding on line while paying international call rates