When I use my credit card outside Canada, can I be assured of the exact foreign exchange rate Ill be charged?
No. The day you purchase an item or service is not necessarily the date on which your charge will be posted to your account. In fact, merchants can sometimes take weeks before putting your transaction through their bank. Since exchange rates change daily, you could end up paying more or less than you expected to in Canadian dollars.
Related Questions
- I want to make a booking online and to pay in foreign currency using my credit card. How will the foreign exchange rate be applied to my booking?
- When I use my credit card outside Canada, can I be assured of the exact foreign exchange rate Ill be charged?
- I live outside of the United States. What foreign exchange (FX) rate is used?
