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If anyone has additional information, please feel free to comment. Thank you. Sounds super sketchy thanks for the heads up. Has it ever been 3 points per dollar? Typo on end, thanks for catching. Their limited track record is less than stellar. Well, there has been a lot of negative feedback about the launch of Brim mastercards and I got to admit I have been patiently waiting for quite a few months but finally I received my card and got it activated.
I also set up the Apple Pay today and everything seems to be going as it should. I am remaining positive with the card until otherwise disappointed.
Thank you for the update. The currency exchange rate is certainly an important characteristic.
At an average 0. This article on the same site indicates an average 0. You can look up the daily and historical rates. Not counting the 2. The research method used in the article linked below is more thorough. The difference between the Visa and Mastercard exchange rates is highly variable from day to day.
Those are fair comments. I personally am just not bothering with them since it seems like the company or at least their social media is run by children. There are other credit cards with no forex fees that I can choose from. However, it may be because they will actually be lower.
I, like most others I am sure, will be keeping a close eye on this. I did run a test on my card this afternoon and used it at the store. We will see…. The Mastercard spread compared to the Bank of Canada posted rates is tiny.
The rates that MasterCard and visa post are identical?? But then the individual banks upcharge 2. Home trust is available to all provinces except Quebec!! The difference maker is having a card with no Forex fees. Although they both charge the 2. So, if Brim keeps the same rates fingers crossed as MasterCard and Visa then it will give us another option. We will see. So, I know its been difficult to figure out the actual rate for the foreign exchange.
They said it would be posted on their site, but I never did find it. I took a chance to pay for my invoice with Brim and was happy with the result:. So it seems their rate is reasonable and not inflated as some people thought might happen with the no foreign exchange fee. Hello Amelie, Thank you for your feedback.
My guess is that they plan to use their own rates once they have everything in place to do so but they might change their mind if that would be a deal breaker for too many existing and prospective clients. I got my card in less than 2 months.
There are other credit cards with no forex fees that I can choose from. I place my Australian bank details into the required fields and hit enter. I withdraw the U. Using open source software for portfolio analysis. The research method used in the article linked below is more thorough. Cash management Credit cards Credit report Cross-border and expatriate issues Currency conversion Short term cash returns. In the future, I will choose a credit card provider with greater care.
No issues! Serves my purpose!
Hi i just want everyone out there to know, this Brim Credit card is absolutely has no credibility, they lie to you when you ask them questions, they switch you and put you on hold for a long period of time and they come back with the same F. Answer your application still in processing.
The word is out Brim, you ars nothing but scam, irributable and not honest in what you propose and advertise on your website. I tefuse to have this credit card and i will not want it. Stick with your banks and nothing like this one. Thanks S. August 2: I applied online for the Brim card September Received an alert that Brim had pulled my credit bureau file November 3: Sent an e-mail to their support team asking what the status was November 7: Received telephone call asking to provide a piece of identification, I asked them to send me an e-mail request November I replied to their request and provided them with a PDF document November December 3: Save my name, email, and website in this browser for the next time I comment.
What happened to no foreign exchange fees?
If you have a brokerage account, you can do Norbert Gambit to exchange US CDN that most people got their money changed less than. Easily find Markham deals for Continental Currency Exchange with stuntmomfilm.com, Canada's Largest bargain and shopping community.
Share 8. By Barry Choi T Brim Financial: Anna July 3, at 8: Great summary Barry and I agree with you … too good to be true! Jack July 4, at Barry Choi July 4, at 1: Keem September 1, at 6: Jack September 2, at 8: Barry Choi September 2, at Jack, Agreed, good customer service and actually getting your time in a respectable amount of time means more than just answering a question on Instagram.
Srdjan Mitrovic July 4, at TruckBC July 5, at Barry Choi July 5, at 6: TruckBC July 5, at 1: Sean July 5, at 6: TruckBC July 5, at 6: Barry Choi July 5, at 8: Guillaume Roy August 2, at 4: GYM July 19, at 1: If your credit card issuer changes any features or any of the terms or conditions of your credit card, the issuer has to give you the details of these changes in writing at least 30 days before the changes go into effect. The grace period is the interest-free period when you make purchases with your credit card, but does not apply to cash advances or balance transfers.
The grace period must be a minimum of 21 days. You should give consideration to keeping your credit card at a separate financial institution from your savings. If you have a dispute with your credit card company they will not have the option of just taking your savings money without notice. When traveling beyond the normal usage pattern for your credit card, most credit card issuers recommend that you please contact them ahead of time to let them know of your plans. This will ensure that your account is protected during your travels. It will also reduce the odds that your account gets "frozen" by the credit card company while overseas.
Should that happen anyway, a second card from a different issuer might come in handy for a few hours The first card can then be reactivated at your convenience by calling collect the issuer to tell them you are using your card overseas. When using your credit card to make purchases in foreign currencies, you should be aware of how foreign currency purchases are handled and what charges and fees are changed. A charge of 2. There are credit cards available to Canadian consumers that do not charge these foreign exchange fees. More recently, merchants have been offering the "convenience" of converting the amount owing at the point of sale, a practice known as dynamic currency conversion DCC.
In most if not all cases, it is a bad idea to consent to the use of this feature [10]. According to VISA Canada, "If you do not want to use DCC when making a purchase, then you have the right to refuse the offer and have your transaction billed in the merchant's local currency, which will then use Visa's conversion rate.
If you did not agree to DCC, but see it on your bill, then you should ask your issuing bank to contest the charge. Fraudulent usage of credit cards is on-going and increasing problem. By the end of , approximately Of those, , accounts were compromised, which represent a small percentage 0. To protect yourself you should regularly review the charges on your card, at a minimum when your monthly statement arrives. Should you find unauthorized charges on your credit card you should immediately contact your credit card issuing company, the number is on the back of your credit card and on your monthly statement.
Also, review your credit card agreement. By law, your agreement must explain your maximum liability the amount you would be responsible for in the case of lost or stolen credit cards, or the unauthorized use of your credit card account number. Three main types of reward programs exist: Similarly, MoneySense has an annual feature on finding the best credit card.
Jump to: Main article: Currency conversion. Best Credit Card , viewed February 13, Pay Later , from Debt Canada: Canadian account types. Chequing account Savings account High-interest savings account. Credit card Line of credit Mortgage. Non-registered accounts.