If you are a regular visitor of the US and most of your expenses are done in USD. Then it might be troublesome for you to exchange the currencies more often. So, it’s better if you get US Dollar Credit cards from Canadian Bank.
As US Dollar credit card allows you to purchase items in the US without any currency conversion, which really saves your foreign transaction fee. And you don’t need to be updated regarding the current USD-CAD exchange rate.
Is a US Dollar Credit card worth it?
Absolutely, US Dollar Credit cards are worth every penny if you frequently make purchases in the US dollar. It waives off your currency conversion charges which totally is a relief. Sigh. We have mentioned the list of Best US Dollar Credit Cards in Canada below:
5 Best US Dollar Credit Cards in Canada
Scotiabank US Dollar Visa Card
Key features:
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Annual fee: $35USD
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Cash advance rate: 22.99%
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Credit Limit: $500.00 Minimum
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No US currency conversion fee
Scotiabank US Dollar Visa card is the Best US dollar credit card because it’s eligible for apple pay and google pay. And it also provides various rewards, cashback.
Scotiabank US Dollar Visa card Rewards/Benefits:
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Purchase security and extended warranty.
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If you participate in AVIS Car rental locations worldwide then you will get a 20% discount.
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You can pay your visa statement with US dollars easily from the scotia US dollar daily interest account. Or if you don’t have any, then open one easily through Scotia Online Financial services.
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Free supplementary card.
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Insurance protection.
BMO US Dollar Mastercard
Key features:
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Annual fee: $35
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Purchase interest rate: 19.99%
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Cash advance rate: 22.99%
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If you purchase a total of $1000 US dollars or more in a year then your next year’s annual fee will be waived off.
BMO US Dollar Mastercard is counted as the best US dollar credit card as it gives you 15% off admission to Cirque du Soleil shows touring in Canada and even 20% off on resident shows in Las Vegas.
BMO US Dollar Mastercard Benefits:
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You can add another cardholder for free.
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Extended warranty and purchase protection are provided.
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Easy access to your credit scores, just by logging into your mobile or through online banking for free.
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You can reset your PIN directly and issue the statements through your mobile app.
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Zero liability protection helps you from any loss resulting from theft or fraud.
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BMO Alerts, whenever you make a transaction to confirm if it’s really you.
T.D US Dollar Visa Card
Key features:
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Annual fee: $39 USD
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Purchase interest: 19.99%
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Cash advances: 22.99%
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Credit limit: $1000 USD minimum
TD US Dollar Visa Credit Card Travel benefits:
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Trip Interruption Insurance: which gives $5000 coverage per insured person and max $25000 for all the insured person on the same trip.
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Emergency Travel Assistance services: it allows you to call when you are in need of help. It’s a toll-free number.
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Delayed and lost baggage insurance: it gives coverage up to $1000 in case of baggage lost or delayed for more than 6 hours.
TD US Dollar Visa Card Extra Benefits:
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you can use Apple pay or Samsung Pay wherever contactless payment is accepted.
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It allows you to ask for an emergency cash advance of up to $5000 for the TD US Dollar visa card.
RBC US Dollar Visa Gold
Key features:
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Annual fee: $65USD
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Purchase rate: 19.99%
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Cash advance rate: 22.99%
Although the RBC US Dollar Visa card is quite expensive but does provide some offers according to the value:
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As you can earn 1 RBC point per $1 USD you spend.
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Travel insurance, auto rental insurance, Damage insurance Trip cancellation/ Trip interruption, and Emergency purchase insurance.
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Along with these, Purchase security and an extended warranty are also provided.
CIBC US Dollar Aventura Gold Visa
Key features:
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Annual fee: $35 USD
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Purchase rate: 19.99%
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Cash advance rate: 22.99%
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Income required: $15,000 minimum
CIBC US Dollar Aventura Gold Visa offers you 1 point for every $1 you spend on travel purchases through their center. And 1 point on every $2 you spend on any other purchases.
CIBC US Dollar Aventura Gold Visa Extra benefits:
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No conversion fees.
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The trip can be booked at the very last minute, no need to be in a foreign exchange line-up.
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You can use your Aventura points to pay down your credit card balance easily.
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Travel insurance, Auto Rental Collision, and Loss Damage insurance.
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Purchase security and extended protection Insurance
Read Also: CIBC Dividend Visa Infinite Card Review
FAQs About US Dollar Credit card
Is a US Dollar Credit card worth it?
Absolutely, US Dollar Credit cards are worth every penny if you frequently make purchases in the US dollar.
