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Top 5 USD Accounts for Canadians: Fees, Features, and MoreA foreign transaction fee is an extra fee charged by your credit card issuer when you make any transaction in a foreign currency. In Canada, this rate is. For just $35 a year, you can use this card to shop in US dollars and avoid any unpleasant exchange rate fees. You can also use this card safely from Canada and. This currency converter tool provides foreign exchange rates by Mastercard to convert from the transaction currency to your card's currency.
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