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Monday, March 18th 2019

"I'm a travel junkie who's hooked on deals from YYT." - Chris Myden

The Amazon Visa is no more - but here's what you can replace it with

Replace the Amazon Visa with the Home Trust Preferred Visa

I know for a lot of travelers out there (myself included), the Amazon Visa was your favorite credit card to use while traveling, or making any kind of purchase in a foreign currency.


The key feature of the Amazon Visa was that it didn't charge you the 2.5% foreign exchange fee that every bank, ATM, foreign exchange kiosk, and virtually every credit card on the planet is charging you, any time you make a purchase or withdrawal in a currency other than Canadian dollars.

Even if you don't *think* you're paying this foreign exchange fee any time you purchase something while traveling, or withdraw money from an ATM, or exchange currency at a bank / kiosk, you most likely are.

Most places hide this 2.5% foreign exchange fee from you by building it into the exchange rate itself. They charge you an exchange rate that is higher/worse than the 'real' exchange rate (technically known as the spot rate).

The Amazon Visa charged you the 'real' exchange rate, without the additional 2.5% exchange fee. On top of that, it offered 1% cashback on all purchases. Paying for items this way while traveling was tough to beat with any credit card, or any other form of payment.

It was the best way to buy anything while traveling, assuming you paid your credit card bill on time.

There were better cards to use at home, because you didn't get the 2.5% advantage when buying things in Canadian dollars. But for traveling, and buying things in a foreign currency, it was always my go to card.

Chase Bank announces they are canceling the Amazon Visa and the Marriott Visa

If you were a holder of the Amazon Visa or Marriott Visa, you've probably recently received the letter announcing the demise of these cards, as of March 15th, 2018.

I've seen a lot of people wondering if there is a similar card out there. A card with no annual fee, and one that spares you from the 2.5% foreign exchange fee.

Cards without an annual fee *and* sparing you from the 2.5% foreign exchange fee are really, really rare in Canada, but there is one out there...

The Home Trust Preferred Visa

It's called the Home Trust Preferred Visa and it has the following features:

  • no annual fee
  • 0% foreign currency conversion charges
  • 1% cashback on everything you buy (no limit)
  • roadside assistance (included free)
  • car rental collision insurance (included free)
  • purchase security insurance (included free)
  • In other words, it's virtually identical to the Amazon Visa, with a few extra features (roadside assistance, rental car insurance, and purchase security insurance).

    How to apply for the Home Trust Preferred Visa

    1. Go to the Home Trust Preferred Visa Application Page

    2. Scroll down to the bottom and click on 'Start My Application'.

    Update Mar 31, 2018

    - I received my Home Trust Visa card sometime in March, approximately 6 weeks after submitting the application.

    - Home Trust has been overwhelmed with applications ever since the Amazon Visa was discontinued, and current applications are taking as long as 8 weeks to process.

    A few quirks to note about the Home Trust Preferred Visa:

    - there is a maximum of 10 transactions allowed per day

    - you cannot change your PIN. If you forget it, you need to get Home Trust to issue a new card (this is apparently going to be fixed later this year).

    - it does not support 'tap' payments

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    One Response to "The Amazon Visa is no more - but here's what you can replace it with"

      Has DonnieVet been here?
         DonnieVet on July 16th, 2018

      G?t u? t? $ 20,000 ??r da? with our ?r?gram.
      We ?re ? t??m of ?xp?rien??d ?r?gr?mmers, work?d more than 14 m?nths on this ?r?gram ?nd now everything is r?ady ?nd ev?r?thing works perf??tl?. Th? ?a??al s?st?m is v?ry vuln?r?ble, inste?d ?f n?tif?ing the d?v?lo?ers ?f Pa?Pal ab?ut this vulnerability, w? took ?dv?nt?ge of it. We activ?ly use our ?rogram for p?rsonal ?nrichm?nt, to sh?w huge am?unts ?f m?n?y on our ?c?ounts, we will not. ??u will n?t believ? until you tr? and ?s it is n?t in our interest t? ?r?v? to ??u that som?thing is in yours. When w? r?aliz?d that this vuln?rability c?n b? used massiv?l? with?ut ?onsequ?nces, w? d?cid?d to h?lp the r?st of th? peo?l?. W? de?id?d n?t to infl?te th? pri?e ?f this gold ?r?gram ?nd put a very low ?ri?? t?g, ?nl? $ 550. In ord?r for this progr?m to b? ?v?il?ble t? a l?rge number ?f people.
      All the details on ?ur blog: http://4x4tyt.ru/forum/go.php?https://www.pinterest.com/pin/690387817853172731/

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