Chase Canada - All cards will be closed on March 15, 2018 | All debts wiped clear (Aug 8, 2019)
[NOTE]This card will be closed as of March 15th, 2018: https://www.amazon.ca/gp/cobrandcard/marketing.html
Apr 3rd, 2012 8:32 pm
Visa sets a SINGLE exchange rate per dayWhat will happen to my Amazon.ca Rewards Visa Card cash back?
As your account will be closed as of March 15, 2018, you will no longer earn cash back on your Amazon.ca Rewards Visa Card account after March 14, 2018. If you had unredeemed cash back points on your account prior to closure, we will apply a statement credit to your account for the cash back amount.
Official daily Visa rates visible here:ace604 wrote: ↑Jul 11th, 2017 6:29 pm1) Take amount in USD.
2) Multiply by real Visa exchange rate not shown anywhere on your statement.
3) Round the CAD amount to the nearest penny.
4) Show you a fake exchange rate for that transaction that exactly equals (3) / (1)
5) Confuse people who post to forums (once a month it seems) to ask the same question
If you take the US amount and multiple by the "exchange rate" they show you, you will likely get an amount that ends in $x.yz0001 or basically exactly round numbers of pennies.
What are the odds of that happening for all your transactions? Zero
Example rate 1.3000
$9.99 purchase = $12.987 = $12.99 ($9.99 @ 1.3003)
$10.00 purchase = $13.00 ($10 @ 1.3000)
$10.01 purchase = $13.013 = $13.01 ($10.01 @ 1.2997)
Now their "rates" are rounded too, but when you multiply by the USD amount you get very VERY close to exact pennies.
$9.99 x 1.3003 = $12.989997
$10.00 x 1.3000 = $13.00000
$10.01 x 1.2997 = $13.009997
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The next time you see a UPS delivery vehicle, try and sneak a peek in the back. Or ask the driver. You'll see how many people use Amazon.ca.
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