Travel

Getting money abroad, is Chase Amazon still best option?

  • Last Updated:
  • Aug 13th, 2017 10:06 am
Newbie
May 4, 2007
97 posts
11 upvotes
muskokathompson wrote:
Aug 7th, 2017 5:58 pm
Just wanted to add that PCF converts to USD then into foreign currency so you get hit with the 2.5% forex fee twice...
No you don't. The conversion is indeed done to USD and then to CAD, but the 2.5% is only charged once
Newbie
May 11, 2017
8 posts
1 upvote
itIsI wrote:
Aug 8th, 2017 9:28 am
No you don't. The conversion is indeed done to USD and then to CAD, but the 2.5% is only charged once
Well that's a relief! I read somewhere that you were charged twice and was thinking of others ways to get cash while in Europe...
Sr. Member
User avatar
Dec 3, 2007
876 posts
193 upvotes
Does anyone know if you can have Chase increase the cash advance limit, at least temporarily? I plan on using my Amazon Visa to get Euros when in Italy next month, and I am doing the same for my father. I would like to be able to withdraw it all at once instead of being limited and having to do it over several days.
Deal Addict
Jul 21, 2005
1037 posts
267 upvotes
I used my Amazon card in Brazil for 3 weeks, and yes, you have to prepay, plus make sure you have enough to cover the charges you would put through directly. The exchange rate is very good, and you just pay the $5 fee, or 1%, so make sure you take out $500 at a time at least to maximize the fee. I have friends how have lived in Brazil for like 3 years, and they work for Canadian consulate and get paid in CAD, and they use their Amazon card to take out the local Brazilian currency, as it makes the most sense and the cheapest option.

And yes, look online to see if ATMs charge fees. In Brazil, Bradesco banks were no fees at all, whereas Santander charged something like $5 in fees on top of your CC fee, basically added $5 to the withdrawal.
Deal Addict
Apr 18, 2010
4312 posts
348 upvotes
Toronto
Good timing of this thread.

I'll be in New York this weekend so would anyone be able to advise me if it's better to withdraw money from a TD bank using my TD debit card or should I use my Chase Amazon card to withdraw cash?
Sr. Member
User avatar
Jun 29, 2010
815 posts
177 upvotes
glover78 wrote:
Aug 9th, 2017 3:30 pm
Good timing of this thread.

I'll be in New York this weekend so would anyone be able to advise me if it's better to withdraw money from a TD bank using my TD debit card or should I use my Chase Amazon card to withdraw cash?
I used my Chase Amazon in NY and PA on the long weekend and had zero issues with it. Exchange rate was ~1.27 whereas getting cash from a CDN bank was ~1.29 - not that much difference.
$300 cash advance + $5 fee = $305. $300 cash in pocket + $6 with 2¢ exchange premium = $306.
The card is much more convenient at the gas stations so you don't have to go in and prepay.

I also used that card in Italy for a cash advance and then went into my banking app and paid it that same day - did not get an interest charge.
[OP]
Deal Fanatic
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Jul 17, 2008
7685 posts
1383 upvotes
Any way to figure out which ATM charge their own fees on top to avoid? Do they usually tell you before withdrawal if they do? Currently in Greece if that helps. They only have alpha bank where I'm at

Also, does chase Amazon needs to be prepaid to the day when the cash advance is posted or does it need to be prepaid for the entire billing cycle when cash advance was used?
[OP]
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Jul 17, 2008
7685 posts
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Messerschmitt wrote:
Aug 11th, 2017 1:06 am

Also, does chase Amazon needs to be prepaid to the day when the cash advance is posted or does it need to be prepaid for the entire billing cycle when cash advance was used?
Anyone?
Member
Sep 22, 2005
482 posts
42 upvotes
BC
My understanding is when the cash advance is posted you have to have prepaid amount in your account to avoid interests charges.

The cash advance in my case was posted 3 days later, though authorization was instant. The good news is Chase updates payment fairly fast. So if you prepay the card from Td say today, the payment shows up tomorrow. The exchange rates are very good; cad/euro, and you only pay 1% cash advance fees, 5$ min per transaction.
Deal Addict
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Feb 19, 2010
4704 posts
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Messerschmitt wrote:
Aug 11th, 2017 1:06 am
Any way to figure out which ATM charge their own fees on top to avoid? Do they usually tell you before withdrawal if they do? Currently in Greece if that helps. They only have alpha bank where I'm at

Also, does chase Amazon needs to be prepaid to the day when the cash advance is posted or does it need to be prepaid for the entire billing cycle when cash advance was used?
As long as you don't have a debit balance after the cash advance posts there should be no interest charges.

No, you don't have to maintain a credit balance through the entirety of the billing cycle. IOW, AFTER the cash advance posts, and assuming you still have a credit balance at the end of that day, you can use up the credit balance by putting through credit card charges for purchases.

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