Exchange Rate Fluctuations - TD Aeroplan Visa Infinite
I have a tricky question which I was looking for some advice for. Here is the scoop:
I am using my TD Aeroplan card to buy items at this online auction place (Nba Topshots). The way it works is that I put in a bid for a player, they charge my credit card in USD and then if my bid was unsuccessful, they refund my credit card for the exact same amount in USD within seconds. What I am finding out now is that for a lot of my unsuccessful bids, I am paying significant fees to TD because they claim that the exchange rate is fluctuating by a rather significant? amount. Now I understand rates change but the fluctuations seem staggeringly large on my statements. Here is an example bid which failed: I was charged $358.20 USD which was converted at 1.30226 for $466.47 CAD and then refunded seconds later for $358.20 USD which was converted at 1.22909 and a refund in $440.26 CAD. So I lost out on $16 on exchange rate fluctuations according to TD but I smell some bs on that claim. Is it possible for the exchange rate to go from 1.30226 to 1.22909 within seconds? I thought the exchange rate rarely moves like a .01 point a day, what the deal here?
I have a few of these charges, not sure if its worth it to get on more long calls with a CSR over it. Was hoping someone here has some insight into this.
I am using my TD Aeroplan card to buy items at this online auction place (Nba Topshots). The way it works is that I put in a bid for a player, they charge my credit card in USD and then if my bid was unsuccessful, they refund my credit card for the exact same amount in USD within seconds. What I am finding out now is that for a lot of my unsuccessful bids, I am paying significant fees to TD because they claim that the exchange rate is fluctuating by a rather significant? amount. Now I understand rates change but the fluctuations seem staggeringly large on my statements. Here is an example bid which failed: I was charged $358.20 USD which was converted at 1.30226 for $466.47 CAD and then refunded seconds later for $358.20 USD which was converted at 1.22909 and a refund in $440.26 CAD. So I lost out on $16 on exchange rate fluctuations according to TD but I smell some bs on that claim. Is it possible for the exchange rate to go from 1.30226 to 1.22909 within seconds? I thought the exchange rate rarely moves like a .01 point a day, what the deal here?
I have a few of these charges, not sure if its worth it to get on more long calls with a CSR over it. Was hoping someone here has some insight into this.