Chase Canada credit cards are known for waiving its foreign transaction fees, which can be extremely valuable if you travel abroad a lot However, Chase does actually have one exception, the Chase Best Buy Reward Zone Visa credit card. Yesterday, we wrote about how this credit card is a great choice for a no annual fee credit card. However, we recently learned that it is the only Chase Canada credit card exception that does not actually wave its foreign transaction fees.
My guess is that they do not want Canadians using this credit card to make purchases at the Best Buy Stores in the United States to take advantage of the waived foreign transaction fee. Maybe they have some sort of agreement with Best Buy Canada. Whatever the reason is, I would not even bother with this credit card since it only earns you a 1 points per $1 on all your expenses, but you do get a 2 points per $1 spent on purchases made at Best Buy; however you can only redeem your points at Best Buy. Each point is actually worth more than 1 cent each, so there is some value to be had.
Bottom line is, unless you shop often at Best Buy, there are so many other choices of better of no annual fee credit cards. If I had to pick one Chase Canada credit card, I would go with the Chase Amazon Visa.
- [ANALYSIS] Chase Amazon Visa
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- [ANALYSIS] Best Buy Reward Zone