Say farewell to foreign currency transaction charges
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Say farewell to foreign currency transaction charges

If you’re like most Canadians who use a credit card when travelling abroad you’re probably used to paying a foreign currency charge in addition to the exchange rate. Sears is changing that.

Sears Financial MasterCard® and Sears Financial VoyageTM MasterCard® cardmembers do not pay a foreign currency transaction fee on international purchases*. Enjoy the freedom of spending, knowing you won’t be charged 2.5 % on your foreign purchases.

Example:

While vacationing in Italy, Richard spent €1000 using his credit card which charges a 2.5% foreign currency transaction charge in addition to the exchange rate. (The exchange rate is set by MasterCard International Inc.)

In this example, Euros are changed directly into Canadian dollars at an exchange rate of 1.298141**. FX
If there was a 2.5% foreign currency charge Richard would have to pay $1,330.59 in Canadian dollars, which includes a foreign currency transaction charge of 2.5% which is equal to $32.45.

But if Richard uses his Sears MasterCard or Sears Voyage MasterCard, he would save $32.45.

Apply for your Sears MasterCard at any Sears location

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