Best U.S. Dollar credit card in Canada for 2020 award seal

U.S. dollar credit cards can sometimes be confused with foreign transaction credit cards, but they aren’t the same at all.

Foreign transaction credit cards save you on currency conversion fees, while U.S. dollar credit cards never convert currency at all, keeping your currency in U.S. funds and avoiding conversion fees altogether.

You can view them here.

That being said, they only make sense if you have a USD bank account with a balance you can use to pay off your U.S. card. Otherwise, you’re going to have to convert your Canadian dollars to USD first to pay off your USD credit card. Doing that is likely more expensive than just letting your CAD credit card do the conversion for you.

While these cards are not useful for everyone, a U.S. dollar credit card makes a lot of sense if you:

  • find yourself making a lot of purchases in U.S. funds,
  • travel to the United States frequently for either work or vacation,
  • have a U.S. bank account, or
  • receive income in U.S. funds.

If one or more of these things are true for you, consider picking up one of these U.S. dollar credit cards – it could really help you save in the long run.

Best U.S. dollar credit cards for 2020

Here are some of the best U.S. dollar cards you should take a look at:

CategoryCredit Card
Best U.S. dollar VisaRBC U.S. Dollar Visa Gold
Best low fee U.S. dollar VisaTD U.S. Dollar Visa
Best U.S. dollar MastercardBMO® U.S. Dollar Mastercard®*

Review all top 10 U.S. Dollar credit cards here.

The best U.S. dollar Visa credit card

Our top spot for the best U.S. dollar credit card goes to the .

While most U.S. dollar credit cards don’t have many frills or benefits, this card definitely sets itself apart by also giving you 1 point for every $1 you spend.

For a $65 (USD) annual fee, it also comes with a comprehensive suite of travel and purchase insurance.

The best low fee U.S. dollar Visa with great insurance

If you want a U.S. dollar Visa with a lower annual fee, the is a good option.

Although it doesn't offer any rewards, you'll still get 7 different types of insurance coverages. Plus, it also gives you a 10% savings on the base rate on car rentals with Avis and Budget.

The best U.S. dollar Mastercard credit card

For a $35 (USD) annual fee, the is another top card to consider when looking at U.S. dollar credit cards.

What's cool about this card is your annual fee is waived for each year you purchase $1,000 USD or more.

It also comes with extended warranty and purchase protection insurance.

Compare U.S. Dollar Credit Cards

Featured In

The Globe and Mail
thestar.com
Huddle.today
Morningstar