Credit Card Forum
  1. #1
    Green Member
    Join Date
    Oct 2011
    vancouver, bc

    Default Canadian credit cards for US citizens?

    Hey y'all,

    I'm new to the forum.

    Recently, I moved from the US to Canada for work. I've established a Canadian bank account with TD bank here and will be using XE Trade for transferring funds -easy peasy!

    However, since I have no credit history here in Canada, TD says I'll have to secure (lock away and not spend) however much money I want a credit card for. For example, if I want a $3500 credit card, I must keep my checking account above $3500.

    Also, the rewards, or lack thereof, on TD's credit card is laughable.

    Any suggestions for a card that I can get more out of while being a US citizen, in Canada, w/out a Canadian credit history?

    Should I look into a US card that has no foreign transaction fees? Do you know of any?

    Please and thanks for any wisdom/experience!

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  2. #2
    Centurion Member Mogul of Pineapples's Avatar
    Join Date
    Jun 2008


    Do you plan on becoming a Canadian citizen? If not, your best bet may be to stick with credit cards for US citizens. Otherwise you will have to start out with a fresh credit history in Canada and there's no point in building that unless you plan on staying there permanently. And like you said, the secured cards they would start you with are laughable.

    As far as US cards with no foreign transaction fee, the Capital One Cash card might be worth considering. No annual fee, no foreign transaction fees, 1.5% cash back.
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

    Current Cards:
    American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Chase Sapphire Preferred
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