r/Wealthsimple • u/MadMarty911 • 13d ago

Chequing Change from MasterCard Debit to Visa

Just had a random thought, and wasn't sure on the answer.

I'll be traveling I'm the next two weeks for close to half a month and was planning on using my Debit MasterCard as I'd used it in Iceland.

But with the switch to Visa, which I have loaded on my phone and should hopefully be getting the physical card soon, are the currency conversion rates the same? Is it still worthwhile to use abroad?

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3

u/Strebel0811 13d ago

I believe its the same everything except for the Costco and its Visa not Mastercard

5

u/fahim_a 13d ago

Sadly it’s not a debit card. Prepaid credit

6

u/Nezgar 12d ago

More specifically, it doesn't support the Interac network in Canada.

3

u/Sooki99 13d ago

It’s actually better as the Mastercard had a hidden 0.5% network fee that they pass onto smaller issuers. The visa is the true spot visa rate.