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Brim Financial credit card: no forex fee
February 11, 2018
5:02 pm
Peter
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May 15, 2007
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Thought I'd spin off a separate thread about Brim Financial since it was brought up in the discussion about the cancelled Amazon Visa.

https://brimfinancial.com/

Main details:

  • No foreign exchange fee (which is usually 2.5% on top of the exchange rate itself)
  • 3 different Mastercards: no annual fee (1 point per $1), $99 annual fee (1.5 points per $1), $120 annual fee (2 points per $1)
  • Taking applications now, but not actually processing them or sending out cards until March
  • Relatively unknown company
February 11, 2018
5:02 pm
Peter
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To be noted that their site is currently completely down and has been for at least 3 hours:

February 11, 2018
5:37 pm
Rick
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Peter said
To be noted that their site is currently completely down and has been for at least 3

Kind of an ominous sign for a new player. Doesn't inspire a lot of confidence right out of the gate.

February 11, 2018
10:30 pm
Loonie
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If this is really a good company to deal with, there will be opportunities later. Does anyone know who is behind it?
Why expose yourself to a hard credit check until you know it's worth it?

February 12, 2018
3:25 pm
Peseta
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Their site is up, and there is some public info about them:

https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=9369155

Looks pretty legit to me, and its nice to see new entrants in the Canadian no-forex credit card market. The card design isn't bad either, but they're still in the "coming soon" mode, so who knows when they might be ready to start issuing cards.

I've been pretty happy with Fido MC so far.

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