NEW RBC CREDIT CARD FEE FOR FOREIGN PURCHASES?!?!?!

Postby **Team Loco** » October 12th, 2012, 8:10 am

I will stick with them since i get my frequent flier miles which gives me at least two free round trips per year on business class

EFFECTIC DESIGNS · Postby **EFFECTIC DESIGNS** » October 12th, 2012, 10:56 pm

since FCB is government owned why not go with them since you sure them could never go bankrupt?

pioneer · Postby **pioneer** » October 18th, 2012, 1:51 pm

not affected...RBL ftw

neilsingh100 · Postby **neilsingh100** » October 18th, 2012, 2:00 pm

EFFECTIC DESIGNS wrote:since FCB is government owned why not go with them since you sure them could never go bankrupt?

Just because government is the majority shareholder does not mean FCB cannot go bankrupt. In fact this may be the reason why they will go bankrupt. No account in FCB is backed by a government guarantee. In fact I remember government guaranteed Clico policyholders and look what happened there.

Postby **tr1ad** » October 18th, 2012, 2:02 pm

EFFECTIC DESIGNS wrote:since FCB is government owned why not go with them since you sure them could never go bankrupt?

really ? wow

just wow

Postby **W2J** » October 18th, 2012, 2:06 pm

looks like R*C adjusted the currency rate set by visa international, so they are making more per foreign transaction now.

Dizzy28 · Postby **Dizzy28** » October 18th, 2012, 2:16 pm

neilsingh100 wrote:
EFFECTIC DESIGNS wrote:since FCB is government owned why not go with them since you sure them could never go bankrupt?
Just because government is the majority shareholder does not mean FCB cannot go bankrupt. In fact this may be the reason why they will go bankrupt. No account in FCB is backed by a government guarantee. In fact I remember government guaranteed Clico policyholders and look what happened there.

But just as with any other commercial bank regular deposit accounts at FCB insured up to $75k by the DIC.