ZOOMER Magazine - - ZOOM IN - —Peter Mug­geridge

Whether you’re trav­el­ling to Europe, snow­bird­ing in Mex­ico or hit­ting the slopes in the U.S., you’ll in­evitably have to pay for din­ners, sou­venirs and sundry while trip­ping. Be­fore (when life was sim­pler), you’d go to the bank, stock up with trav­eller’s cheques and off you’d go. Nowa­days, we face the eter­nal co­nun­drum: is it more cost-ef­fec­tive to make for­eign pur­chases us­ing cash, credit or debit card? There’s a new al­ter­na­tive with CIBC and Air Canada part­ner­ing to of­fer the AC Con­ver­sion Visa Pre­paid Card. Not a credit card, in­stead, you buy – and store – up to 10 for­eign cur­ren­cies that can be spent at re­tail­ers that ac­cept Visa. Say you’re go­ing to Mex­ico for a month, you can load up with pe­sos on the card’s smart­phone app, then pay at a re­tailer with no additional fee. The card is chip and pass­word-pro­tected, holds up to $20,000 (Cdn equiv­a­lent in 10 se­lect cur­ren­cies), track your bal­ance, top up when needed and lock in at favourable (CIBC-set) rates. ac­conver­ for terms and con­di­tions.

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