did you know that in canada, the only way to make a purchase over $5000 CAD is with a credit card?

unless the merchant accepts wires, you cannot use funds in a chequing/savings account, debit or visa debit cards, prepaid cards, etc. all are capped at 3-5k single purchase and/or 3-5k daily limits in the name of AML. you also can’t withdraw that much cash at one time without hitting daily limits.

it is truly absurd to *require* that a credit issuer offer you e.g. 10k of credit (or more) via a CC or LOC in order to spend 10k of your own money that you already have.

For Americans, $5000 CAD is ~$3.50 USD 😢