Does Credit Card Purchase Lock in Exchange Rate for OBC

[cdn_tbird]

I know that when you make a pre-cruise purchase using OBC it will lock in the exchange rate and have used this to my advantage in the past. Right now, I want to avoid making a purchase with OBC so that it doesn't lock in however there is a purchase I want to make. Does anyone know if I pay by cc if it will still lock in my exchange rate?

[RTShaker]

4 hours ago, cdn_tbird said:

I know that when you make a pre-cruise purchase using OBC it will lock in the exchange rate and have used this to my advantage in the past. Right now, I want to avoid making a purchase with OBC so that it doesn't lock in however there is a purchase I want to make. Does anyone know if I pay by cc if it will still lock in my exchange rate?

Was your reservation in CAD or USD? If you paid in CAD then the charge to your account will be as well. The exchange lock in is when you start to draw down the USD OBC, which you are not doing at this time.

[cdn_tbird]

1 hour ago, RTShaker said:

Was your reservation in CAD or USD? If you paid in CAD then the charge to your account will be as well. The exchange lock in is when you start to draw down the USD OBC, which you are not doing at this time.

Yes my booking is in CAD, and do know that purchases are in CAD as well. My concern is that X takes the first purchase regardless of whether it's by CC or OBC as the lock-in point. We're sitting on 1500USD in OBC so locking it early could be costly.

 

With cruise over a year out and the way the CAD is tumbling I don't want to lock in too early. For example, on Sun. X's exchange rate was 1.3277 and today they've readjusted it to 1.3578. Some of the forecasts I've seen show it 1.502 - 1.512 range over the next 9 months.

 

The last time I got lucky was for our recent Alaska cruise that got bumped twice. I managed to lock-in @ just over 1.42 and by the time we started booking stuff prices were based on a 1.25 rate.