International Transactions
Transactions incurred will be converted to Ringgit Malaysia using US Dollars as the base currency on the date the item is received and/or processed at such exchange and at such time as may be determined by VISA International/MasterCard Worldwide at its absolute discretion plus administration cost which is to be imposed by the card issuing bank. The exchange may differ from the rate in effect on the date of the transaction due to market fluctuations. Such rate imposed shall be final and conclusive and the Cardmember shall bear all exchange risks, losses, commission and other bank charges which may thereby be incurred.
Rates are below:

Local Banks
- Maybank VISA/MasterCard : 1%
- Maybank American Express with Maybank logo on top : 2.5%
- American Express : 0.5% + 2.5%
- CIMB Bank : 1%
- Public Bank : 1.25%
- RHB Bank :
- AmBank :
- Hong Leong Bank VISA/MasterCard: 1%
- EON Bank : 1%
- Affin Bank :
- Alliance : 1%

Foreign Banks
- HSBC : 1.25%
- OCBC bank : 1%
- Standard Chartered : 1%
- UOB Bank : 1%
- Citibank : 1%

Exchange rate estimator :
http://corporate.visa.com/pd/consumer_serv...er_ex_rates.jsp
Mastercard Global Forex Rates
[url=http://www.oanda.com/convert/classic?user=americanexpress]
[url=https://www.fx4you.com/australia/americanexpress/converter/convert.cfm]


Please post all your foreign transactions here so we can compare the rates. Kindly include the
- transaction date
- amount charged in foreign currency
- amount billed in MYR
- final exchange rate


From users posted rate by various credit card issuers
This post has been edited by MilesAndMore: Mar 29 2017, 04:48 PM

know from many senior here that MBB Visa/Master is lowest

Would be great if someone can use the Standard Chartered VISA Infinite and Maybankard 2 American Express on the same day so we can see which one is giving better rate for foreign transaction, preferably on weekdays (so we don't have to factor in the MBB2 AMEX weekend 5% rebate when making a conclusion).

SC Visa CC: 16/4/11: EUR 1,368.57 MYR 6,108.90

This post has been edited by francistcc: Apr 21 2011, 08:52 PM

Forgot that i also bought something online just a few days ago and was charged in USD. Anyway, here you go.

Maybank
17 Feb 2011
- USD44 > RM134.74 (HKD1 = RM3.0623)

**Wawasan Sentosa's HKD rate on 17/2/2011 was USD1 = RM??

By the way, the payment was actually made on 18/2/2011 (Malaysia) but the transaction date is recorded as 17/2/2011 in Maybank's system. Paypal is a company based in California and 15 hours behind Malaysia.

Thanks for the Visa converter link.

However I feel that we all must use the same reference for comparison purposes e.g. wawasan sentosa or BNM.

This post has been edited by Gen-X: Apr 22 2011, 07:57 AM

-deleted-

This post has been edited by simplesmile: Apr 24 2011, 09:40 PM

anyone can tell me whether use SCB business plat visa CC or Maybank 2kard visa CC to do online transaction in USD has better exchange rate? consider that SCB give 3x point for oversea transaction + 0.5% cashback but maybank2kard visa only give 1 point. From the info here. SCB charge 1% for transaction whereas maybank visa charge 0.5%. so which card would be better for oversea purchase? thanks

Just used my SCB Business Plat in Bali and was charged around 2.79 rate inclusive of the 1%. It was not too bad.

Maybankard2 Visa
11-Mar-2011 (posted on 13-Mar-2011)
AUD$14.43 -> RM44.93
CC Forex : 3.1137
Wawasan rate : 3.0850 / Maybank rate : 3.0960

10-Mar-2011 (posted on 12-Mar-2011)
AUD$5.98 -> RM18.52
CC Forex : 3.0970
Wawasan rate : 3.0850 / Maybank rate : 3.1090

Maybankard2 AMEX
09-Mar-2011 (posted on 11-Mar-2011)
AUD$5.98 -> RM18.87
CC Forex : 3.1555
Wawasan rate : 3.0850 / Maybank rate : 3.1070

*** The transaction of AUD$5.98 was done on the same night, minutes apart only.

This post has been edited by ronnie: Apr 26 2011, 10:33 PM

If you're given a choice of mastercard or visa from the same bank, then which you prefer to apply?

Thanks!

it is up to u, visa or master not much difference

Thought that too until I saw this
source: Affin Bank

ya, 0.5%

That is what ALL bank credit card says, but in fact, they sneakily suck ur money from the high exchange rates.

I've tried the following credit card @ Australia:

SCB Business Visa Platinium - expensive
Maybankard 2 Gold Card - VISA: cheapest / AMEX: expensive
Citibank Platinium Cash Back - expensive

All 3 banks I called to ask if there are extra changes and all said none. Just sharing...

The senior guys here have compiled and posted all the information when using cc overseas. And when people share the rates here, it is defined quantitatively - readers can judge/calculate for themselves the additional percentage the bank charge vs the prevailing market rates. Now, please note that even you change your money at the money changer, someone has to make a profit. So whatever exchange rate you obtained is always higher than the interbank rates.

You posted a subjective answer (questionable) vs. a quantitative answer which cannot be disputed. Your definition of "expensive" can be misleading for newbies browsing in this thread. People who are sensitive to even 0.1% extra would define the charges as expensive if follow your method of categorization the term "expensive".

This post has been edited by hye: Apr 30 2011, 06:57 PM

The exchange rate is determined by VISA, MasterCard or AMEX la duh. That's how they make money.
And I don't trust what our crappy bank officers from Malaysia said, most of them have little idea what they are really selling.
See below, all 3 banks you mentioned has additional fees as stated in their "fees and charges" section.

SCB --> 1%, source: SCB "fees and charges"
Maybankard 2 Gold Card - VISA --> 0.5% for VISA, 1.5% + 0.5% for AMEX. Source: Maybankard 2 Gold Application form. The AMEX 1.5% might be a typo, as everywhere else I see 2.5% for their AMEX cards.
Citibank --> 1%, source: Citibank "fees and charges"

Definitely a typo. It's 0.5% for their VISA and MasterCard and 0.5% + 2.5% for their AMEX.

any website that can see amex foreign exchange rate ? as i can see visa got a website but can't find amex anywhere..

Nope...