Actually quite hard to determine which is better because the bank might use their own rates instead of Visa / MasterCard rates to calculate the conversion. If you want a 0% conversion charge, go for AmBank TRUE Visa Credit Card. It calculates based on Visa rates with no extra markup / conversion fee.

Transaction Type	Aeon Watami
Transaction Date	09/06/2016
Posting Date	12/06/2016
Transaction amount	JPY2590
Amount charged	RM100.26
rate	0.038710
visa rate	0.038329
Difference	(100.26 - 99.27) / 99.27 =1%

Transaction Type	Maybank 2 Card Amex
Transaction Date	9-Jun-2016
Posting Date	13-Jun-2016
Transaction amount	JPY9828
Amount charged	RM383.52
rate	RM383.52
oanda rate	374.389
Difference	(383.52 - 374.389) / 374.389 = 2.4%

This post has been edited by kenjixx: Jun 14 2016, 04:56 PM

Transaction Type: Standard Chartered WorldMiles Card
Transaction Date: 10/06/2016
Posting Date: 14/06/2016
Transaction Amount: AUD 151.03
Amount Charged: MYR 509.17
Rate: 0.296619
MasterCard Rate: 0.332259
Difference (0.332259 - 0.296619) / 0.332259 = 11.82%

Called the Standard Chartered for a few time, and they said the selling rate of the bank is 3.3X, which is 10% higher than market rate.
And they can't do anything about it

Guess think is my last foreign transaction done by standard chartered credit card
And for those who use their credit card, please beware!!

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This post has been edited by ragk: Jun 17 2016, 11:06 AM

your posting date so fast .. which public bank debit card are you using?? if it is PB Visa Lifestyle Debit Card its suppose to be 1.0% on all overseas purchases

Hmmm i think i misunderstood about the posting date lol. So the real amount deducted is depend on the posting date amount not the amount i get in the SMS?
And yes im using it's PB Visa Lifestyle Debit Card.

btw, get this statement from pbbank Transactions made in foreign currency will be converted to Ringgit Malaysia using US Dollar (USD) as the base currency, so when i doing calculation, its EUR > MYR directly, or shud EUR > USD > MYR?

This post has been edited by ragk: Jun 17 2016, 10:41 AM

just notice ...
your transaction date and posting date is today why are you calculation the bank rate charge to you with last month rate??

just calculate and see how much difference then only decide you want to continue using this card for transaction or not. other people can see the rate also can help other people decide
the sms u get is in foreign currency right at that time no calculation make yet..
transaction date is the date that you make transaction
posting date is the date that transaction appear in your bank statement bank use the rate of that day to do calculation

typo haha, because i copy the template over forgot to change the month for Visa Rate
ok so mean i misunderstood, my exact transaction amount is yet to calculate... Thx for explain boss

This post has been edited by ragk: Jun 17 2016, 11:08 AM

Transaction Type: PB Visa Lifestyle Debit Card
Transaction Date: 17-06-2016
Posting Date: 18-06-2016
Transaction Amount: EUR 59.17
Amount Charged: MYR 277.86
Visa Rate @ 17/06: 4.638031
Difference: 1.2%

Transaction Type	AEON BIG GOLD VISA CARD
Transaction Date	13/05/2016
Posting Date	15/05/2016
Transaction amount	US$ 10.53
Amount charged	RM42.99
rate	4.082621
visa rate	4.042596
Difference	(4.082621 - 4.042596) / 4.042596 =1%

Transaction Type	AEON BIG GOLD VISA CARD
Transaction Date	13/05/2016
Posting Date	15/05/2016
Transaction amount	US$ 30.99
Amount charged	RM126.53
rate	4.082930
visa rate	4.042596
Difference	(4.082930 - 4.042596) / 4.042596 =1%

Transaction Type	AEON BIG GOLD VISA CARD
Transaction Date	13/05/2016
Posting Date	15/05/2016
Transaction amount	TWD 1930
Amount charged	RM241.39
rate	0.125073
visa rate	0.123835
Difference	(0.125073 - 0.123835) / 0.123835 =1%

Transaction Type	Aeon Watami
Transaction Date	17/06/2016
Posting Date	19/06/2016
Transaction amount	THB 10,100.00
Amount charged	RM 1193.55
rate	0.118173
visa rate(17/06)	0.116857
Difference(17/06)	1.126%
visa rate(19/06)	0.117003
Difference(19/06)	1%

Transaction Type	Ambank Carz Platinum Mastercard
Transaction Date	24/06/2016
Posting Date	26/06/2016
Transaction amount	GBP110
Amount charged	RM 629.70
rate	5.724545
master rate(24/06)	5.665181
Difference(24/06)	1.048%

Transaction Type: HSBC Visa Platinum
Transaction Date: 18-06-2016
Posting Date: 21-06-2016
Transaction Amount: EUR 111.86
Amount Charged: MYR 534.23
Visa Rate @ 18/06: 4.650868
Difference: 2.27%

Gosh....

This post has been edited by ragk: Jul 1 2016, 01:34 AM

You should calculate based on the official rate at posting day, not transaction day...

Official visa rates already has a spread of .8 to 1.2% over the median rate...

Transaction Type: M2C Amex Gold
Transaction Date: 16-05-2016
Posting Date: 18-05-2016
Transaction Amount: EUR 400
Amount Charged: MYR 1874.63
Oanda Interbank Rate @ 16/05: 4.5758
Difference: ~2.5%

Transaction Type: M2C Amex Gold
Transaction Date: 30-06-2016
Posting Date: 02-07-2016
Transaction Amount: EUR 459.18
Amount Charged: MYR 2119.15
Oanda Interbank Rate @ 30/06: 4.4783
Difference: ~3%

After a comparison to Visa rate at my side, AMEX does have better exchange rate for Euro. The only thing is higher spread.

Anyone knows which bank's Master or VISA has the lowest exchange rate for oversea transaction in USD?

Just called Citibank, even though their website mentioned 1%, but their charged are actually 2.5%, 1% (bank charge) + 1.5% (visa charge), perhaps the 1st page shud update

If u spend in foreign currency, the exchange rate is based on the post date conversion rate decided by Visa, so the diff is on the charges by bank, so far from all the members sharing, AEON rate are the best which is around 1%

There are 2 visa sites to check exchange rates, one in the USA and another for visa Europe....the rates are slightly different.... which one will process msian cards?...

Not during the transaction date/time? Is on posting date/time?