Recently just found out bank rakyat cc don't have any admin or oversea charge for oversea transaction.

is it good rates eg. 1% ?

hi , may i ask if you have tried to swipe the cc at overseas?
is the rate same as Mastercard /Visa online rate?
thank you

Basically 1% is typical admin charges by bank. then, there is another bank forex rate charge, which varies from bank to bank... can be 0.5% to 1.5%...
So, usually we don't just add up like that, because that forex charge also included that 1% admin charge, but that doesn't differ much by direct adding (e.g. 1+1.5=2.5)


usually mastercard/visa rate is just the base rate.. we need to add admin fee/charge, then forex charge of the bank... so yeah, you are right, bank charges in this case is 1.9... and assuming it is 1% admin fee + 0.9% forex charge...

yeah, usually there is minor ups and downs, few cents diff based on my experience (most of the time is lower). we shall follow posting date, as that is the date where bank officially post this transaction..

which card?

This post has been edited by ProxMatoR: Jul 27 2017, 12:14 AM

I didn't apply for the card. Just saw it appears in the bank rakyat website stated no additional charge for any oversea transaction

the best way to check is to perform the actual transaction. i remembered last time when i called HLB to ask about the charges, i was told 'no admin charge, no whatsoever additional charge'.

HLB? What card is it? Woots woots

Hi guys. Will need to make a payment of $USD 650 and trying to understand/estimate the actual charges in MYR that I will need to incur (can I get an quotation if i call the bank?). My objective is obviously trying to reduce the cost/exposure haha.

Did not have much time to read through the whole thread but understand that the charges by each bank/card stated on page 1.

Appreciate if anyone could provide some guidance. Currently have Citibank premiermiles card and planning to use that. Also understand that USD has gone up to MYR recently and should I wait for a while before I make my payment as I believe USD might depreciate soon then. Thanks

2/8/17 MBB Visa Signature Thai Baht 100=RM13.20, Money changer rate RM12.86 Not worth using credit card

Have you calculated how much is the bank fee incurred by MBB?

i got from money changer at rm13.00 today. not far from card price.

the credit card rate will be RM13.50 by then

Recently noticed bank fee below: (for paying foreign currency)

UOB : 2.3%
SCB : 2.2%
PBB : 0.9%
CIMB : 2.1%
Ambank : 1%
Citibank : 1%

Transaction Type: Maybank2 Amex
Transaction Date: 20/8/2017
Posting Date: 21/8/2017
Transaction amount: SGD282
Amount charged: RM910.86
Bank rate: 3.23
Oanda rate: 3.1511
Difference: 2.5%

Correct me if my calculation wrong

This post has been edited by hling510: Aug 22 2017, 01:53 PM

admin fee or forex rate charge? or both together??

looked right. same as others, AMEX 2.5%

I have a question on foreign transaction, i bought an item from UK at 100 pounds on monday, i sign on the transaction using my credit card with the choice of transacting in foreign currency rather than setting direct conversion to MYR on the day itself.

Subsequent to that i return the item(Within the stipulated period), hence a full refund of 100 pound will be refunded to my credit card.

As what i check my statement on monday i have lock on with a expense of RM565, however 3 days upon my return of my item, i got a refund amount of RM550.

Would like to clarified shouldnt the refund amount be net off at RM565? As its the same transacted item/merchant/amount in foreign currency?

Your experience and advice is much appreciated. Thank you.

Nope. It will register as a brand new transaction based on the transaction date & posting date. Thus, the forex rate will be different.

Yup aware its due to foreign translation different between both days, but shouldn't it be nett off the same, rather than there will be lost or gain at my side if the FOREX rate weaken or strengthen?

If so, i can arbitrage on foreign translation if i refund it at the right time, given our fluctuation of FOREX rate?

We are looking at foreign currency 100£, not MYR. MYR is after conversion, so bank will not look at it.

Transaction Type: HLB Essential
Transaction Date: 25/8/2017
Posting Date: 26/8/2017
Transaction amount: PHP3729
Amount charged: RM319.44
Bank rate: 0.08566372
Visa rate: 0.083985
Difference: 2%

This post has been edited by hling510: Aug 27 2017, 10:03 AM