my bank rakyat card had 0% foreign exchange fee. anyone else had use one?

I recently heard airasia bigpay master debit card.
According to their sales agent, it is based on mastercard rate on the transaction date.

no admin fee + forex change.
I still prefer ambank WMC though

anyone tried Aeon credit card? checked with CS, the service fees is 1% only and no other charges.

It should be 0% based on their campaign. So far I have not seen that they withdraw the campaign.

I think not many of us here ever tried to use either Bank Rakyat Debit/Credit Card. Perhaps you can try and then let us know about it.
👍👍

Transaction Type	MBB M2C AMEX
Transaction Date	17/02/2018
Posting Date	19/02/2018
Transaction amount	GBP 24
Amount charged	RM 135.58
AMEX rate @ 0%	GBP 1 = RM 5.51138213
bank rate	GBP 1 = RM 5.64916667
Difference	2.5%

This one I just tried M2C AMEX since someone just posted that AMEX rate these few days might be lower than Visa/Mastercard. The AMEX rate at 0% above is just assuming that 2.5% AMEX charge applies for my transaction.

Now compare if I use MBB Visa Debit/Visa Credit.

Visa Exchange rate @ 0 % at 19/02/2018 (posting date) GBP 1 = 5.537834

If I pay via MBB Visa Debit, I would pay RM 134.57 (1.25%), 1 GBP = RM 5.60708

If I pay via MBB Visa Credit, I would pay RM 135.90 (2.25%), 1 GBP = RM 5.6625

Definitely I would pay less if I pay using MBB Visa Debit, but since this transaction is on weekends, might as well use M2C Amex. And looks like AMEX have low FX rate based on this case.

Guys, I have been reading till 2016 posts lol...noted that public bank vs gives 1.25%...just wanna check is it worthwhile to apply another card eg: AmBank world mc, aeon card or even the Bank Rakyat if the rate is way cheaper...as I go overseas quite often...wanna save on exchange rates. And good not to carry so much cash as well.

Maybe for aeon and AmBank world 1% is not much difference.

Bank Rakyat if 0% worth considering! But is it well accepted worldwide?

Thanks for your advice!

my apologies is this has been discussed many times. When using credit card overseas, usually we go with local currency / foreign currency selection during payment?

always go with the foreign currency and not MYR

Is there any VISA based prepaid or debit card that has 0% transaction fees?

what if we have the option to select currency for online payment, eg. airbnb?

Just wonder using Credit card oversea better or change the cash note better?

reason for me to prefer credit card over cash is all the coins that you obtain from the change

I'm in the same boat like you and just got the Bank Rakyat Platinum mastercard for my recent overseas trip. With the 0% markup on all overseas transactions it's really worth it. It's mastercard so it's accepted worldwide.

how about the exchange rate? Money changer better or credit card?

If I'm not mistaken bank rakyat debit card is Visa. Maybe you can try get one from them. But this card got annual fee of Rm8 (waived for first year). Now it got promo whereby 0% mark up rate for overseas transaction. But none of us here have posted their transaction using this card. Maybe you can be one 😂😂😂

I think their cards are all Mastercard? I will call to enquire.

I recently used the below cards to receive money.

Charges applicable
- Maybank Barcelona Visa Signature =2.3%
- Public Bank Visa Signature = 1.37%

I am still trying to find a Visa card that can receive money with 0% charges.
I've used a mastercard before that has 0% charges, but I need a Visa instead

Not really sure what do you mean by ``receive money``. Usually cards are used to spend, not to receive money. ie debit cards are attached to savings account, credit card is used to spend within the limit of your credit card.

So I'm not sure what do you mean by 'receive money' here...

Merchants and payment providers overseas can "send" money into your credit card / debit cards. Sometimes the money is sent as a result of a product refund (different from a payment reversal), sometimes the money can be sent like a bank transfer.

If foreign currency is sent, then it gets converted based on VISA/Mastercard's rates minus any fees/markups

An example...
When you claim back Value Added Tax, VAT (we call GST in Malaysia) when leaving Europe, you can choose to receive VAT (GST) refund in cash or direct credit to your Visa/Mastercard.
Refund to a Visa/Mastercard enjoy better exchange rate and more convenient than refund in cash (long queue)!

Alright noted. Never experienced that before. But I've had a few refund to my MBB Visa Debit due to no show from airline and usually the rate is quite favourable since sometimes rate at the time of refund issuance is higher than the time you make the purchase.

However, I am not sure about such cards that have zero charges on receiving fund though. My experience on refund is the difference is quite minimal which is around 1 to 1.5% due to exchange rate fluctuations. In other words you'll not get the full amount you expect😊😊