Wow sounds like a good deal! Thanks SamD, is this the card which you’re referring to?
https://ringgitplus.com/en/credit-card/Bank...#ReadMoreReview

By the way, is it due to they’re having some kind of promotion now?

Thank you

Yes, it's the Platinum Mastercard you referred to from RinggitPlus link. However, I applied directly to the branch.

The 0% markup on all overseas transactions is not a promotion, but it's one of the card features according to Bank Rakyat's website.

This post has been edited by SamD: Feb 26 2018, 08:33 PM

Thank you so much SamD!

Transaction Type BankRakyat Platinum Mastercard
Transaction Date 20/2/2018
Posting Date 21/02/2018
Transaction amount USD 936.48
Amount charged RM 3,661.54
Mastercard rate @ 0% US 1 = RM 3.901955
Bank rate US 1 = RM 3.901955
Difference 0%

This post has been edited by SamD: Mar 11 2018, 07:29 AM

Guys would like to know if there is any C/C, that allows cash back or good points system for overseas transaction.

currently using hsbc visa signature. but i travel alot overseas. High exchange rate, only got 6x free access for PPL.

Please suggest. Thanks

going to overseas soon, may I know which cards should I use
1. Public visa signature
2. Citi premiermiles (new member, got promotion spend rm5k to get back rm500)
3. Maybank(amex,fcb VS, mastercard)

I check from previous thread, PBB vs is 1.25% and Citibank is 1.4%?

I think still better to choose the foreign currency rather than RM.

Your bank rate of 3.901955 is not correct. It should be 3661.54/936.48 = 3.90989 (or 3.9099 if you round to 4 decimal places).

This would match back with the Mastercard rate @ 0% as at the posting date (not transaction date) of 3.9099.

End result is still same, BankRakyat Platinum Mastercard does not charge any forex fees.

Thanks Bro for pointing out the mistake in my calculation. Nevertheless, as you noted the end result is the same and most importantly BankRakyat has no markup on forex, couldn't be happier

This post has been edited by SamD: Mar 11 2018, 07:27 AM

Anybody know if there is another card like the Bank Rakyat one which has 0% markup on forex?

Try HL I'm Mastercard. I just applied, havent use it yet.

I tested. PBB VS win
PBB = 1.25%
Citibank = 1% + (1.4-1.6%)

So if can avoid citibank at all cost

This post has been edited by cashie: Mar 15 2018, 09:18 AM

it seems complicated for the application form
u choose ur own credit limit
and then this is the parts which I had no idea at all
which option to tick ??


Attached thumbnail(s)

Easy, just tick the first option for all. In simple terms, the credit facility they provide to you is tied to a fixed amount of commodity value, hence your liability is limited vs conventional credit card where it's not. BankRakyat follows the Islamic principle, the officer should explain this to you better. In regards to credit limit, you can state your preference but it's all up to the bank's credit assessment. They will then assign you the suitable credit limit. Hope this helps. Good luck.

Can anyone suggest the best Credit Card to spend oversea? Or better change at Money Changer?

is the best option is mbb 2 card amex , which got 5% weekend , so it may cover the admin fee and still get cb from that ? am i understand corret?

Would like to know how can you see the visa exchange rate..when i go to visa website need to input bank fee..if using Hongleong..it is 1%?

need someone help me on calculation..

Transaction Type Hongleong debit visa
Transaction Date 31/3/2018
Transaction amount USD 45.47
Amount charged RM 183.33

so 183.33/45.47 : 4.031..so high?

another 1..
transaction type :paypal using hongleong debit visa
transaction date 30/3/18
transaction amount: 1.40usd
amount charged :myr 5.54

so 5.54/1.40 :3.957

are my calculation correct?

hard to say. forex varies from time to time. you may purchase at expensive rate at money changer before you travel, and forex drop when u sign with CC.... haha.... if you are looking for lowest charges for spending overseas, AmB WMC would be best, no forex charge, only admin fee... and RM1 earns 1airmile points (asiamile, enrich, krisflyer)


5% is limited to RM50 only (which means max spending RM1000 for 5%CB).


you would need to look at posting date. 1% is bank admin fee, there is another forex charge. you can put 0% to get the exact VISA charge rate, then figure out forex charge %

okay..for example

transaction type :paypal using hongleong debit visa
transaction date 30/3/18
posted date 30/3/18
visa rate @0% : 3.871113
transaction amount: 1.40usd
amount charged :myr 5.54

5.54/1.40 = 3.95714

3.95714 - 3.871113 = 0.0860/3.95714 x 100 = 2.174% charge.

i thought maximum would be 2%?..1 % bank + 1% visa charge?

Transaction Type: Ambank Visa Infinite
Transaction Date: 2/3/2018
Posting Date: 5/3/2018
Transaction amount: SGD 10
Amount charged: RM 30.42
Visa rate: 2.97
Bank rate: 3.42
Difference: 2.2%

Thinking to apply Ambank WMC now!

transaction type : cimb bank mastercard debit
transaction date : 2 april 2018
posting date : 4 april 2018
transaction amount : 1.84 usd
amount charge : rm7.25
mastercard rate : 3.87 (1 USD = 3.86894)
bank rate : 3.94
difference :1.781%

mastercard rate better than visa ( cimb vs HLB)