Wise shows you the market rate but adds extra charges, it’s only fair to include those fees on the rate when comparing it with other options.

Also, the Mastercard rate today is 1 Malaysian Ringgit = 0.209731 Euro today, not sure where your rate is coming from.



This post has been edited by Steve78: Jun 2 2025, 08:01 PM

Wise add on fees while JumpStart doesn't add on fees.

but i suggest do comparison between wise and 0% fee mastercard rate. depending on the time of the day/week, one will be cheaper than the other. i made a mistake of not checking. made a usd1600 purchase on sunday, ended up about rm70 more as compared to wise when i used gxcard, which is the same amount as the mastercard site. checked again on next day monday morning, mastercard still showed the same 'weekend' rate.

Wise memang expensive. That's why I never use wise at all.

Ambank is super slow in reflecting foreign transaction. Transaction made on 28 May is still floating.

i was saying gxbank was about 1% more expensive than wise on that particular day. no harm to check, really.

Does your ambank cards (which one?) still show 0% foreign transaction fee? As im seriously considering to apply for it as i'm using Wise alot.

No idea how to check. But it took them 7 days to post the transaction and by the time the rate already increased.

Perhaps u can check by looking at the statement. the currency price and final MYR price. from there we can see whats the exchage rate.

Here's two sample:

Transaction Date: 5 May
Posted Date: 10 May
1000 Yen
RM30.46

Transaction Date: 28 May
Posted Date: 4 June
3000 Yen
RM90.48

Would you be able to calculate?

If i base on the 28 May transaction, its about RM1.75 more expensive than Wise. It's not bad for a credit card i think cause hard to tell which fx date they grab it from. Which ambank cc is this?

Spb VI

These 3 ambank cards have 0% foreign transaction fee.

1. Ambank True Card
2. Ambank M Card
3. Ambank Bonuslink Card

All other ambank cards have 1% charge.

And I'm personally using Ambank Bonuslink.

This post has been edited by Mr Gray: Jun 22 2025, 10:20 AM

Since I might be travelling to oversea, I had made comparison for a few currencies between Wise and Mastercard (Jumpstart) exchange rate.

USD:




SGD:




EURO:




JPY:

Continued from previous post due to number of picture limitation

Baht:




GBP:




It seems like even with recent fee increased, Wise can still be cheaper for some currencies while Mastercard is not always cheaper than Wise even without conversion fee. Did I make any mistake in this comparison?

I tested USD n SGD, wise rate still more expensive.

I think it also depend on the time you check the exchange rate. I found that almost all currency is more expensive in Wise if you check it at night while if I check it in the afternoon, Wise some time can be slightly cheaper. Another thing I found out is, USD is always more expensive in Wise no matter what time you check.

12/08/25 RHB visa infinite
39332 Yen
Charged RM 1157.41
Visa calculator: RM 1134.60
Mark up over visa: 2.01%

I called bank for clarity. The bank insist that they only charge 1% on top of the visa rate. I compared the visa rate provided by the bank is actually already mark up 1%. Does that mean visa also charge 1%?

Around +1% hidden charged by Visa International if use a credit card.
Not limited to RHB.

Cheaper if use debit card or prepaid card.

I guess UOB is really charging 2.22%...

Date: 17/9/2025
5427 JPY
Charged RM 160.23

When I keyed in 2.2% in VISA's calculator, it was only RM 160.19/20

But after I added the 2nd decimal point (2.22%), it tallied with the final amount (RM160.23)

When I checked on XE, it was around RM154/155 yesterday, so...

Is EVOL's 5% CB for online transactions enough to cover?