Msian banks are non transparent in this respect, so you will get a RM figure more than the median rate, and more than visa/MC rate....The exact percentage is guess work by people here calculating, usually 1 to 2 %....

The rate will always be better than money changers at msian airports, but worse than downtown changers...

Nothing beats the very competitive changers in mvm....

I don't know of any cc that gives rates better than downtown money changers nowadays....

However for a while in the past, perhaps 3 years ago and prior, some banks did convert cc foreign currency purchases at very good rate....Better than changers...

Downtown money changers in Msia gives the best rates....

But for convenience, and for large sums, and sometimes for unexpected expenses, cc is useful...

Also, in some countries, they have almost gone completely cashless....eg NZ and Oz....you can use card for everything, including buying newspapers...

Downtown money changers in Msia gives the best rates....

But for convenience, and for large sums, and sometimes for unexpected expenses, cc is useful...

Also, in some countries, they have almost gone completely cashless....eg NZ and Oz....you can use card for everything, including buying newspapers...