Ooooh... that makes Maybankard Visa/MasterCard not good for forex transactions... on the hand, most CC also at 1%

but sometimes I do think other banks use higher forex exchange despite this 1% fees

Now I not sure actually MBB Mastercard is better or VISA is better in term of foreign exchange rate.... But I somehow feel still MBB better in term of the exchange rate compared to other bank even they stated is 1% but it always exceed that charges fee.....

Hi all, would like to ask:
which CC giving better rate in term of buying app from google play store?
I own Maybank Platinum Visa, Master and gold Amex, and Citi cashback platinum?

Maybank Petronas Visa

Transaction Date : 26-Jan-2013
Posting Date : 28-Jan-2013
Amount charged in foreign currency : US$14.99
Amount billed in MYR : RM46.28
Final exchange rate : USD 1 = RM 3.087



looks like Maybank charge 1% now for Visa

This post has been edited by namh: Jan 29 2013, 07:43 PM

I just booked a room through Agoda just now. All this while i kept asking everyone to choose USD as the billing currency but this time i wanted to try to be billed in MYR with the exchange rate determined by Agoda system. But it was a BIG mistake!

I did check the rate both in USD and MYR. The rate shown in USD is **USD123.43/night while in MYR, it is **RM376. The Agoda USD/MYR exchange rate is **USD1=RM3.0463 which is a very good rate considering the money changer in Mid-Valley (MV Forex) is selling USD1=RM3.045 as of yesterday. I have a credit card that gives me 7% off and i also redeemed 25000 Agoda Rewards Points (equivalent to USD50).

Anyway, the hotel tax rate is 7%. 3x nights = USD370.29. So USD370.29 + USD25.9203 (7% tax) = USD396.2103. But after factoring in the 25000 points i redeemed (worth USD50) and the 7% discount on base room rate from my credit card, the final payable amount in USD is USD320.29 only!

As i viewed the hotel room from the first page to the final confirmation page in MYR only, i was automatically billed in MYR and the amount billed to my card is RM1004.25. This means Agoda's USD/MYR
is USD1=RM3.1354!!! This is actually very very high! I have no idea how come the final exchange rate suddenly became so high because the initial exchange rate shown is actually very good (**refer to 2nd paragraph).

Anyway, the bottom line is, whenever you are booking a room through Agoda, always choose to view the room rate in USD and make sure you choose USD as the billing currency at the final checkout page.

This post has been edited by MilesAndMore: Jan 30 2013, 12:11 AM

I remember asking whether should I pay in MYR or local currency and you replied in USD. Unfortunately, I already made the bookings in MYR that time. Now dont wanna go back to calculate and feel the pain

(Gen-X, in his blog about Agoda, mentioned that he selected MYR so that dont have to worry about conversion rate )

Yeah. I have always insisted on selecting USD as the billing currency when booking a room on Agoda but cenduku said that Agoda's rate is better when he booked a room last month. Since i had to book a room and Agoda offered the lowest room rate for that hotel i wanted to book, i thought i'll give it a try as well. At first, it seems that cenduku was right. The Agoda's MYR rate does seem better (refer to my 2nd paragraph of my last reply). However, the exchange rate ballooned from USD1=RM3.0463 (this was the difference of USD/MYR when selecting the hotel) to USD1=RM3.1354 at the final checkout page. However, as i was viewing the price in MYR all the way, i did not notice this until i received the hotel voucher from Agoda

Speaking of bro Gen-X, he's been MIA for almost a month...

thanks miles for your try although it came out to be some cheating by Agoda. last time, i booked through Agoda and choose USD because of advice that was given so far. I note that the MYR exchange rate was lower but I assume the exchange rate using USD will be better. but it turn out otherwise. Now I understand this is just a gimmick by them...perhaps exchange rate before +/- forex fees.

Best is to try in both currencies like what Miles did and make a comparison.

With the changes to Maybank Visa/MC rate, I wonder if it is still lower than the rest. I will still stick with Maybank Visa for the moment.

(Bro Gen-X is probably away somewhere, on an exotic place with no internet connection )

Contributing some data here....

Transaction Date : 31-Jan-2013
Posting Date : 1-Feb-2013
Amount charged in foreign currency : US$249.03
Amount billed in MYR : RM793.70
Final exchange rate : USD 1 = RM 3.187

Looks like I got a bad deal... 3% charge by bank? (Maybank AMEX)



This post has been edited by poolcarpet: Feb 4 2013, 11:21 PM

Because it's an AMEX. Do refer to the 1st page for more information

lesson learned... not gonna use AMEX for any non RM transactions.. or even overseas....

"- Maybank VISA/MasterCard : 1%
- Maybank American Express with Maybank logo on top : 2.5%"

AEON's Overseas Transaction Fee is now only 1% (previously 1.5%)... anybody used this card for overseas transactions ?

Dont use AMEX when you were at oversea or for any foreign currency transaction... I learned my lesson for the air ticket been booked using AMEX but luckily the airline refund me back the amount..

Maybank Petronas Visa

Transaction Date : 07-Feb-2013
Posting Date : 09-Feb-2013
Amount charged in foreign currency : IDR 820,000
Amount billed in MYR : RM 265.72
Final exchange rate : IDR 1 = RM 3.24

Visa Exchange Rate for February 7, 2013: 1 Indonesian Rupiah = 0.000322 Malaysian Ringgit

Actually, it is totally fine to book an airline ticket with AMEX with the price displayed in MYR such as Singapore Airlines, Cathay Pacific etc. even when you are actually booking from overseas but through their local Malaysia website. Not sure what actually happened with your EVA Air booking last time but usually it's not a problem. I've paid for my Singapore Airlines and Cathay Pacific air tickets using AMEX through their respective local Malaysia website many times already and i was charged the exact amount quoted to me in MYR at time of booking.

I also didn't know what happened to my last EVA Air booking... But luckily they still refund me back the difference charges and some more very fast and efficient...

Will be booking a hotel using HKD.

Maybank2 Master or Citibank Visa?

MBB2 Master.