Posting date/Transaction date/Description/Foreign currency/Local currency/Debit/Credit/Debit Credit
17-May-2011 14-May-2011 PAYPAL USA US US$52.37 RM162.24 RM3.099/USD wawasan sentasa 3.035 on 17th
13-May-2011 11-May-2011 PAYPAL USA US US$77.80 RM238.19 RM3.062/USD wawasan sentasa 3.010 on 13th 2.99 om 11th.

M2Amex linked Paypal account.

If I were to compare wawasan rates against Amex rate, I should compare the posting date or the transaction date ?

Transaction date

Using SCB Business Visa
- transaction date : 14 May 2011
- amount charged in foreign currency : PHP23,228.77
- amount billed in MYR : RM1,648.38
- final exchange rate : 0.0710

Wawasan Sentosa's Selling Rate on 14 May 2011 : 0.0715

I have confirmed with SCB customer service the sms alert is the amount before the bank add their admin charge which is RM 2295.73. After add the admin charge the actual amount is RM2304.99, so the admin charge for SCB is 0.4% instead of 1%. However the exchange rate is quite high 0.109 compare to XE.COM at the transaction date 0.107

Using OCBC TITANIUM
- transaction date : 28 May 2011
- amount charged in foreign currency : SGD 33
- amount billed in MYR : RM82.33
- final exchange rate : 2.495
while i check on https://www.mastercard.com/global/currencyc...sion/index.html
the actual rate was about 2.445. It looks like SGD to MYR charged 2% on bank charges.

Thank you so much for the link. It may not give us the actual rate but we'll at least get an idea

Using OCBC TITANIUM Mastercard
- transaction date : 03 June 2011
- amount charged in foreign currency : GBP 1000
- amount posted on 04 June 2011 : RM5,025.85
- final exchange rate : RM5.02585

https://www.mastercard.com/global/currencyc...sion/index.html
Settlement date at 02 June = RM4.9434
Settlement date at 03 June = RM4.9273

Wawasan Sentosa Selling at 03 June = RM4.99
Wawasan Sentosa Selling at 04 June = RM4.99

BNM Seling at 03 June = RM4.9282
BNM Seling at 03 June = RM4.9167 (Friday clsing)

Citibank DCA spot at 03 June = RM4.9273


Based on the Mastercard 03 June settlement rate, looks like the service charge is about 2%.

This post has been edited by aeiou228: Jun 5 2011, 11:53 AM

Using OCBC TITANIUM Mastercard
- transaction date : 02 June 2011
- Posting date: 06 June 2011
- Appearing statement date 07 June 2011
- amount charged in foreign currency : THB 2578
- amount billed in MYR : 262.79
- final exchange rate : 9.81011

[url=https://www.mastercard.com/global/currencyconversion/index.html[/url]
Settlement date at 02 June =
1 THB = MYR Malaysian ringgit 0.098863
1 MYR = THB Thai baht 9.986151

wawasan rate sells THB :10.15000

Compared wawasan rate & CC
(10.15-9.81011)/10.15 = 3.35%

****Pay more than 3.35%

Compared actual rate with suggested rate
(9.986151-9.81011)/9.986151 = 1.763%

****Higher rate of 1.763%


Conclusion: The bigger amount , the "LOSS" is bigger, even taking 1% rebate into account.

This post has been edited by der.msia: Jun 7 2011, 10:49 PM

m2amex (all usd)
Posting / Trans
24/5 22/5 $6.47 RM20.12 ---- 3.109
17/5 14/5 $2.44 RM7.55 ---- 3.094
(if trans at weekend, get extra 5% + 5x points... not bad to use amex )



maybank mastercard
13/4 12/4 $0.99 RM3.01 --- 3.04
4/5 02/5 $5.48 RM16.38 --- 2.989
22/4 20/4 $35.97 RM109.16 --- 3.03

This post has been edited by dopp: Jun 3 2011, 11:04 PM

I think the final exchange rate is 100thb = 10.17rm

Here are some of my transactions in SG on 25/5/2011, Posting Date all same 26/5/2011

MBB Plat MC SGD335.98 MYR829.87 Rate = 2.47 (Ratio 1 : 1)
MBB 2 AMEX SGD73.70 MYR185.86 Rate = 2.5218 (Ratio 1 : 1.02099) Therefore MBB 2 AMEX 2.1% higher than MBB MC
EON VS SGD38.49 MYR96.69 Rate =2.5121 (Ratio 1 : 1.01704) Therefore higher than MBB MC by 1.7%
OCBC TMC SGD104.90 MYR261.66 Rate = 2.4944 (Ratio 1 : 1.00987) Therefore higher than MBB MC by 1%

One thing for sure is EON Visa Signature rate is not competitive even with them giving 1% cash back for overseas transactions.

Maybank
14 Jun 2011
- USD157.70 > RM484.45 (USD1 = RM3.0720)

**Wawasan Sentosa's USD rate on 17/2/2011 was USD1 = RM3.025


Maybank
20 Jun 2011
- USD399.87 > RM1239.24 (USD1 = RM3.0991)

**Wawasan Sentosa's USD rate on 17/2/2011 was USD1 = RM3.035


It seems to me that HSBC credit card exchange rate isn't quite as bad as it was.

18/6/11- M2 Amex

SGD 17.90 - RM 45.20 --> 2.5251

19/6/11- M2 Amex

SGD 9.36 - RM 23.62 --> 2.5235

20/6/11- OCBC Ti

SGD 22.35 RM 56.39 --> 2.5230

As you can see, the OCBC Ti Master exchange rate is on par with the M2 Amex. Unless the exchange rate fluctuate so much in 1 day which I dont think so, it is not worth using it for overseas transaction.

- Maybank American Express with Maybank logo on top : 0.5% + 2.5%

What does it mean? Use maybank amex is 0.5%+2.5%, so total is 3%?

Yes

what does this mean? im using Maybank AMEX but my card does not have any maybank logo on top. do i fall under this category also?

Yes. Of course. Please refer to American Express (see below).
This post has been edited by MilesAndMore: Jul 12 2011, 06:33 PM

Maybankard2 Visa
- transaction date : 19 July 2011
- posted date : 21 July 2011
- amount charged in foreign currency : HKD699.00
- amount billed in MYR : RM272.62
- final exchange rate : 0.3900

Maybankard2 Visa
- transaction date : 20 July 2011
- posted date : 22 July 2011
- amount charged in foreign currency : HKD1050.00
- amount billed in MYR : RM408.75
- final exchange rate : 0.3893

That's a very good rate! Wawasan Sentosa in Mid Valley was selling HKD100 for RM38.90 on 19th Jul & 20 Jul

Maybankard2 Master
- transaction date : 20 July 2011
- posted date : 22 July 2011
- amount charged in foreign currency : SG$172.80
- amount billed in MYR : RM431.54
- final exchange rate : 2.497
- Wawasan rate : 2.472
- BNM rate : 2.4708