I made a payment using MBB Visa on 15 May 2013:

Transaction Date : 15 May 2013
Posted Date : 16 May 2013
Amount charged : USD 96.18
Converted Amount : MYR 292.69
Final Exchange rate: 3.043

Rate on Visa International: 2.992 (15 May 2013), 3.055 (16 May 2013)

Difference: 1.68%, 1.23%

using SCB WMC


Transaction Date : 22 May 2013
Posted Date : 23 May 2013
Amount charged : USD 23.14
Converted Amount : MYR 72.16
Final Exchange rate: 3.12

Rate on visa international: 3.02
Paypal conversion rate: 3.12

This post has been edited by cenkudu: May 25 2013, 07:44 AM

Anybody knows what percentage hsbc charges on foreign exchange transactions on its credit cards?

It is 1.25% as stated on the first page.

Thanks. Is it the same 1.25 percent for Hsbc Premier world MasterCard also?

Yes.

PM me? maybe I can help you

Maybankard Petronas Visa

Transaction Date : 28-May-2013
Posting Date : 29-May-2013
Amount charged in foreign currency : USD103.20
Amount billed in MYR : RM317.86
Final exchange rate : USD1 = RM3.08

Approx 1.3% Admin fee


This post has been edited by ronnie: May 30 2013, 07:50 AM

Hi everyone,

Just saw this from Citibank

Effective 10 June 2013:

If a transaction is made in foreign currency, the transaction will be converted into Ringgit Malaysia using US Dollars as the base currency on the date on which the transaction is received and processed by Citibank and/or Visa International, MasterCard Worldwide or the relevant Card Payment Network (“Payment Network”).

The currency conversions will be based on Citibank’s prevailing foreign exchange rate and/or an exchange rate determined by the relevant Payment Network. This currency conversion will include any charges levied by the Payment Network for overseas transactions and a 1% foreign exchange conversion markup by Citibank on the converted Ringgit Malaysia amount, or such other rate as determined by Citibank and notified to you.

---------------------------------------

Just wondering if i m better off to pay for my oversea transaction before 10/June/2013 ?

This post has been edited by mimi1986: May 30 2013, 05:09 PM

HSBC Premier World MasterCard -i

Transaction Date : 27-May-2013
Posting Date : 29-May-2013
Amount charged in foreign currency : THB 700
Amount billed in MYR : RM73.15
Final exchange rate : 1RM= 9.569 THB

Approx 1.5% Admin fee

Maybank2Kard Master Card

Transaction Date : 31 May 2013
Posted Date : 3 June 2013
Amount charged : SGD 18
Converted Amount : MYR 44.02
Final Exchange rate: 2.445

Transaction Date : 31 May 2013
Posted Date : 3 June 2013
Amount charged : SGD 56
Converted Amount : MYR 136.98
Final Exchange rate: 2.446

Transaction Date : 31 May 2013
Posted Date : 3 June 2013
Amount charged : SGD 252
Converted Amount : MYR 616.44
Final Exchange rate: 2.446

Transaction Date : 31 May 2013
Posted Date : 1 June 2013
Amount charged : NZD 18
Converted Amount : MYR 44.33
Final Exchange rate: 2.463

Transaction Date : 14 May 2013
Posted Date : 14 May 2013
Amount charged : NZD 238
Converted Amount : MYR 600.37
Final Exchange rate: 2.523

Citibank Clear Visa Card

Transaction Date : 14 May 2013
Posted Date : 14 May 2013
Amount charged : SGD 2292
Converted Amount : MYR 5650.03
Final Exchange rate: 2.465

Maybankard Petronas Visa

Transaction Date : 1-Jun-2013
Posting Date : 2-Jun-2013
Amount charged in foreign currency : SGD182.00
Amount billed in MYR : RM453.32
Final exchange rate : SGD$1 = RM2.4908

Approx 1.252% Admin fee



This post has been edited by ronnie: Jun 4 2013, 02:44 PM

hi all, noob here. how are we all comparing our rates to? i see some using wawasan as a comparison but the first page gives the link to visa and mastercard.

i didn't do my research and used my maybank2 amex for most of my overseas transactions my only comfort is that most of my transactions were on the weekends so i still get the 5% cashback.

since i also have 2 Visas from MBB and UOB, i'm now trying to see which one is better. anyone compared these two before?

MayBank Amex

Transaction Date : 8-Jun-2013
Posting Date : 9-Jun-2013
Amount charged in foreign currency : GBP251.85
Amount billed in MYR : RM1238.55
Final exchange rate : GBP1 = RM4.917808



approx 1.702% admin fee

not bad leh.. quite low.. haha.. last time mine was 2.7% such a big difference..

Can anyone tell if this is a good or a bad thing ? Would the transaction rate be even higher or lower after 10th June , is this initiated by Citibank , or Visa/Mastercard ?

This post has been edited by kaoru: Jun 23 2013, 07:42 PM

For the past 3 months, I have a lot of transactions made in overseas. most of the time MBB Visa and OCBC titanium will give identical exchange rate or if cheap either one of them cheap by 0.01. This is the recent one:

MBB Visa: 32.5 Aud...RM 99.1 Exchange rate: 3.05
OCBC: 23 Aud...RM 70.43 exchange rate: 3.06
Exchange rate in visa 3.04

-transaction made on the same day

if considering 1% rebate or any promotion for overseas transaction perhaps better to use OCBC card. maybe too early to make assumption. if I have time I wish I can post all the transactions

This post has been edited by cenkudu: Jun 28 2013, 12:59 PM

OCBC used to give higher rate than MBB or MBB has increase their rate

i observe this in the past 3 months. maybe you are right, MBB might increase their exchange rate as well

Previously was 0.5% admin fee, now it's 1% admin fee for Maybankard

yes, i'm aware about that OCBC also 1% but was reported to be higher at the end. recent transaction:

968 Aud= RM 2905...Exchange: 3.00

in Visa website: 2.98

This post has been edited by cenkudu: Jun 28 2013, 03:55 PM