from where did u guys manage to get the wawasan rate? which website?

so i should pay by MBB visa since is the lowest... rite? (jz to confirm, dont tembak me)

but i need to make BT. So is stil better to pay by CIMB and then transfer d amount to mbb for 12 months instalment since the diff is only 0.5%

This post has been edited by andyfriends: Jul 25 2011, 10:43 PM

^
http://www.wawasanmoneychanger.com.my/exchangeRates.asp

Maybankard2 Visa
Transaction date : 30 July 2011
Posted date : 1 August 2011
Amount charged in foreign currency : THB1,323.00
Amount billed in MYR : RM133.50
Final exchange rate : THB100 = RM10.0907

Maybankard2 American Express
Transaction date : 30 July 2011
Posted date : 1 August 2011
Amount charged in foreign currency : THB795.00
Amount billed in MYR : RM81.26
Final exchange rate : THB100 = RM10.2214

Maybankard2 American Express
Transaction date : 30 July 2011
Posted date : 1 August 2011
Amount charged in foreign currency : THB1,043.00
Amount billed in MYR : RM106.65
Final exchange rate : THB100 = RM10.2253

Maybankard2 American Express
Transaction date : 31 July 2011
Posted date : 2 August 2011
Amount charged in foreign currency : THB2,760.00
Amount billed in MYR : RM283.32
Final exchange rate : THB100 = RM10.2652

**Wawasan Sentosa's Thai Baht rate on 30/7/11 & 31/7/11 was THB100 = RM10.10


By the way, all the transactions on 30/7/11 (3 different transactions in total) were done in about 20 minutes apart.

After factoring the 5% rebate for amex weekends + 5X points, is maybank visa or maybank amex better?

MBB2 AMEX definitely better but the thing is, i did get the 5x TP but not the 5% weekend cash rebate. I am still waiting for their written reply. Will call their CS as soon as i get it.

A few users also mentioned that Transaction on 30-31 July 2011 (weekend), didn't credit the 5% rebate.
Maybe it's counted for next month's rebate... but I think that's not really fair.

correct me if i am wrong, 5% rebate for overseas transactions rebate are based on the posting date so perhaps this is the reason 1-2 August ones are not eligible...

zenquix has confirmed that even overseas transactions made with the MBB2 AMEX are based on the transaction date and not the posting date.

well then you stand to get the 5% ;-)

i thk this happened due to the last day of the month and the last weekend of the month falls on the same day
normally the transaction would have posted before the cash back calculation

maybe mbb need to shift the cash back calculation to the 2nd or 3rd day of the month to avoid this

Let's say I am charging RM3000 equivalent of foreign currency to my card, comparing between AMEX and VISA

Weekends
AMEX: + RM50 (5% max rebate) + RM75 (15000 TP) - RM90 (0.5% + 2.5% service charge) = + RM35
VISA: + RM15 (3000 TP) - RM15 (0.5% service charge) = 0

Weekdays
AMEX: + RM75 (15000 TP) - RM90 (0.5% + 2.5% service charge) = - RM15
VISA: + RM15 (3000 TP) - RM15 (0.5% service charge) = 0

Can I conclude that use AMEX on weekends; use VISA on weekdays?

Assumption: The exchange rate for the same bank is the same, the only diffrence is the service charge. Is this correct?

---

Added on August 7, 2011, 9:57 pmOn a second thought, it is only worth it to use AMEX as long as it does'nt dip to negative.

Clarification from zenquix:
This post has been edited by Human Nature: Aug 8 2011, 05:44 PM

Maybankard2 AMEX
Transaction date : 10 August 2011
Posted date : 11 August 2011
Amount charged in foreign currency : SGD22.36
Amount billed in MYR : RM57.27
Final exchange rate : SGD1 = RM2.5613

Transaction date : 11 August 2011
Posted date : 12 August 2011
Amount charged in foreign currency : SGD9.19
Amount billed in MYR : RM23.48
Final exchange rate : SGD1 = RM2.5550

Transaction date : 11 August 2011
Posted date : 12 August 2011
Amount charged in foreign currency : SGD9.08
Amount billed in MYR : RM23.17
Final exchange rate : SGD1 = RM2.5518

Maybankard2 Visa
Transaction date : 12 August 2011
Posted date : 14 August 2011
Amount charged in foreign currency : SGD8.90
Amount billed in MYR : RM22.36
Final exchange rate : SGD1 = RM2.5124

This post has been edited by ronnie: Aug 15 2011, 09:17 AM

Mind to ask why the selection of AMEX on weekday as Maybankad2 Master should be lower exchange? 5x TP?

Because it's company expenses ;-) with 5X TP
If for personal expense, I would have used Maybankard2 Visa instead.

This post has been edited by ronnie: Aug 15 2011, 09:15 AM

UOB Visa Card

NZD -> MYR

Transaction Date :
30/6/11 : NZD 40 -> MYR 102.73, Rate : 2.56825, Visa Rate : 2.505586
2/7/11 : NZD300 -> MYR 765.22, Rate : 2.55073, Visa Rate : 2.488534
17/7/11 : NZD88.68 -> MYR 230.55, Rate : 2.59980, Visa Rate : 2.536382

UOB Visa card has consistently charged 2.5% Fees on top of the Visa Corporate Rate on http://corporate.visa.com/pd/consumer_serv...er_ex_rates.jsp


My question :
Which daily foreign exchange rate is better, Visa Card or Master Card (without considering the additional admin fees imposed by the banks) ?

It's more or less the same. Just use Maybank credit card when overseas. Problem solved.

DA (CIMB) VI vs SCB JustOne Titanium MC
Transaction Date: 19/8/2011

CIMB - RM1 = INR15.0412
SCB - RM1 = INR15.0128

SCB rate is 0.19% higher.

DA (CIMB) VI vs Maybank 2 Platinum Amex
Transaction Date: 17/8/2011

CIMB - RM1 = BDT24.5918
Amex - RM1 = BDT24.4197

Amex rate is 0.70% higher.

MBB visa/master with 0.5% conversion

Is this correct?

---

Added on September 4, 2011, 6:23 pmIf the above is correct, comparing between Maybank Visa and SCB Plat Business Visa is as follows:

MBB : 0.5% (1x points) - 0.5% (charge) = 0
SCB : 0.5% (cashback) + 1.5% (3x points) - 1% (charge) = 1% ('gain')

In this case, both are Visas hence same forex rate. Am I missing something here?


This post has been edited by Human Nature: Sep 4 2011, 06:23 PM

That is NO longer true... 14000 ChoicePoints = RM50 (0.036%)