Maybank VI
Transaction Date: 21-Dec-2014
Posting Date: 23-Dec-2014
Transaction amount: EUR 100
Amount charged: RM437.74
Effective rate: 1 Euro = 4.280929 Malaysian Ringgit
Difference - 2.2535%

Transaction Date: 24-Dec-2014
Posting Date: 25-Dec-2014
Transaction amount: EUR 33
Amount charged: RM144.28
Effective rate: 1 Euro = 4.275623 Malaysian Ringgit
Difference - 2.2569%

Transaction Date: 25-Dec-2014
Posting Date: 26-Dec-2014
Transaction amount: EUR 102.3
Amount charged: RM447.26
Effective rate: 1 Euro = 4.275623 Malaysian Ringgit
Difference - 2.2551%

Transaction Date: 25-Dec-2014
Posting Date: 27-Dec-2014
Transaction amount: EUR 93.5
Amount charged: RM409.41
Effective rate: 1 Euro = 4.28209 Malaysian Ringgit
Difference - 2.2565%

Transaction Date: 28-Dec-2014
Posting Date: 30-Dec-2014
Transaction amount: EUR 100
Amount charged: RM437.37
Effective rate: 1 Euro = 4.277195 Malaysian Ringgit
Difference - 2.2563%

Hi all sifu,

How do I get the foreign exchange rate for my Maybank Amex card?

you should use this link http://www.oanda.com/currency/classic-converter

just convert the currency to USD then to MYR then you will know the difference

Maybank VI
Transaction Date: 12-Jan-2015
Posting Date: 13-Jan-2015
Transaction amount: SGD 79
Amount charged: RM 212.65
Effective rate: 1 SGD = 2.69177 Malaysian Ringgit
Visa rate: 1 SGD = 2.67664 Malaysian Ringgit

Maybank AR
Transaction Date: 13-Jan-2015
Posting Date: 14-Jan-2015
Transaction amount: SGD 139
Amount charged: RM 381.85
Effective rate: 1 SGD = 2.74712 Malaysian Ringgit
Amex rate: ?

Bro Darrenz,

My transaction are in Euro. So I would need to convert the amount spent in Euro -> USD -> MYR ? Since it's 2 times transaction so I guess the exchange rate would be worse than Visa/Master?

Maybank VI

Transaction Date: 12-Jan-2015
Posting Date: 13-Jan-2015
Transaction amount: DKK 395
Amount charged: RM230.15
Effective rate: 1 DKK = 0.569823 Malaysian Ringgit
Difference - 2.2525%

Going to US soon .. please advise which credit card I should use .... Standard Chartered Worldmiles or Alliance Platinum?

I also have Maybank AMEX (which based on all Sifu posting ... good for weekend usage)

ya that's right, it will be double conversion for any currency you used unless it's already in USD then just direct conversion, it would say the rate will be around 2.6-2.7% range

well you can also use amex on weekdays to get 5x points unless you have a better card eg. MBB 2 Premier or Ambank World MC

Need to pay tuition fees in CHF.

Does it make sense to charge via Credit card ?
Generally, the exchange rate will be less favourable as compared to bank's TT rate?

Anyone has experience in the range of difference?
Worth the points equivalent/cash back from credit card use?

Did I get a really crappy rate or am I doing the calculations wrong? Bought something online from a British seller.

Maybankard 2 Amex
Transaction Date: 18-Jan-2015
Posting Date: 19-Jan-2015
Transaction amount: 7.50 GBP
Amount charged: 41.85 MYR
Effective rate: 7.50 GBP => 11.3662 USD => 40.4637 MYR
Difference: (41.85 - 40.4637) / 40.4637 = 3.43%

Transaction Date: 18-Jan-2015
Posting Date: 19-Jan-2015
Transaction amount: 5.00 GBP
Amount charged: 27.88 MYR
Effective rate: 7.57745 USD = 26.9757 MYR
Difference: 3.35%

same here, going to US next week, which card shall I use?
I am having cards a below:-
a) OCBC Ti (Master) - The currency conversion rate is determined by Visa International & MasterCard Worldwide plus a standard administration charge of 1.25%
b) M2C Visa + AMEX (dont take 5% cashback into account as I will maxed it every month via bills) - Visa admin cost 1%, Amex 2.5%
c) SC Plat (Visa) - Determined by Visa and MasterCard International plus administration cost of 1%.


Amex will give 5x point which equivalent to 2% whereas OCBC tit is 1%..which is better to use in US?

This post has been edited by red_scorpion: Jan 25 2015, 02:00 PM

anyone know what is the exchange rate of CIMB debit card?

checked on mastercard website should be 5.46. any other extra charges for online transactions? besides 1% service charge.

just made a payment of 70gbp, they charged me Rm416. (calculated exchange rate is 5.9!!)

Maybankard 2 Amex
Transaction Date: 3-Feb-2015
Posting Date: 4-Feb-2015
Transaction amount: THB150.00
Amount charged: RM17.16
Effective rate: 150 Thai Baht = 4.61041 US Dollar, 4.61041 US Dollar = 16.58641 Malaysian Ringgit
Difference - 3.45%

Aeon Watami Visa
Transaction Date: 5-Feb-2015
Posting Date: 6-Feb-2015
Transaction amount: JPY134,384
Amount charged: RM4159.02
Aeon Rate: 1 Japanese Yen = 0.030949 Malaysian Ringgit
Visa Rate @ 6Feb2015 (0%): 1 Japanese Yen = 0.030642 Malaysian Ringgit
Aeon charge = 1.001%

If I spent between SGD$2000 to 3000 MONTHLY, what's the best credit card to use which gives:

- Good conversion rate
- Absorb the service / administrative charge
- Cashback
- Accumulation of Reward Points?

Aeon Watami Visa
Transaction Date: 21-Feb-2015
Posting Date: 23-Feb-2015
Transaction amount: JPY139,000
Amount charged: RM4315.89
Aeon Rate: 1 Japanese Yen = 0.031049 Malaysian Ringgit
Visa Rate @ 23Feb2015 (0%): 1 Japanese Yen = 0.030895 Malaysian Ringgit
Aeon charge = 0.49%


Aeon Watami Visa
Transaction Date: 21-Feb-2015
Posting Date: 23-Feb-2015
Transaction amount: JPY57,391
Amount charged: RM1790.83
Aeon Rate: 1 Japanese Yen = 0.031204 Malaysian Ringgit
Visa Rate @ 23Feb2015 (0%): 1 Japanese Yen = 0.030895 Malaysian Ringgit
Aeon charge = 1%

aeon watami 3% but cb up to rm5k per quarter only. it has all the benefits you listed above.

otherwise ocbc ge cc 1% for everything. cb unlimited.

Correct me if my calculation is wrong

Maybankard 2 Amex
Transaction Date: 17-Jan-2015
Posting Date: 18-Jan-2015
Transaction amount: 83 GBP
Amount charged: 463.22 MYR
Effective rate:
1 gbp > 1.51446 USD
1 usd > 3.5588 MYR
Difference: (463.22 - 447.34) / 447.34 = 3.5498%

Too much Lucky got cashback to offset.

This post has been edited by WhitE LighteR: Feb 26 2015, 06:13 PM

Just transferred some money (USD) from my paypal to bank account...
the rate is 1USD = 3.5018 MYR