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 Credit Card Foreign Exchange Rate

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DarReNz
post May 14 2015, 10:43 PM

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we should have a top 10 cards to use overseas starting from the lowest difference fees to the highest thumbup.gif

aeon and public bank should be at the top nod.gif

This post has been edited by DarReNz: May 14 2015, 10:46 PM
henrytanck
post May 16 2015, 09:15 AM

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From: Johor Bahru



CIMB Platinum Cashback Master Card

Transaction Date: 28-MAY-2014
Posting Date: 30-MAY-2014
Transaction amount: USD 1.00
Amount charged: MYR 3.29
MasterCard Currency Conversion rate on 30-MAY-2014: 0.311042
Fee: 2.33%

Transaction Date: 08-JUN-2014
Posting Date: 10-JUN-2014
Transaction amount: SGD 10.00
Amount charged: MYR 26.14
MasterCard Currency Conversion rate on 10-JUN-2014: 0.390053
Fee: 1.96%

Transaction Date: 18-JAN-2015
Posting Date: 20-JAN-2015
Transaction amount: SGD 53.00
Amount charged: MYR 145.02
MasterCard Currency Conversion rate on 20-JAN-2015: 0.370504
Fee: 1.37%

Transaction Date: 19-APR-2015
Posting Date: 22-APR-2015
Transaction amount: SGD 100.00
Amount charged: MYR 273.75
MasterCard Currency Conversion rate on 22-APR-2015: 0.372289
Fee: 1.91%

This post has been edited by henrytanck: May 16 2015, 09:31 AM
henrytanck
post May 16 2015, 11:10 AM

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Does anyone holding HLB's I'm Card?
HLB claimed no overseas conversion charge by the bank as below:

QUOTE
4. Overseas Transaction Fee
Transaction in Foreign Currency - The transaction in foreign currency shall be converted at the
foreign exchange rate and spread, if any, as determined by MasterCard International. There will not
be any mark-up imposed by the Bank.
DarReNz
post May 16 2015, 01:52 PM

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Maybankard 2 Amex
Transaction Date: 14-May-2015
Posting Date: 15-May-2015
Transaction amount: AUD90.00
Amount charged: RM270.59
Effective rate: 90 Australian Dollar = 72.94140 US Dollar, 72.94140 US Dollar = 260.750 Malaysian Ringgit
Difference - 3.77%

Transaction Date: 14-May-2015
Posting Date: 16-May-2015
Transaction amount: AUD12.95
Amount charged: RM38.72
Effective rate: 12.95 Australian Dollar = 10.41996 US Dollar, 10.41996 US Dollar = 37.19363 Malaysian Ringgit
Difference - 4.11%


Aeon Watami
Transaction Date: 4-May-2015
Posting Date: 5-May-2015
Transaction amount: AUD59.95
Amount charged: RM171.43
Effective rate: 1 Australian Dollar = 2.828144 Malaysian Ringgit
Difference - 1.11%

This post has been edited by DarReNz: May 18 2015, 10:52 AM
genkis3
post May 22 2015, 12:26 AM

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CITIBANK PLATINUM
citibank statement didn't list out posted date, so mostly i calculate base on the day after transaction date.

transaction date: 13/01/2015
amount: SGD 29.00
amount charged: MYR80.19
bank rate: 2.7651
visa rate: 2.6981 estimated posted date: 14/01
fee: 2.48%

transaction date: 14/01/2015
amount: CHF 628.80
amount charged: MYR 2661.53
bank rate: 4.2327
visa rate: 4.0829 (guess it's posted when swiss franc surges on 16/01. bcoz on 14/01 its only 3.5511)
fee: 3.66%

transaction date: 19/01/2015
amount: USD 50.00
amount charged: MYR 185.17
bank rate: 3.7034
visa rate: 3.5726 estimated posted date: 20/01
fee: 3.66%

transaction date: 27/01/2015
amount: SGD 15.98
amount charged: MYR 44.20
bank rate: 2.7659
visa rate: 2.6945 estimated posted date: 28/01
fee: 2.64%

transaction date: 28/01/2015
amount: SGD 412.00
amount charged: MYR 1144.76
bank rate: 2.7785
visa rate: 2.7110 estimated posted date: 29/01
fee: 2.48%

transaction date: 30/01/2015
amount: EUR 1179.48
amount charged: MYR 4996.07
bank rate: 4.235
visa rate: 4.131 estimated posted date: 31/01
fee: 2.51%

transaction date: 09/02/2015
amount: JPY 13,870
amount charged: MYR 429.82
bank rate: 0.03098
visa rate: 0.03006 estimated posted date: 10/02
fee: 3.06%

transaction date: 08/02/2015
amount: JPY 36,500
amount charged: MYR 1131.12
bank rate: 0.03098
visa rate: 0.03041 estimated posted date: 09/02
fee: 1.87%

transaction date: 26/02/2015
amount: EUR 2708.00
amount charged: MYR 11410.80
bank rate: 4.213
visa rate: 4.100 estimated posted date: 27/02
fee: 2.75%

transaction date: 18/3/2015
amount: AED 3115.00
amount charged: MYR 3223.44
bank rate: 1.034
visa rate: 1.008 estimated posted date: 19/02
fee: 2.50%

transaction date: 08/04/2015
amount: EUR 259.60
amount charged: MYR 1044.47
bank rate: 4.023
visa rate: 3.939 estimated posted date: 11/04
fee: 2.13%



MAYBANK 2 Mastercard Platinum

transaction date: 24/03/2015
amount: SGD 117.20
amount charged: MYR 319.84
bank rate: 2.7290 posted date: 25/03
visa rate: 2.6762
fee: 1.97%

transaction date: 27/04/2015
amount: AED 3055.00
amount charged: MYR 3024.49
bank rate: 0.9900 posted date: 29/04
visa rate: 0.9696
fee: 2.10%

transaction date: 09/05/2015
amount: AED 3055.00
amount charged: MYR 3049.04
bank rate: 0.9980 posted date: 11/05
visa rate: 0.9814
fee: 1.69%



Maybank Visa Infinite

transaction date:
amount: SGD 24.20
amount charged: MYR 67.08
bank rate: 2.771 posted date: 20/05
visa rate: 2.710
fee: 2.25%

cheahjn
post May 22 2015, 10:47 AM

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HSBC Amanah Visa Platinum

transaction date:13 May 2015
amount: EUR792
amount charged: MYR 3,323.24
visa exchange rate: 1 EUR = 4.095876 MYR
fee: 2.44%
Johore
post May 22 2015, 05:36 PM

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From: KL/PJ



I only have
AEON Watami
HLB Essential

Which card is the best card to use in Thailand? smile.gif

lamode
post May 22 2015, 05:39 PM

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QUOTE(Johore @ May 22 2015, 05:36 PM)
I only have
AEON Watami
HLB Essential

Which card is the best card to use in Thailand? smile.gif
*
AEON, be sure charge in THB when u swipe.
edwardccg
post May 29 2015, 04:21 PM

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this is my first foreign transaction after GST.
I notice many card was charge 2 % lately
watami consider quite low?

card: Aeon watami
Transaction Date: 27-May-2015
Posting Date: 29-May-2015
Transaction amount: JPY 8040
Amount charged: RM241.20
visa rate : 1000JPY = 29.593644416 MYR (29 may)
Effective rate: 1000 JPY = 30.00MYR
Difference: 1.35%

edwardccg
post Jun 7 2015, 01:54 PM

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Aeon watami
Transaction Date: 1-Jun-2015
Posting Date: 5-Jun-2015
Transaction amount: JPY 35550
Amount charged: RM1072.14
visa rate : 1000JPY = 29.95900 MYR (5 Jun Visa USA)
Effective rate: 1000 JPY = 30.15864979MYR
Difference: 0.66%


Transaction Date: 3-Jun-2015
Posting Date: 7-Jun-2015
Transaction amount: JPY 67500
Amount charged: RM2,041.22
visa rate : 1000JPY = 29.94100 MYR (7 Jun Visa USA)
Effective rate: 1000 JPY = 30.2402963MYR
Difference: 0.99%

Is that something wrong on my calculation? blink.gif
there is visa europe rate and visa usa rate, both seems a little different.
May I know which one should we used ? hmm.gif
wayn3san
post Jun 11 2015, 12:04 PM

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Hi All,

I have Maybank 2 cards , Master and AMEX.
Can i know which is the best card to use in Europe as i know Amex charges extra 2.5% for currency exchange.

Tq
TSMilesAndMore
post Jun 12 2015, 12:45 AM

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QUOTE(wayn3san @ Jun 11 2015, 12:04 PM)
Hi All,

I have Maybank 2 cards , Master and AMEX.
Can i know which is the best card to use in Europe as i know Amex charges extra 2.5% for currency exchange.

Tq
*
AMEX is still the best based on my observations.

By the way, anyone has the new Hong Leong Bank I'm MasterCard ? This card doesn't have overseas transaction mark-up. Would be interesting to see if the final converted rate is indeed lower than other banks' credit cards.
DarReNz
post Jun 15 2015, 05:37 PM

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QUOTE(wayn3san @ Jun 11 2015, 12:04 PM)
Hi All,

I have Maybank 2 cards , Master and AMEX.
Can i know which is the best card to use in Europe as i know Amex charges extra 2.5% for currency exchange.

Tq
*
go apply for aeon cards nod.gif best card for overseas
DarReNz
post Jun 15 2015, 05:40 PM

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QUOTE(edwardccg @ Jun 7 2015, 01:54 PM)
Aeon watami
Transaction Date: 1-Jun-2015
Posting Date: 5-Jun-2015
Transaction amount: JPY 35550
Amount charged: RM1072.14
visa rate : 1000JPY = 29.95900 MYR (5 Jun Visa USA)
Effective rate: 1000 JPY = 30.15864979MYR
Difference: 0.66%
Transaction Date: 3-Jun-2015
Posting Date: 7-Jun-2015
Transaction amount: JPY 67500
Amount charged: RM2,041.22
visa rate : 1000JPY = 29.94100 MYR (7 Jun Visa USA)
Effective rate: 1000 JPY = 30.2402963MYR
Difference: 0.99%

Is that something wrong on my calculation?  blink.gif
there is visa europe rate and visa usa rate, both seems a little different.
May I know which one should we used ? hmm.gif
*
i just used usa one biggrin.gif
Wongchoy
post Jun 15 2015, 10:43 PM

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From: N02 E102


Ambank World MasterCard

Trnx Date : 10 June
Transaction Amount : SGD2140
Amount Charged : RM6045.95
Exchange Rate : 2.8252
Forex Rate from MasterCard : 2.8063
Admin Fee : about 1.15%

The best card for overseas usage! icon_rolleyes.gif
genkis3
post Jun 18 2015, 12:01 PM

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Maybank Amex Reserve

transaction date: 16/06/15
amount: SGD 129.00
amount charged: MYR 370.29
bank rate: 2.870 posted date: 17/06
amex rate: 2.784
fee: 3.09%

transaction date: 11/06/15
amount: AED 3035
amount charged: MYR 3172.66
bank rate: 1.045 posted date: 12/06
amex rate: 1.019
fee: 2.55%

genkis3
post Jun 18 2015, 12:06 PM

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may i know amex have any official website to check amex exchange rate?
currently im using http://www.oanda.com/currency/converter/

edwardccg
post Jun 20 2015, 03:08 PM

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Aeon watami
Transaction Date: 18-Jun-2015
Posting Date: 20-Jun-2015
Transaction amount: JPY 13422
Amount charged: RM415.92
visa rate : 1000 JPY = 30.566 MYR (20 Jun Visa USA)
Effective rate: 1000 JPY = 30.9879MYR
Difference: 1.38%
kaiserreich
post Jun 20 2015, 08:13 PM

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HSBC AMANAH Mpower Platinum
Transaction Date: 14-Jun-2015
Posting Date: 17-Jun-2015
Transaction amount: JPY 8640
Amount charged: RM226.24
visa rate : 1 JPY = 0.030496 MYR
Effective rate: 1000 JPY = 31.11MYR
Difference: 2.00%

HSBC Mpower comes with 1% unlimited Foreign transaction rebate for year 2015. Thus, The effective bank rate is 0.98%
Effective rate (including 1% cash reabte) 1000 JPY = 30.794 MYR

Throughout my stay in Japan, I swiped HSBC exclusively from 7th June till 19th June (more than 10 swipes), all the bank fees comes up to 2.00% - 2.01%, and after accounting for the 1% rebate, the effective rate charged by HSBC is 0.98%-0.99%

Side note: I did a JPY cash withdrawal at CITIBANK as they provide free overseas withdrawal on the 17th of June. The rate was RM307.65 = 10000 JPY. This means that the fees charged by HSBC, after the 1% rebate is pretty competitive, since CITIBANK ATMs are far and few in between.

This post has been edited by kaiserreich: Jun 20 2015, 08:15 PM
vincentxiang
post Jun 23 2015, 06:31 PM

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Name Of Credit CardMaybank 2 Cards Amex
Transaction Date16 June 2015
Posting Date18 June 2015
Amount charged in GBP15
Amount billed in MYR90.37
Bank rate0.16598
OANDA rate0.16971
fee2.25%

Name Of Credit CardMaybank 2 Cards Mastercard
Transaction Date17 June 2015
Posting Date19 June 2015
Amount charged in SGD5
Amount billed in MYR14.18
Bank rate0.352609
Mastercard rate0.357387
fee1.36%



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