so im singapore,i assumed that paying my expenses with my MBB2 Visa will still be cheaper than getting my family in Msia TT the fund to me?
Credit Card Foreign Exchange Rate
Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty Cards|
|
 Jun 28 2012, 12:11 PM
Return to original view | Post
#1
|
 
Junior Member
343 posts Joined: Jun 2008 
|
|
Quote|
|
|
|
|
Jun 29 2012, 08:34 PM
Return to original view | Post
#2
|
|
Junior Member
343 posts Joined: Jun 2008
|
QUOTE(MilesAndMore @ Jun 28 2012, 04:02 PM) Unfortunately no. Cash will still be cheaper unless you have the Maybank VISA Infinite which gives you 5xTP for all overseas expenses. After factoring in the 5xTP given for overseas transaction for Maybank VISA Infinite, the final exchange rate would be a little bit cheaper than what you can get at money changer. okay.. thanks for the info...   SGD is really high now.. >< |
|
|
Sep 22 2013, 11:05 PM
Return to original view | Post
#3
|
|
Junior Member
343 posts Joined: Jun 2008
|
well
I transacted 3 separated USD amount, $29, $34, $86 on 17-19 Sept Maybank charged me an extra 2.x% admin fee This post has been edited by @secret@: Sep 22 2013, 11:10 PM |
|
|
Sep 24 2013, 10:51 PM
Return to original view | Post
#4
|
|
Junior Member
343 posts Joined: Jun 2008
|
do we have any data that other major banks increase admin fee as well? This will really put Maybank at disadvantage if they're charging higher. especially for customers who do lot of foreign transactions
|
|
|
Sep 25 2013, 09:27 PM
Return to original view | Post
#5
|
|
Junior Member
343 posts Joined: Jun 2008
|
QUOTE(Gen-X @ Sep 25 2013, 08:22 PM) Then again with the Maybankard credit card (i.e. MBB2 AMEX and VI) we get 5X TP which is better than most cards out there. any idea what is the current admin fee for MBB AMEX? I did transactions on 22nd and 23rd Sep and all Posting Date 24th September. Visa Rate on 24th September 2013 (US Time Zone) : AUD/MYR 3.023114 and Spot Rate hovering around 3.013 to 3.02, to be exact it was about 3.0166 when Visa Currency Converter allowed me to check conversion rate on 24th September. Maybank VI rate : AUD/MYR 3.091286 that's almost 2.25% on top of Visa's rate.  so lets say AMEX is maintaining around 3%, are we getting better deal using AMEX (factorized 5X TP) since there is already a fee hike for visa/master |
|
|
Nov 10 2013, 09:00 AM
Return to original view | Post
#6
|
|
Junior Member
343 posts Joined: Jun 2008
|
Maybank 2 Amex
Transaction date 08/11 USD$58.10 Posting date 09/11 MYR189.84 Rate 3.26747 Admin fee 2.56% Amex actual rate 3.18596 visa actual rate 3.19078 This post has been edited by @secret@: Nov 10 2013, 09:01 AM |
|
|
|
|
|
Jun 29 2014, 11:38 AM
Return to original view | Post
#7
|
|
Junior Member
343 posts Joined: Jun 2008
|
MBB 2 AMEX
Transaction Date 27/06/2014 Amount 99 USD Bank Charged 326.80 Final Exchange Rate 3.301 Spot Rate 3.218 Admin Charges ~ 2.58% This post has been edited by @secret@: Jun 29 2014, 11:39 AM |
|
|
Apr 7 2015, 01:01 PM
Return to original view | Post
#8
|
|
Junior Member
343 posts Joined: Jun 2008
|
AirAsia Big Prepaid MasterCard
Transaction date: 7 April 2015 Transaction amount: 52 USD Amount Charged: 190.81 MYR + 0.38 MYR (Domestic Currency Conversion) Spot Rate 3.6417 (XE currency) Effective Rate 3.6767 Admin Fee: ~ 1% good for overseas transaction and rate charged available instantly, but point reward scheme sucks for me. This post has been edited by @secret@: Apr 7 2015, 01:14 PM |
|
|
Jul 4 2016, 09:48 AM
Return to original view | Post
#9
|
|
Junior Member
343 posts Joined: Jun 2008
|
Transaction Type: M2C Amex Gold
Transaction Date: 16-05-2016 Posting Date: 18-05-2016 Transaction Amount: EUR 400 Amount Charged: MYR 1874.63 Oanda Interbank Rate @ 16/05: 4.5758 Difference: ~2.5% Transaction Type: M2C Amex Gold Transaction Date: 30-06-2016 Posting Date: 02-07-2016 Transaction Amount: EUR 459.18 Amount Charged: MYR 2119.15 Oanda Interbank Rate @ 30/06: 4.4783 Difference: ~3% After a comparison to Visa rate at my side, AMEX does have better exchange rate for Euro. The only thing is higher spread.  |
| Change to: |  0.0442sec
 0.35
 7 queries
 GZIP Disabled
Time is now: 7th December 2025 - 05:17 PM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.