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 Credit Card Foreign Exchange Rate

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ChroniclesIY
post May 15 2013, 11:59 AM

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Joined: Nov 2012
Maybank Amex

Transaction Date: 12-May-2013
Posting Date: 14-May-2013
Amount charged in foreign currency : GBP298.00
Amount billed in MYR : 1412.38

Final exchange rate: 4.738255

Visa exchange rate on May 12: 4.606619
Visa exchange rate on May 14: 4.614738

Which means Maybank Amex charged 2.778% over Visa exchange rate (with 0% transaction fee)..

but that means only 1.778% above other cards because other banks charge 1%?

If my transaction date was 12 May which is a weekend, that means i get the weekend 5% rebate as well?
ChroniclesIY
post May 15 2013, 07:07 PM

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Junior Member
215 posts

Joined: Nov 2012
QUOTE(bearbear @ May 15 2013, 03:33 PM)
it is well known that Amex charge higher exchange rate. I always use Master and Visa for oversea transactions.

Yes transacted on weekend so you get Rm50 rebate.
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ya thanks.. but 5x points i think more worth than using with only 1x points.. unless i get the visa infinite.. but dun earn enuff.. =(
ChroniclesIY
post Jun 10 2013, 10:51 AM

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Junior Member
215 posts

Joined: Nov 2012
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

QUOTE
The rate shown is effective for transactions submitted to Visa on June 8, 2013, with a bank foreign transaction fee of 0%.

1 British Pound = 4.835468 Malaysian Ringgit


approx 1.702% admin fee

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

 

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