Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Card Foreign Exchange Rate
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 May 29 2013, 10:02 AM
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#1
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All Stars
17,053 posts Joined: Jan 2003  
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QUOTE(Inscrutable @ May 15 2013, 12:02 PM) Guys, what is international remittance? I want to buy things from japan, but dont accept our CC, can use paypal but quite a lot dif after conversion. Anyone can help pls. PM me? maybe I can help you  |
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Aug 17 2013, 11:00 PM
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#2
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All Stars
17,053 posts Joined: Jan 2003
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Base currency is MYR or the currency we spend in?
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Aug 21 2013, 08:45 AM
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#3
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All Stars
17,053 posts Joined: Jan 2003
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Not sure bout UOB but I tried both PBB and SCB it seems PBB rate is lower
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Sep 6 2013, 11:20 PM
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#4
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All Stars
17,053 posts Joined: Jan 2003
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QUOTE(sjz @ Aug 23 2013, 07:26 PM) Yup.. Can shed some light why it is a scam? They charge you higher?I just realised its DCC which is a scam... Remember to mention to the merchant to charge in LOCAL CURRENCY (eg. not RM) before let them take your card to prevent any issues after they swap the card... Do not agree to pass them you card if they refuse to charge in Local Currency. So far this worked in Phuket Thailand, where there is no DCC transaction so far for around 10 transactions made over there and by asking the merchant in prior to charge in Thai Bath.. |
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Sep 8 2013, 10:55 AM
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#5
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All Stars
17,053 posts Joined: Jan 2003
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QUOTE(sjz @ Sep 8 2013, 02:48 AM) yup...their exchange rate is always about 5% mark up from the prevailing rate... The other day I get my card charge in Japan but instead of Yen it was charged in USD. Is this DCC as well? Well on the receipt it showed Yen but then the bank SMS showed USD.and the merchant get a share of comision with the DCC fees u pay.. and some credit card issuers still charge 2% (1% by Visa, 1% by bank) even u use DCC!! |
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Sep 9 2013, 10:16 AM
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#6
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All Stars
17,053 posts Joined: Jan 2003
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QUOTE(sjz @ Sep 8 2013, 11:53 AM) yup...i think it should be DCC... I'm not sure as the receipt is in Japanese. Well can't do much but it seems converting to USD is more or less the samethe receipt does it got some long word like "i am offered a choice to pay in local currency and i agree to pay in local currency with the Visa/Master reference rate and mark up stated clearly" |
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Sep 21 2013, 10:21 AM
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#7
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All Stars
17,053 posts Joined: Jan 2003
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QUOTE(zenquix @ Sep 13 2013, 12:56 PM) SC i heard is crap. Someone posted rates that show OCBC is lower than MBB but u only get 1%, and eats up yr RM50 quota Only thing good on SC is the 5x rewards point |
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Nov 14 2014, 02:23 PM
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#8
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All Stars
17,053 posts Joined: Jan 2003
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QUOTE(ronnie @ Nov 14 2014, 01:31 PM) Generally... AMEX's forex admin rate is highest Really? AEON WATAMI conversion rates good as well? Go apply AEON WATAMI Visa for 1% admin fee + 2X Bonus Points |
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Nov 18 2014, 10:39 AM
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#9
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All Stars
17,053 posts Joined: Jan 2003
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QUOTE(ronnie @ Nov 14 2014, 04:29 PM) Visa Rate + 1% Admin fee When you mentioned Visa rate it means the rates published by Visa? Some banks have their own rates instead of using those by Visa, but I guess Aeon is not a bank so they follow it? |
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