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 Credit Card Foreign Exchange Rate

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Devil4life
post May 16 2014, 09:25 AM

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QUOTE(Human Nature @ May 16 2014, 12:24 AM)
For Maybank 2 AMEX, the cash back is based on the transaction date or the posting date? And is it based on Malaysian time?
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Transaction date, based on local time, not Malaysia time.
Devil4life
post May 16 2014, 10:44 AM

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QUOTE(Human Nature @ May 16 2014, 10:26 AM)
alright thanks. been avoiding using amex overseas but if can get the 5% cashback and 5x points, will give it a try.
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yup, after factoring 5% rebate and 5x points is even lower than money exchange rate (of course if it's within cap)
Devil4life
post Jul 8 2014, 06:51 PM

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QUOTE(RokXIII @ Jul 8 2014, 05:19 PM)
hi guys, could i check with u all, which of the following credit cards (those that i have) should be given the best rate oversea (US) ?

1) MBB 2 Amex
2) MBB 2 Master
3) AEON WATAMI VISA
4) Hong Leong MACH VISA
5) Public Bank Gold Master

i referred back to some of the posts here, seems the highlighted 2 give the best rate among the rest in the list.
pls advise. notworthy.gif
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Use MBB 2 Amex on weekend and Watami on weekday, provided rebate quota not finish
Devil4life
post Dec 3 2015, 10:23 AM

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QUOTE(kyle_kl @ Dec 2 2015, 08:23 PM)
Why Aeon Watami rate so high one?
I still planning to use the card for coming Bangkok trip
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you can post the rate for our info once you came back from Bangkok then.

If high, should be all currency high, but seems like Yen only thus far, another person posted USD seems alright the rate. hmm.gif
Devil4life
post Feb 22 2016, 04:53 PM

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QUOTE(kenjixx @ Feb 22 2016, 10:44 AM)
|Transaction Type|Aeon Watami|
Transaction Date18/02/2016
Posting Date21/02/2016
Transaction amountJPY13330
Amount chargedRM508.07
rate0.03811
visa rate0.037275 @ 18/02/2016 @ 0.0% foreign transaction fee
Difference(0.03811 - 0.037275) / 0.037275 =2.25%
visa rate0.037737 @ 21/02/2016 @ 0.0% foreign transaction fee
Difference(0.03811 - 0.037737) / 0.037737 =1.00%

Transaction TypeAeon Watami
Transaction Date20/02/2016
Posting Date22/02/2016
Transaction amountJPY2290
Amount chargedRM87.28
rate0.03811
visa rate0.037737 @ 20/02/2016 @ 0.0% foreign transaction fee
Difference(0.03811 - 0.037737) / 0.037737 =1.00%
visa rate0.037737 @ 22/02/2016 @ 0.0% foreign transaction fee
Difference(0.03811 - 0.037737) / 0.037737 =1.00%
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Why there is 2 rates? One based on transaction date and the other is posting?
Devil4life
post Feb 8 2018, 11:40 AM

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Just to confirm the exchange rate is follow posting rate right?

I compared both my Maybank2kard AMEX and Maybank Visa Signature used in USD & KRW, it seems AMEX exchange is even lower.

Maybank2kard AMEX
Transaction date : 3 Feb
Posting date : 6 Feb
USD rate : 3.988

Transaction date : 3 Feb
Posting date : 6 Feb
KRW rate : 3.661

Maybank VS
Transaction date : 3 Feb
Posting date : 6 Feb
USD rate : 3.991

Transaction date : 2 Feb
Posting date : 6 Feb
KRW rate : 3.679

With 5% rebate some more, better I use AMEX
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