^
http://www.wawasanmoneychanger.com.my/exchangeRates.asp

After factoring the 5% rebate for amex weekends + 5X points, is maybank visa or maybank amex better?

correct me if i am wrong, 5% rebate for overseas transactions rebate are based on the posting date so perhaps this is the reason 1-2 August ones are not eligible...

well then you stand to get the 5% ;-)

Let's say I am charging RM3000 equivalent of foreign currency to my card, comparing between AMEX and VISA

Weekends
AMEX: + RM50 (5% max rebate) + RM75 (15000 TP) - RM90 (0.5% + 2.5% service charge) = + RM35
VISA: + RM15 (3000 TP) - RM15 (0.5% service charge) = 0

Weekdays
AMEX: + RM75 (15000 TP) - RM90 (0.5% + 2.5% service charge) = - RM15
VISA: + RM15 (3000 TP) - RM15 (0.5% service charge) = 0

Can I conclude that use AMEX on weekends; use VISA on weekdays?

Assumption: The exchange rate for the same bank is the same, the only diffrence is the service charge. Is this correct?

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Added on August 7, 2011, 9:57 pmOn a second thought, it is only worth it to use AMEX as long as it does'nt dip to negative.

Clarification from zenquix:
This post has been edited by Human Nature: Aug 8 2011, 05:44 PM

Is this correct?

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Added on September 4, 2011, 6:23 pmIf the above is correct, comparing between Maybank Visa and SCB Plat Business Visa is as follows:

MBB : 0.5% (1x points) - 0.5% (charge) = 0
SCB : 0.5% (cashback) + 1.5% (3x points) - 1% (charge) = 1% ('gain')

In this case, both are Visas hence same forex rate. Am I missing something here?


This post has been edited by Human Nature: Sep 4 2011, 06:23 PM

it is thus 1.07% for the 3x points

Not sure, still waiting for expert to guide. I am still not sure if this is correct:

Final amount charged = Amount in foreign currency + Admin rate (imposed by the bank, e.g. 0.5% Maybank visa) + Foreign exchange rate (imposed by visa/mastercard/amex)

i presume you used OCBC Ti because its for dining/grocery?

Let's say I purchased an item priced at HKD100.00 using MBB Visa.

On 15-Sept-2011, the amount in MYR is:

Real exchange rate is: RM39.68
http://finance.yahoo.com/currency-converte...YR;to=HKD;amt=1

Wawasan Sentosa exchange rate is: RM39.65
http://www.wawasanmoneychanger.com.my/exch...p?currentPage=2

Visa exchange rate is: RM39.589 (visa rate estimator using with a bank foreign transaction fee of 0.5% for MBB Visa)
http://corporate.visa.com/pd/consumer_serv...er_ex_rates.jsp

This means that RM39.589 will appear in my card's statement, which is lower than the rates imposed by Wawasan Sentosa and real case
This is logically not possible, so what am i missing here?

Taking a step further, 1 TP = 0.5%, so after minus the treatpoint equivalent, it's RM39.391.

This post has been edited by Human Nature: Sep 16 2011, 02:37 PM

Which one would you recommend me to use for the following scenario?

Normal item:
Maybank Visa (0.5% bank rate, 1x point)
vs
SCB Business Visa (1% bank rate, 0.5% cashback, 3x points)

Dining:
Maybank Visa (0.5% bank rate, 1x point)
vs
OCBC Ti Mastercard (1% bank rate, 5% cashback)

Thanks

Thank you for the feedback. I notice you used OCBC Ti too and it made me start thinking.

You meant HK$100

Not so advisable to carry a huge amount of cash with you in a foreign country

^ It is 1% charge for OCBC from the first post, not 0.5%.

Not quite true. Refer to Post#1 for info.

Interesting, visa is slightly higher than mastercard. thanks for the effort zenquiz!

Maybankard 2 Visa
Transaction date : 9/5/12 - SMS alert on 8/5/12
Posted date : 10/5/12
Amount charged in foreign currency : AUS200
Amount billed in MYR : RM628.23
Rate = 3.14115

Actual rate on 10/5/12: 3.0889

Exchange rate posted in Visa Exchange Rate Tools:
3.102324 (if bank fee 0%)
3.117836 (if bank fee 0.5%)
3.133347 (if bank fee 1%)
3.148859 (if bank fee 1.5%)

I got a lousy rate?

yeah, money changers in Melaka was selling ~3.145

add: maybank visa fee is between 1.0 to 1.5% now, not 0.5% anymore. I wonder if other banks are having the same increase too.

This post has been edited by Human Nature: May 11 2012, 12:20 PM

Refer to 1st page, there is a link for the Exchange rate estimator