Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Card Foreign Exchange Rate
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 Oct 14 2022, 02:28 AM
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#1
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Junior Member
426 posts Joined: Aug 2011 
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12/10/22 Maybank Visa Infinite Manchester
£10 GBP Charged RM 53.46 Visa calculator: RM 52.28 Mark up over visa calculator: 2.25% 06/09/22 RHB visa infinite £167 GBP Charged RM 882.60 Visa calculator: RM 865.21 Mark up over visa: 2.01% This post has been edited by jerantut2011: Oct 14 2022, 05:51 AM |
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Nov 10 2022, 02:18 PM
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#2
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Junior Member
426 posts Joined: Aug 2011
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QUOTE(frankliew @ Nov 2 2022, 03:17 AM) Anyone using RHB Multi Currency Debit card? The exchange rates are much better than Visa and Mastercard, but there's no reward point in using the Multi currency debit card. However, RHB offers very high interest rates on foreign currencieshttps://www.rhbgroup.com/personal/deposits/...view/index.html  |
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Dec 30 2022, 04:26 PM
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#3
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Junior Member
426 posts Joined: Aug 2011
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QUOTE(Mr Gray @ Dec 28 2022, 01:06 PM) Standard Chartered Jumpstart Debit Card Did you receive the 5% cashback as advertised?Date: 15 October 2022 GBP: 47.99 MYR: 256.67 Rate: 5.3484813 Date: 16 October 2022 QAR: 81 MYR: 104.7 Exactly the same as Mastercard Exchange Rate. Wow, this is the first time I see card being advertised as zero FX markup actually have exactly zero fee. I guess now SCB Jumpstart Debit Card is the best card to be used for foreign transactions.    |
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Jan 11 2023, 02:44 AM
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#4
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Junior Member
426 posts Joined: Aug 2011
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9/01/23 Touch N Go Prepaid Visa, GBP 1 = RM 5.3336 Big Pay prepaid card, GBP 1 = RM 5.36972 It looks like the Touch N Go Prepaid Visa card has more competitive exchange rate than the Big Pay card. However, the Touch N Go may not have updated its system to charge foreign exchange fee yet. Steve78 liked this post
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Jan 23 2023, 06:14 AM
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#5
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Junior Member
426 posts Joined: Aug 2011
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QUOTE(lalahehe90 @ Jan 12 2023, 12:14 PM) Just use pbb vs at a japanese website Hi, wondering if you used the Visa Exchange Rate on the Transaction or Posting Date? I believe that the banks normally confirm the Exchange Rate on Posting Date - that's when the merchants actually claim funds from the card issuing banks.Transaction date 5 jan Posted date 9 jan Transaction amount 24600 jpy Pbb charged rm848.68 Visa website rm836.03 Therefore bank fee is 1.5% I thought pbb charged 1.25%? If use the Visa Exchange Rate on the Posting Date 9th January 24600 JPY = 821.427363 MYR Public Bank charged RM 848.68 This suggests a total fee of 3.32% unfortunately |
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Jan 23 2023, 06:23 AM
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#6
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Junior Member
426 posts Joined: Aug 2011
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Comparing several cards. It is surprising that the Maybank Visa Infinite's fee is even higher than the Maybank AMEX. I could not find the official exchange rate for AMEX but one would normally expect it to be less competitive than Visa International.
The Touch N Go Visa has 0% fee as of now. The CIMB World Travel Elite is advertised as having 0% foreign exchange fee but there is still a de facto 0.94% charge. *Note that Visa/Mastercard Exchange Rate on the Posting Date was used. Meanwhile, the Exchange Rate on 21th and 22th January was the same due to weekend. This post has been edited by jerantut2011: Jan 23 2023, 06:27 AM Attached thumbnail(s) 
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Feb 25 2023, 10:56 PM
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#7
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Junior Member
426 posts Joined: Aug 2011
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QUOTE(xander2k8 @ Jan 10 2023, 09:50 PM) Have you factored in 2% bank fee? Touch N Go did not charge 2% feesI suspected TnG will charge 2% later in your statement upon settlement later in 2 days |
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Apr 7 2023, 05:04 PM
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#8
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Junior Member
426 posts Joined: Aug 2011
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Transactions on 7th April 2023
BigPay: GBP 1, RM 5.5653 (1% fee on top of Visa Rate) Touch N Go Visa: GBP 1, RM 5.5653 (1% fee on top of Visa Rate) Official Visa Rate: 1 GBP = 5.510210 MYR |
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Apr 20 2023, 02:06 PM
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#9
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Junior Member
426 posts Joined: Aug 2011
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20/04/2023
Paid RM 3991.68 (In Ringgit-MYR) at Hotels.com Malaysia. Charged RM 4031.60 by Touch N Go Visa Prepaid - (inclusive of 1% cross border payment fee - even when the currency is in MYR Ringgit) Is this an error by Touch N Go Prepaid Visa? |
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