Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Card Foreign Exchange Rate
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 Aug 5 2011, 11:00 PM
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#1
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ  
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QUOTE(MilesAndMore @ Aug 5 2011, 03:56 PM) zenquix has confirmed that even overseas transactions made with the MBB2 AMEX are based on the transaction date and not the posting date. i thk this happened due to the last day of the month and the last weekend of the month falls on the same day normally the transaction would have posted before the cash back calculation maybe mbb need to shift the cash back calculation to the 2nd or 3rd day of the month to avoid this |
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Apr 14 2012, 11:02 AM
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#2
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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Maybankard2 Amex
Transaction date : 11-Apr-2012 Posted date : 13-Apr-2012 Amount charged in foreign currency : USD80 Amount billed in MYR : RM251.53 Final exchange rate : USD1=RM3.1441 Maybankard2 Amex Transaction date : 11-Apr-2012 Posted date : 13-Apr-2012 Amount charged in foreign currency : USD6 Amount billed in MYR : RM18.86 Final exchange rate : USD1=RM3.1433 From the above seems like the exchange rate is different for the same card on the same day on same currency - USD  ================================ Maybankard2 Visa Transaction date : 11-Apr-2012 Posted date : 13-Apr-2012 Amount charged in foreign currency : KRW48450 Amount billed in MYR : RM132.62 Final exchange rate : KRW1000=RM2.7373 SCB JustOne Titanium Master Transaction date : 11-Apr-2012 Posted date : 13-Apr-2012 Amount charged in foreign currency : KRW12,000 Amount billed in MYR : RM32.96 Final exchange rate : KRW1000=RM2.7467 Forex rate from Al-Rajhi counter at KLIA on 08-Apr-2012 : KRW10,000 = RM33.00; worst than both the cards above Normally Master rate is better than Visa rate, but SCB admin charges is higher than MBB. So I guess the best forex rate can be obtained through MBB Master. But for MBB, are there any difference for the rates between different MasterCard - Gold, Platinum, M2 Platinum, World? This post has been edited by alexwsk: Apr 22 2012, 11:53 PM |
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Apr 15 2012, 10:46 AM
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#3
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(Gen-X @ Apr 14 2012, 11:36 AM) I posted in 2009 in my blog that for my AMEX card, I did 3 transactions at Universal Studios LA minutes apart (because of some discount thingy for certain amount if not mistaken) and all 3 transactions different rates. i wonder if amex is using live forex by minutes  |
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Jun 13 2012, 05:23 PM
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#4
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(deejay220989 @ Jun 13 2012, 02:19 PM) Hi guys, go for MBB mastercard, will not be wrongI need advice. I plan to get a credit card mainly for overseas online transaction. From the first post, it stated that Maybank has the lowest admin charge of 0.5% However the previous pages showed that the charges are now around 1%. Should I continue to get Maybank CC? Did the admin charge increase? Thanks! |
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Sep 22 2012, 06:58 PM
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#5
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(ckng2000 @ Sep 22 2012, 05:53 PM) Hi all. Here is some info i have regarding maybank master/visa card. 1st time i read visa is lower than masterPayment in USD via Paypal for Ebay Purchases. Maybank World Mastercard USD8000 = MYR25371.00 Maybank Visa Infinite USD8000 = MYR24785.40 Transaction Date: 19-09-2012 |
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Oct 4 2012, 09:14 PM
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#6
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(CP88 @ Oct 4 2012, 08:58 PM) Thanks for the highlighting. So I should take the posting date which is on the 1st Oct exchange rate rite? yes, pls use posting date |
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Nov 17 2012, 12:28 PM
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#7
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(vincentxiang @ Nov 17 2012, 11:28 AM) Citi Clear Card use posting dateTransaction Date: Nov 14, 2012 Amount charged in USD: 200 Amount billed in MYR: 625.32 Final exchange rate: 3.1266 Exchange rate estimator : http://corporate.visa.com/pd/consumer_serv...er_ex_rates.jsp Enter Bank Fee : 1% (as per post#1) Date Requested : Nov 14, 2012 Final exchange rate: 3.096660 The generated result as below [attachmentid=3160226][SIZE=14] The result is not match  Does anyone know the reason? Could it be the bank fee not correct?  |
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Aug 25 2013, 08:35 PM
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#8
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(doraemon_p @ Aug 25 2013, 03:43 PM) OCBC MASTERCARD TITANIUM can't believe the rate for M2 Master is now higher than OCBC Master Transaction date : 22-Aug-2013 Posting date : 24-Aug-2013 EUR 25 RM 112.09 Exchange rate : 4.4836 Maybankard 2 MasterCard GOLD Transaction date : 22-Aug-2013 Posting date : 24-Aug-2013 EUR 25 RM 112.10 Exchange rate : 4.484 Maybankard 2 MasterCard AMEX Transaction date : 22-Aug-2013 Posting date : 23-Aug-2013 EUR 25 RM 113.42 Exchange rate : 4.5368  |
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May 2 2014, 10:18 AM
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#9
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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OCBC Titanium - Paypal transaction
Transaction Date: 30 Apr 2014 morning 9am (shown as 29 Apr in OCBC online) Posting Date: Not shown, first appeared in OCBC online 02 May 14 Transaction amount: USD41.60 Amount charged: RM139.01 Effective rate: USD1 = MYR3.3416 Bank Charges: Above 2% M2 Amex - Paypal transaction Transaction Date: 30 Apr 2014 night 8pm (shown as 30 Apr in M2U) Posting Date: 02 May 14 Transaction amount: USD1.95 Amount charged: RM6.53 Effective rate: USD1 = MYR3.3487 So conclusion seems like M2Amex better as OCBC Tit gets 1% cash back and M2Amex gets 2% equivalent points This post has been edited by alexwsk: May 3 2014, 09:06 PM |
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May 4 2014, 10:23 PM
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#10
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(Without @ May 4 2014, 01:07 PM) MBB2Card Visa what is your transaction date and posting date in M2U?Transaction on 30 April 2014 44.95$ USD, charged at RM150.17 After convert, 3.3408 per USD, admin fees seems high Need a better card for overseas transaction, any suggestion? i have one similar transaction as yours 2 posts above |
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May 5 2014, 11:40 PM
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#11
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(Without @ May 5 2014, 08:32 AM) Transaction date on 30th April, posting date 3rd of May. ur rate is better than mine transaction 30 apr posted 2 may, so dun complain  |
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May 6 2014, 06:59 PM
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#12
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(Without @ May 6 2014, 02:53 AM) Yours is amex, mine is visa, conversion rate is different. eh, my badsaw M2 straight away thk of M2Amex only no wonder urs posted one day later |
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May 6 2014, 07:05 PM
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#13
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(Gen-X @ May 6 2014, 11:53 AM) I just published my article I Earned 15000 FREE Enrich Miles for Purchasing American Airlines Tickets Which Also Earn Enrich Miles where I bought American Airlines tickets using my Maybank 2 Cards Premier AMEX Reserve. just booked MAS to LAX yest too, out of 4 flights, only one by MAS, 2 by AA and 1 from JALTransaction Date: 30 April 2014 Posting Date: 5 May 2014 (Monday) USD4,320.64 RM14,342.60 USD/MYR Conversion Rate = 3.3195545 USD/MYR Spot Rate on 2nd May 2014 (based on Friday's Closing Rate) = 3.2661 (BNM website states 3.2690). too bad i dun hv M2 Premier |
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May 6 2014, 11:11 PM
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#14
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(Gen-X @ May 6 2014, 08:07 PM) OT - i booked yesterday, no 5% Bro, MBB2 Card AMEX also good lah, get 5% CB  My sis book her return flight KUL > JFK with JAL and she told me she'll be in Narita for few hours and they take her go shopping!!! only got 5X pts, luckily not personal trip and no Safekey feature for MAS, no verification call from MBB oso even though 1st time booking MAS online OT booked from mas coz it's cheaper than JAL for exactly the same flight i'll be stuck at narita too, 7 hrs going to LA and 19 hrs coming back to KL (have to find transit hotel or comfortable airport lounge) This post has been edited by alexwsk: May 6 2014, 11:17 PM |
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May 8 2014, 06:53 PM
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#15
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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M2 Amex - Online transaction
Transaction Date: 05 May 2014 Posting Date: 07 May 14 Transaction amount: USD115.46 Amount charged: RM385.57 Effective rate: USD1 = MYR3.3394 M2 Amex - Online transaction Transaction Date: 05 May 2014 Posting Date: 07 May 14 Transaction amount: USD72 Amount charged: RM240.43 Effective rate: USD1 = MYR3.3394 Both transactions above at the same time, so gotten same rate. OCBC Titanium - Online transaction Transaction Date: 06 May 2014 Posting Date: Not shown, first appeared in OCBC online 08 May 14 Transaction amount: EUR407.21 Amount charged: RM1892.52 Effective rate: EUR1 = MYR4.6475 Bank Charges: Around 2.75% |
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Jun 1 2014, 12:30 AM
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#16
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(oneeleven @ May 31 2014, 09:35 PM) In Taiwan, every bill must choose if card to be charged in Ringgit or $NT. Does it make any difference? my experience said charge using local currency (that country's currency) better rate |
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Oct 22 2014, 04:38 PM
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#17
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(mieza @ Oct 22 2014, 07:37 AM) Maybank Ikhwan Amex just a verification check on the credit card, will be refunded back to your credit card after few daysTransaction Date: 21-Oct-2014 Transaction amount: USD 0 Amount charged: USD 1 I received SMS Tq for spending for USD1.00.. I'm glad if someone can explain to me.. they need to charge you after the free period This post has been edited by alexwsk: Oct 22 2014, 04:39 PM |
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Jan 9 2015, 10:34 PM
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#18
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(karcity @ Jan 9 2015, 07:11 PM) Hi. I would like to ask ....when I buy things from overseas (US), they did ask me whether want to transact in US dollar or RM. Which one should I choose? Or both are same? experience said choose USD |
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Mar 5 2016, 09:35 AM
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#19
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(xHj09 @ Mar 5 2016, 07:05 AM) Hi all, I'm new to buying stuffs using paypal. (i'm still a student) just choose card's bank rateI can choose to use their rate.. 1 MYR = 0.24 US dollar OR using the card's bank rate. I checked here but don't really understand the rates.. What does the selling TT/OD, buying TT, buying OD mean? Selling TT/OD = 4.2100 Buying TT = 4.0600 Buying OD = 4.0500 paypal rate is  |
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Jul 6 2017, 08:57 PM
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#20
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Senior Member
4,092 posts Joined: Jan 2003 From: USJ
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QUOTE(pisang @ Jul 6 2017, 09:02 AM) dear all, posting datejust a quick question. For mastercard conversion, shall i take the "transaction date" or "posting date' for calculation. thank you in advance! |
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