Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Card Foreign Exchange Rate
|
|
 Jul 25 2011, 10:37 PM
Return to original view | Post
#1
|
 
Senior Member
2,326 posts Joined: Nov 2006 From: Maltese Planet ^_^  
|
from where did u guys manage to get the wawasan rate? which website?
so i should pay by MBB visa since is the lowest... rite? (jz to confirm, dont tembak me) but i need to make BT. So is stil better to pay by CIMB and then transfer d amount to mbb for 12 months instalment since the diff is only 0.5% This post has been edited by andyfriends: Jul 25 2011, 10:43 PM |
|
|
|
|
|
Nov 22 2011, 09:50 AM
Return to original view | Post
#2
|
|
Senior Member
2,326 posts Joined: Nov 2006 From: Maltese Planet ^_^
|
going to overseas tomorrow
a very quick question to ask. would you rather use your mbb visa/master or ocbc tit abroad? |
|
|
Nov 22 2011, 10:39 AM
Return to original view | Post
#3
|
|
Senior Member
2,326 posts Joined: Nov 2006 From: Maltese Planet ^_^
|
QUOTE(tifosi @ Nov 22 2011, 10:25 AM) Use the MBB cause it provides lower service charges unless you are absolute sure of the MCC that you are going to get the 5% discount for the OCBC. There are few cafes I went in Melb did not reg my transaction under the 5% category. but isnt that OCBC, we get 1% discount. is my calculation below correct? MBB: 100 + 0.5% : RM100.50 OCBC: (100+0.5%)-1%: 98.995 |
|
|
Nov 22 2011, 01:42 PM
Return to original view | Post
#4
|
|
Senior Member
2,326 posts Joined: Nov 2006 From: Maltese Planet ^_^
|
QUOTE(andyfriends @ Nov 22 2011, 10:39 AM) but isnt that OCBC, we get 1% discount. MBB: 100 + 0.5% : RM100.50 is my calculation below correct? MBB: 100 + 0.5% : RM100.50 OCBC: (100+1%)-1%: 98.995 MBB duo: (100+0.5%+2.5%) 5 % weekend: RM97.86 OCBC: (100+1%)-1%: RM99.99 stil cheap hor? This post has been edited by andyfriends: Nov 22 2011, 02:07 PM |
|
|
Nov 22 2011, 02:08 PM
Return to original view | Post
#5
|
|
Senior Member
2,326 posts Joined: Nov 2006 From: Maltese Planet ^_^
|
QUOTE(ronnie @ Nov 22 2011, 02:07 PM) I believe the admin fee for OCBC is higher than 1%... i called ocbc, they told me 1 % hmm... |
|
|
Nov 22 2011, 02:35 PM
Return to original view | Post
#6
|
|
Senior Member
2,326 posts Joined: Nov 2006 From: Maltese Planet ^_^
|
QUOTE(gerrardling @ Nov 22 2011, 02:23 PM) if there is any promotion for OCBC card, just use OCBC. Else use Maybank visa or master. Its up to you want to listen or not reasons please... |
|
|
|
|
|
Nov 22 2011, 07:49 PM
Return to original view | Post
#7
|
|
Senior Member
2,326 posts Joined: Nov 2006 From: Maltese Planet ^_^
|
QUOTE(MandyG @ Nov 22 2011, 06:17 PM) As explained by other already that their currency forex rate are lower. They stated that their admin fee is 1% but after convert it will be higher than 1%. As I mentioned in my previous post; HLB mastercard say admin fee is 1% but after few transaction and after covert the admin fee is still higher than 1%... If you don't want to listen then you can try and swipe your card oversea, after the billing, you let us know or proves to us that the admin fee is 1%.... oh i get u. i think admin is still at 1% is just that the currency rate is higher than others offered by the bank. thx for explaning  |
|
|
Nov 22 2011, 10:40 PM
Return to original view | Post
#8
|
|
Senior Member
2,326 posts Joined: Nov 2006 From: Maltese Planet ^_^
|
QUOTE(MilesAndMore @ Nov 22 2011, 10:15 PM) The exchange rate is actually determined by VISA or MasterCard, depends on what card brand you are using. u mean regardless the bank, there are only 2 rates that is visa / master?which is lower? |
|
|
Nov 22 2011, 11:38 PM
Return to original view | Post
#9
|
|
Senior Member
2,326 posts Joined: Nov 2006 From: Maltese Planet ^_^
|
QUOTE(rockefeller @ Nov 22 2011, 11:05 PM) Sample expenditure in London recently: it appears that master has a lover currency rate.Transaction Date: 4th November 2011: American Express Platinum Charge Card Amount in foreign currency: GBP 858.35 After conversion: RM 4,450.90 Standard Chartered PB Visa Infinite Amount in foreign currency: GBP 24.00 After conversion: RM 122.94 Maybankard World Mastercard Amount in foreign currency: GBP 43.48 After conversion: RM 219.16 |
|
|
Nov 30 2011, 10:31 AM
Return to original view | Post
#10
|
|
Senior Member
2,326 posts Joined: Nov 2006 From: Maltese Planet ^_^
|
I'm so confused as to how to do the currency conversion, m quite a dumy. anyhow, I used MBB Visa and OCBC Tit overseas. Alth the bank charges of OCBC is higher, with the 1/5% is still cheaper than MBB Visa. Of course, without the cash rebate, MBB is stil cheaper.
Please see below the comparison. Transaction Date: 26.11.2011 (MBB Visa) Amount in foreign currency: IDR 90300 After conversion: RM 32.16 Rate: RM1: IDR 2807.84 Transaction Date: 26.11.2011 (OCBC Tit), I just checked and I got 5% rebate. Amount in foreign currency: IDR 91,000 After conversion: RM 32.55 (assuming 0%, no rebate): RM32.55 Rate: RM1: IDR 2795.67 (assuming 1%): RM32.22 Rate: RM1: IDR 2823.94 (assuming 5%): RM30.92 Rate: RM1: IDR 2942.84 |
| Change to: |  0.0460sec
 0.56
 7 queries
 GZIP Disabled
Time is now: 27th November 2025 - 04:15 PM |
Quote