Will be booking a hotel using HKD.

Maybank2 Master or Citibank Visa?

Agoda same hotel same period

USD 323 VS RM1031

Maybank2card MasterCard

Transaction Date : 11-Mar-2013
Posting Date : 12-Mar-2013
Amount charged in foreign currency : USD 322.55
Amount billed in MYR : RM 1012.04
Final exchange rate : USD 1 = RM 3.138

Maybank2card MasterCard

Transaction Date : 16-Mar-2013
Posting Date : 18-Mar-2013
Amount charged in foreign currency : £ 44
Amount billed in MYR : RM 208.66
Final exchange rate : £ 1 = RM 4.742

Maybank2card MasterCard

Transaction Date : 27-Mar-2013
Posting Date : 28-Mar-2013
Amount charged in foreign currency : HKD 520
Amount billed in MYR : RM 209.32
Final exchange rate : HKD 100 = RM 40.26

Maybank2card MasterCard

Transaction Date : 14-May-2013
Posting Date : 15-May-2013
Amount charged in foreign currency : NZD 238
Amount billed in MYR : RM 600.37
Final exchange rate : NZD 1 : RM 2.52256

it is well known that Amex charge higher exchange rate. I always use Master and Visa for oversea transactions.

Yes transacted on weekend so you get Rm50 rebate.

Maybank2Kard Master Card

Transaction Date : 31 May 2013
Posted Date : 3 June 2013
Amount charged : SGD 18
Converted Amount : MYR 44.02
Final Exchange rate: 2.445

Transaction Date : 31 May 2013
Posted Date : 3 June 2013
Amount charged : SGD 56
Converted Amount : MYR 136.98
Final Exchange rate: 2.446

Transaction Date : 31 May 2013
Posted Date : 3 June 2013
Amount charged : SGD 252
Converted Amount : MYR 616.44
Final Exchange rate: 2.446

Transaction Date : 31 May 2013
Posted Date : 1 June 2013
Amount charged : NZD 18
Converted Amount : MYR 44.33
Final Exchange rate: 2.463

Transaction Date : 14 May 2013
Posted Date : 14 May 2013
Amount charged : NZD 238
Converted Amount : MYR 600.37
Final Exchange rate: 2.523

Citibank Clear Visa Card

Transaction Date : 14 May 2013
Posted Date : 14 May 2013
Amount charged : SGD 2292
Converted Amount : MYR 5650.03
Final Exchange rate: 2.465

bro sekalian

i am surprise to learnt that Alliance rate is very high

i am charged 1 NZD : 2.77 MYR and 1 USD : 3.3 MYR for transaction on 2/10/2013. its like 3% charged on top of exchange rate?

Sorry...its Mastercard!! Which is why i am very surprised because i read Gen-x comment that rate should be quite reasonable for Alliance MC.

The rate at mastercard website is NZD1 to MYR 2.67, they are charging me MYR 2.77!!

I called the CS and he couldn't explain as well and told me they have no clue, insisted them to gv me an explanation only he is willing to file an investigation.

Some rates for comparison on Alliance MC

1/10/2013
MC rate: 1USD to 3.258MYR
Transaction amount: USD14.55
Amount charged: MYR48.37
Effective rate: 3.324
Additional Charge: 2%

2/10/2013
MC rate: 1USD to 3.2375MYR
Transaction amount: USD18.72
Amount charged: MYR61.83
Effective rate: 3.303
Additional Charge: 2%

MC rate: 1USD to 3.2375MYR
Transaction amount: USD29.16
Amount charged: MYR96.32
Effective rate: 3.303
Additional Charge: 2%

MC rate: 1NZD to 2.6764MYR
Transaction amount: NZD306
Amount charged: MYR848.23
Effective rate: 2.772
Additional Charge: 3.57%

This post has been edited by bearbear: Oct 7 2013, 04:01 PM

ok will try next month in NZ especially if it is on weekend.

ok will try next month in NZ especially if it is on weekend.

which mean it can work both way i.e. if the rate are reverse you will be refund less.

Anyway nice free cash there

I suspect AEON is perhaps the best card to use for best conversion rate

My little experiment - All transacted on 16/10/2013 within 10 minutes

Alliance Master
Transaction amount: USD16.25
Amount charged: MYR52.71
Effective rate: 3.24369

OCBC Titanium Master
Transaction amount: NZD18.07
Amount charged: MYR49.43
Effective rate: 2.73547

Aeon Visa
Transaction amount: NZD19.91
Amount charged: MYR53.17
Effective rate: 2.67052

This post has been edited by bearbear: Oct 30 2013, 10:39 AM

which is surprising...i remember them telling me that they charge 1% for transaction fee.

Let me dig out my gf exchange rate for Yen for her trip back in June and compare.

need some help here; below transactions in Japan with Aeon Visa.

Transaction date: 16/6
Posting date: 17/6
Transaction amount: JPY 1900
Amount charged: MYR 59.49

Visa Rate (0%): JPY 1 : MYR 0.033309
Effective Rate: JPY 1 : MYR 0.031311

Transaction date: 20/6
Posting date: 22/6
Transaction amount: JPY 34000
Amount charged: MYR 1064.51

Visa Rate (0%): JPY 1 : MYR 0.033041
Effective Rate: JPY 1 : MYR 0.031309

Transaction date: 20/6
Posting date: 25/6
Transaction amount: JPY 11550
Amount charged: MYR 361.62

Visa Rate (0%): JPY 1 : MYR 0.033095
Effective Rate: JPY 1 : MYR 0.031309

Transaction date: 26/6
Posting date: 28/6
Transaction amount: JPY 15326
Amount charged: MYR 479.84

Visa Rate (0%): JPY 1 : MYR 0.032599
Effective Rate: JPY 1 : MYR 0.031309

I paid less than rates in Visa?

Again Aeon Visa is giving me interesting rates again

RM 2.655699 to NZD 1 for transactions made on 10 Nov and 13 Nov where Visa rate is equal or higher on the day.

This is gonna be the card for me to use for all my oversea transactions

Aeon Visa

Transaction date: 21/11
Posting date: 22/11
Transaction amount: SGD 86
Amount charged: MYR 213.75

Effective rate 1 SGD = 2.485 MYR

Visa exchange rate
21/11 1 SGD = 2.563 MYR
22/11 1 SGD = 2.571 MYR

Thanks for sharing especially on Watami, AEON is probably the best card to use for lowest exchange rate without considering the rebates and what not.

sharing is caring, now that you confirm that Watami does enjoy lower exchange rate i will now apply for Watami as it has the rebate advantage over my new aeon CC.

Bet you gonna use your Watami for all oversea transactions from now on huh?