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 Credit Card Foreign Exchange Rate

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coyouth
post Mar 13 2024, 10:14 AM

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QUOTE(Steve78 @ Mar 7 2024, 08:04 PM)
Please be aware that the forex rate offered by Amex is the worst compared to all other card networks.
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AMEX is under maybank. i assume maybank has pretty high exchange rates as well?
coyouth
post Mar 14 2024, 10:04 AM

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QUOTE(Steve78 @ Mar 13 2024, 06:37 PM)
American Express sets its exchange rates, and Maybank applying additional fees on top of it.
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walao wei. thanks for sharing. gonna make another overseas payment today. probably will use my aeon credit card instead.
coyouth
post Mar 14 2024, 12:07 PM

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QUOTE(ClarenceT @ Mar 14 2024, 10:55 AM)
Though AMEX may charge higher, but you may get 5x Treatpoints (worth 1%) vs. 1x Treatpoint (or 0.2% CB) for using Visa/MC.

TNG Visa & Wise (TransferWise) Visa Debit can give cheaper rate, better than using Visa/MasterCard credit card.
e.g. S$2
TNG Visa RM7.06
Wise Visa Debit RM7.09
Public Bank Visa Credit RM7.15
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thanks for sharing the figures.

 

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