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 Credit Card Foreign Exchange Rate

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daijoubu
post Feb 21 2018, 01:28 PM

Love Many. Trust Few. Do Wrong to None.
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Is there any VISA based prepaid or debit card that has 0% transaction fees?

daijoubu
post Feb 23 2018, 10:48 AM

Love Many. Trust Few. Do Wrong to None.
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Senior Member
5,193 posts

Joined: Jan 2003




QUOTE(eeeglow24 @ Feb 22 2018, 08:42 PM)
If I'm not mistaken bank rakyat debit card is Visa. Maybe you can try get one from them. But this card got annual fee of Rm8 (waived for first year).  Now it got promo whereby 0% mark up rate for overseas transaction. But none of us here have posted their transaction using this card. Maybe you can be one 😂😂😂
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I think their cards are all Mastercard? I will call to enquire.

I recently used the below cards to receive money.

Charges applicable
- Maybank Barcelona Visa Signature =2.3%
- Public Bank Visa Signature = 1.37%

I am still trying to find a Visa card that can receive money with 0% charges.
I've used a mastercard before that has 0% charges, but I need a Visa instead sad.gif
daijoubu
post Feb 23 2018, 12:50 PM

Love Many. Trust Few. Do Wrong to None.
*******
Senior Member
5,193 posts

Joined: Jan 2003




QUOTE(eeeglow24 @ Feb 23 2018, 12:40 PM)
Not really sure what do you mean by ``receive money``. Usually cards are used to spend, not to receive money. ie debit cards are attached to savings account, credit card is used to spend within the limit of your credit card.

So I'm not sure what do you mean by 'receive money' here...
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Merchants and payment providers overseas can "send" money into your credit card / debit cards. Sometimes the money is sent as a result of a product refund (different from a payment reversal), sometimes the money can be sent like a bank transfer.

If foreign currency is sent, then it gets converted based on VISA/Mastercard's rates minus any fees/markups


 

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