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 Credit Card Foreign Exchange Rate

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ddevil
post Oct 12 2014, 08:50 AM

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62 posts

Joined: Oct 2006


Maybankard 2 Visa

1. Transaction Date: 14-June-2014
Posting Date: 16-June-2014
Transaction amount: EGP99
Amount charged: RM45.55
Effective rate: 1 Egyptian Pound = 0.450038 Malaysian Ringgit
Quoted Rate: 1 Egyptian Pound = 0.460101 Malaysian Ringgit
Effective Charge: 2.236%

2. Transaction Date: 31-July-2014
Posting Date: 2-August-2014
Transaction amount: SGD13.60
Amount charged: RM35.64
Effective rate: 1 Singaporean Dollar = 2.577102 Malaysian Ringgit
Quoted Rate: 1 Singaporean Dollar = 2.620588 Malaysian Ringgit
Effective Charge: 1.687%

3. Transaction Date: 5-Sept-2014
Posting Date: 6-Sept-2014
Transaction amount: CNY173.04
Amount charged: RM92.03
Effective rate: 1 China Yuan Renminbi = 0.520122 Malaysian Ringgit
Quoted Rate: 1 China Yuan Renminbi = 0.531842 Malaysian Ringgit
Effective Charge: 2.253%

4. Transaction Date: 16-Sept-2014
Posting Date: 18-Sept-2014
Transaction amount: MXN12778.22
Amount charged: RM3206.43
Effective rate: 1 Mexican Peso = 0.245396 Malaysian Ringgit
Quoted Rate: 1 Mexican Peso = 0.250929 Malaysian Ringgit
Effective Charge: 2.255%

For all the transactions made except in Singapore, the admin charge by MBB is always very consistent at around 2.25%
Just wondering if 2.25% is a little high or is there any other card that can provide better rates? Cuz Im a really heavy user in oversea transactions

ddevil
post Oct 19 2014, 07:59 AM

Getting Started
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Junior Member
62 posts

Joined: Oct 2006


QUOTE(DarReNz @ Oct 12 2014, 06:56 PM)
go for aeon cards just 1%
*
Thanks for the info! i looked at ur transaction rate, it looks great rclxms.gif

 

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