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 Credit Card Foreign Exchange Rate

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dopp
post Jun 3 2011, 11:02 PM

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From: Penang



m2amex (all usd)
Posting / Trans
24/5 22/5 $6.47 RM20.12 ---- 3.109
17/5 14/5 $2.44 RM7.55 ---- 3.094
(if trans at weekend, get extra 5% + 5x points... not bad to use amex )



maybank mastercard
13/4 12/4 $0.99 RM3.01 --- 3.04
4/5 02/5 $5.48 RM16.38 --- 2.989
22/4 20/4 $35.97 RM109.16 --- 3.03

This post has been edited by dopp: Jun 3 2011, 11:04 PM
dopp
post Dec 14 2011, 05:00 PM

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Senior Member
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From: Penang



Saturday:
m2 amex plat USD864 = RM2777.64 exch rate :
3.214861111111111
USD12.99 = RM41.76 (1 hour apart on same card)
3.214780600461894

Same day, almost same time
CIMB Visa Signature USD42 = RM135.17 exch rate:
3.218333333333333


Conclusion M2 AMEX More WORTH IT!... 5X point + 5% ! and somemore LOWER exchange rate !
dopp
post Mar 8 2012, 12:12 PM

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From: Penang



Maybank Visa Infinite has higher exchange rate compare to normal m2u visa?

Hmm like that i use normal Visa will do.


So Maybank mastercard is the best rate to use oversea?

QUOTE(jchong @ Mar 6 2012, 10:48 AM)
Thanks for posting. I read it already on your blog.
Good to know that Visa is consistent across the different types of Visa card. For a moment I was concerned if VI had a worse exchange rate (in order to compensate for the 5x TP).


Added on March 6, 2012, 10:51 am

One comment, I notice that the forex rates quoted by Visa are generally a bit higher than MC. So the real diff between Visa and Master is a little bit higher than 0.25%.
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dopp
post Sep 21 2013, 01:27 PM

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From: Penang



I heard nowaday people withdraw money from oversea ATM instead of change it over here in msia.
Rate is better even after withdrawal fees

Real or Myth?
dopp
post Sep 21 2013, 10:35 PM

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From: Penang



I got the info from Travel forum

QUOTE(ronnie @ Sep 21 2013, 05:43 PM)
Of course a myth.... 2 banks will provide "service" how can it be cheaper than standalone money exchanger ?
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