Just got my statement.

Using Cimb Cash Rebate Platinum Credit Card
Transaction date: 29/1/2017
Amount: £225
Paid amount: RM1277
When I calculate in Mastercard exchange rate I put in all the numbers, it was roughly around RM1264. But somehow I was charged RM1277.
Is there any hidden charges implied to the card?
Kindly advise me thank you.

This time around I use maybank visa debit to make online purchase in Sterling Pound. So what I recognise is Maybank Visa Debit charges is a lot lower.
Here's the drill.

Maybank Visa Debit - charge 1.25% of transaction date Exchange rate at 0% commission.
CIMB Mastercard debit - charge 2% of transaction date Exchange rate at 0% commission.

Next time I'll use maybank for sure. But unfortunately, yesterday my maybank got not enough money.

Transaction Type: CIMB CR MC
Transaction Date: 3/9/2017
Posting Date: 5/9/2017
Transaction amount: USD8.69
Amount charged: RM37.86

Based on calculation,
Bank charges 2% if use transaction date.
Bank charges 2.1% if use posting date.

Kindly confirm which one is correct. Thanks.

Transaction Type: Maybank2 Visa Gold
Transaction Date: 16/10/2017
Posting Date: 18/10/2017
Transaction amount: USD 53.75
Amount charged: RM 232.31
Visa US Rate @ posting date: 4.226577
Bank Fee : 2.26%
Calculation based on posting date, confirm the fees was ~2.26 as per page 1.

This time around I used Maybank Visa Debit to purchase from UK online site.

Transaction Type	MBB Visa Debit
Transaction Date	25/11/2017
Posting Date	26/11/2017
Transaction amount	GBP 29.53
Amount charged	RM 164.78
visa rate @ 0%	GBP 1 = RM 5.511135 at 25/11/2017 so total should be RM 162.743817
bank rate	GBP 1 = RM 5.58008805
Difference	1.25%

I was torn whether to use CIMB CR Mastercard or MBB Visa Debit for the purchase.

MBB Visa Debit charge 1.25% consistently based on my few overseas spending before this.

CIMB will give 2% cash rebate for foreign currency online spend but the charge would be 2% on top of Mastercard exchange rate on transaction date.

And one more thing usually Mastercard exchange rate will be lower than Visa for the same date;

i.e for 25/11/2017 Mastercard £1=5.504709 whilst visa £1= 5.511135.

I ended up using MBB Visa Debit in the end.

So still a bit blurry which card is better on this.

This post has been edited by eeeglow24: Nov 26 2017, 01:59 PM

Can you post on the details please.

Thank you.

This is quite nice

Thanks so much! Good to know this. 👍👍

Transaction Type	CIMB CR MASTERCARD
Transaction Date	07/12/2017
Posting Date	09/12/2017
Transaction amount	USD 30.08
Amount charged	RM 125.39
MC rate @ 0%	USD 1 = RM 4.08665
bank rate	USD 1 = RM 4.16855053
Difference	2.00%

Second

Transaction Type	CIMB CR MASTERCARD
Transaction Date	12/12/2017
Posting Date	14/12/2017
Transaction amount	USD 29.92
Amount charged	RM 124.48
MC rate @ 0%	USD 1 = RM 4.07896
bank rate	USD 1 = RM 4.16042781
Difference	2.00%

It should be 0% based on their campaign. So far I have not seen that they withdraw the campaign.

I think not many of us here ever tried to use either Bank Rakyat Debit/Credit Card. Perhaps you can try and then let us know about it.
👍👍

Transaction Type	MBB M2C AMEX
Transaction Date	17/02/2018
Posting Date	19/02/2018
Transaction amount	GBP 24
Amount charged	RM 135.58
AMEX rate @ 0%	GBP 1 = RM 5.51138213
bank rate	GBP 1 = RM 5.64916667
Difference	2.5%

This one I just tried M2C AMEX since someone just posted that AMEX rate these few days might be lower than Visa/Mastercard. The AMEX rate at 0% above is just assuming that 2.5% AMEX charge applies for my transaction.

Now compare if I use MBB Visa Debit/Visa Credit.

Visa Exchange rate @ 0 % at 19/02/2018 (posting date) GBP 1 = 5.537834

If I pay via MBB Visa Debit, I would pay RM 134.57 (1.25%), 1 GBP = RM 5.60708

If I pay via MBB Visa Credit, I would pay RM 135.90 (2.25%), 1 GBP = RM 5.6625

Definitely I would pay less if I pay using MBB Visa Debit, but since this transaction is on weekends, might as well use M2C Amex. And looks like AMEX have low FX rate based on this case.

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 😂😂😂

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...

Alright noted. Never experienced that before. But I've had a few refund to my MBB Visa Debit due to no show from airline and usually the rate is quite favourable since sometimes rate at the time of refund issuance is higher than the time you make the purchase.

However, I am not sure about such cards that have zero charges on receiving fund though. My experience on refund is the difference is quite minimal which is around 1 to 1.5% due to exchange rate fluctuations. In other words you'll not get the full amount you expect😊😊