someone please update UOB foreign exchange fee.
Definite not 1%.
It is around 2.2%.

SCB Jumpstart usually offers better rates, thanks to Mastercard beating Wise most of the time.

Yeah. I have both. SCB Jumpstart always give the best rate. Wise worse exchange rate.

thanks for your info.

may i know if i withdraw cash from atm, do sc jumpstart debit  give the best rate also for cash withdrawal? thanks again

I receive the full amount of cashback from my online purchases every month.

Please be aware that the forex rate offered by Amex is the worst compared to all other card networks.

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

If you check out the replies here, you'll see that SCB JumpStart and RHB MCA have the best forex rates going, and now GXBank has just stepped up to offer rates as good as SCB JumpStart's.

These three currently offer the most competitive forex rates in the market.

Gxbank is promo until 31st Dec. After that got charged 1.2%

Hello. I’m travelling to Europe this June. Want to ask the best conversion from MYR to Euro is GXBank or Jumpstart or RHB MCA or Wise or CC(with 2-5% CB)?

Credit card conversion all bad right. Now for most CC the miles collection also becoming not worth it.

Hi, may I know how does this combo work for the forex? As I see both seems to be saving account with debit card feature   

thanks, meaning either 1 of this (gxbank/jumpstart) is better that Wise in term of the exchange rate ya? as i see in Wise, there's a charge if want to deposit into the foreign account balance.

also just to check, we just need to keep RM in this account (gxbank/jumpstart) and then use the debit card for overseas spending right?


thanks

Ya 0% mark up. TNG is using visa rate while GXbank is using mastercard rate.

Newbie here.
I'll be travelling to SG for few days and was thinking which way of spending will save me more :

1) Buy all my SGD and just travel like an old fashion.
2) Buy lesser amount of SGD, then spend part of my expenses via credit card (I have UOB visa & Maybank 2 Amex & Visa)

This will be the first time I'm intend to use my credit card overseas, provided if it will save me more than using cash.

Appreciate if I can have some useful info here.

How about using M2Amex by weekend? Will it be cheaper with the 5% rebate?  If swipe at SG the transaction time should be same as My right?

Is it worthy to use an AEON credit card in Japan? If I'd run out of cash and want to buy unexpected shopping like cosmetics or a handbag, which card should I pick? i have card below:

1) HSBC Travel One
2) UOB infinite
3) Ambank Infinite
4) Aeon Platinum
5) Public Visa Signature

Thanks to all Sifu. Most of the time I will use cash, but don't want changes too much JPY as it seems like keep dropping.

Hi All Sifus,

I have recently swiped a few transactions with UOB Prvi Elite card, and i have noticed that the conversion rate is a bit high, becuz the website only state like 1% admin fee, but i calculated it was like 2.2%. So i have called the UOB customer service and ask them how they charged it. They told me that on top of the 1% admin fee, the bank has charged a 1.22% fee (can't hear what she said it was called). However, i did ask her like how this rate is determined and whether it is stated on their website. She told me it's all depend on the bank and there is no way to check in advance, and no history for reference as well. She did show me where it was stated in their T&Cs.



" In addition, an administration cost of 1% or such other rate as determined by us for the conversion of the transactions made in a currency other than Ringgit Malaysia will be chargeable to you."

She said the 1.22% is that "such other rat as determined by us" 

So they didn't really state like how much fee in the T&Cs, and they can charge whatever rate? I can't know what im being charged before i use the card? What if they charge like 5 or 10%

OK if they have been consistent in this rate, then it's fine. I'm just worried that they will suddenly charge a higher rate. The main problem is we only get to know the rate after we spent with the card.  IMO, it's not transparent enough and the consumer cannot make better decision because of it.

Btw, thanks for confirming the 2.2% rate, now i'm less concerned since this has been consistently charged for everyone.
I have no problem with the rate 2.22%, but my concern is they didn't state clearly in the T&Cs the rate they use for this "other rate", and there's no cap to it.