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 Credit Card Foreign Exchange Rate

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everett27
post Apr 14 2016, 07:40 AM

New Member
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Junior Member
8 posts

Joined: Oct 2011
Transaction Type: Standard Chartered WorldMiles Card
Transaction Date: 11/04/2016
Posting Date: 12/04/2016
Transaction Amount: AUD3,638.88
Amount Charged: MYR10,982.46
Rate: 0.331335
MasterCard Rate: 0.338624
Difference (0.338624 - 0.331335) / 0.338624 = 2.15%

This post has been edited by everett27: Apr 14 2016, 07:42 AM
everett27
post Apr 27 2016, 10:14 AM

New Member
*
Junior Member
8 posts

Joined: Oct 2011
QUOTE(jkngo2003 @ Apr 18 2016, 11:30 AM)
u use it online or at australlia?
*
I used it for online payment
everett27
post Jun 15 2016, 02:20 PM

New Member
*
Junior Member
8 posts

Joined: Oct 2011
Transaction Type: Standard Chartered WorldMiles Card
Transaction Date: 10/06/2016
Posting Date: 14/06/2016
Transaction Amount: AUD 151.03
Amount Charged: MYR 509.17
Rate: 0.296619
MasterCard Rate: 0.332259
Difference (0.332259 - 0.296619) / 0.332259 = 11.82%

Called the Standard Chartered for a few time, and they said the selling rate of the bank is 3.3X, which is 10% higher than market rate. ranting.gif
And they can't do anything about it vmad.gif

Guess think is my last foreign transaction done by standard chartered credit card
And for those who use their credit card, please beware!!

 

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