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 Credit Card Foreign Exchange Rate

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kuli2sahaja
post Oct 17 2016, 12:09 PM

On my way
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Junior Member
566 posts

Joined: Mar 2015
Hi,

Quick question anyone here knows the charges of using Maybank Visa CC when overseas?
Is a 5% discount worth it to use it overseas or will the currency conversion and miscellaneous charges will offset and making it more expensive.

Lets say purchase of;

10,000 Yen & 5% Discount (Visa)
=9,500 Yen (RM380, 100 Yen=RM4)

Thanks.
kuli2sahaja
post Feb 22 2017, 11:09 PM

On my way
****
Junior Member
566 posts

Joined: Mar 2015
Hi,

How much will be the exchange rate & extra charges for using a credit card (CIMB VISA) overseas (Japan)?

Lets say 35,000YEN = RM1,400 (Rate; 100YEN=RM4)
Is it according to RM/YEN exchange or is it YEN/USD then RM/USD plus service charge 1%.

Would like to make a purchase and i can get an additional 5% discount using VISA but not sure if its worth using CC or the discount will be negligible by the exchange rate & service charge.

Thanks

 

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