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 Credit Card Foreign Exchange Rate

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laymank
post Jan 15 2016, 09:41 AM

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Transaction TypePublic Bank
Transaction Date03/01/2016
Posting Date05/01/2016
Transaction amountJPY28,000
Amount chargedRM1,039.62
rate0.03712929
visa rate0.036593
Difference1.465%



laymank
post Jan 15 2016, 02:11 PM

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QUOTE(Human Nature @ Jan 15 2016, 10:55 AM)
not really. if you refer to the post above yours, the rate is 37.12 which is better than the rate obtained from my local changer. so it depends on your changer rate as well.
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And depends on which day it was spent on, too.
laymank
post Mar 22 2016, 11:19 AM

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QUOTE(HenryJay @ Mar 22 2016, 11:04 AM)
for some credit cards, if the chargers only 1%, seems like we no longer need to prepare some much cash when travel to foreign country, right?

cash only needed for merchant that doesnt accept credit card payment right?
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Please bear in mind that bank's forex is also higher than general money changer.
That 1% is in addition to what differences of forex.

However, there are times the forex could be lower/higher than cash notes as it fluctuates from time to time.

This post has been edited by laymank: Mar 22 2016, 11:22 AM
laymank
post Apr 5 2018, 09:49 AM

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It is said that the latest BigPay card offers the best Exchange rate.
laymank
post May 7 2018, 08:38 AM

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QUOTE(ProxMatoR @ May 2 2018, 04:51 PM)
is it? anyone tried before?  hmm.gif
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I have.

 

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