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 Credit Card Foreign Exchange Rate

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mavistan89
post Jan 24 2023, 06:22 AM

On my way
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Junior Member
500 posts

Joined: Aug 2014
QUOTE(jerantut2011 @ Jan 23 2023, 06:23 AM)
Comparing several cards. It is surprising that the Maybank Visa Infinite's fee is even higher than the Maybank AMEX. I could not find the official exchange rate for AMEX but one would normally expect it to be less competitive than Visa International.

The Touch N Go Visa has 0% fee as of now.

The CIMB World Travel Elite is advertised as having 0% foreign exchange fee but there is still a de facto 0.94% charge.

*Note that Visa/Mastercard Exchange Rate on the Posting Date was used. Meanwhile, the Exchange Rate on 21th and 22th January was the same due to weekend.
*
Yes I just found out my premier 2 cards rate. Amex surprisingly lower.
Visa charge at Yen 34.65, amex 34.14 , 22th January transaction

 

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