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 Credit Card Foreign Exchange Rate

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mikanico
post Oct 19 2012, 11:35 PM

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Joined: Jul 2009
Payment in GBP via Paypal

Maybank Petronas Visa Gold

Transaction date: 15 Oct 2012
Posting Date: 16 Oct 2012
Amount charged in foreign currency: GBP 25.90
Amount billed in MYR: RM129.38
Final exchange rate: 4.995367
VISA Exchange Rate on 16 Oct 2012 is 1 GBP = 4.933576 MYR
Bank charges: 1.25%


Transaction date: 15 Oct 2012
Posting Date: 17 Oct 2012
Amount charged in foreign currency: GBP 19.90
Amount billed in MYR: RM99.18
Final exchange rate: 4.983920
VISA Exchange Rate on 17 Oct 2012 is 1 GBP = 4.922788 MYR
Bank charges: 1.24%


Transaction date: 15 Oct 2012
Posting Date: 17 Oct 2012
Amount charged in foreign currency: GBP 26.00
Amount billed in MYR: RM129.59
Final exchange rate: 4.984231
VISA Exchange Rate on 17 Oct 2012 is 1 GBP = 4.922788 MYR
Bank charges: 1.25%

mikanico
post Mar 11 2013, 09:55 AM

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QUOTE(namh @ Mar 3 2013, 02:20 PM)
Maybankard Petronas Visa

Transaction Date : 26-Feb-2013
Posting Date : 27-Feb-2013
Amount charged in foreign currency : £ 19.95
Amount billed in MYR : RM 95.37
Final exchange rate : £ 1 = RM 4.78
Maybankard World MasterCard

Transaction Date : 26-Feb-2013
Posting Date : 27-Feb-2013
Amount charged in foreign currency : £ 17
Amount billed in MYR : RM 80.41
Final exchange rate : £ 1 = RM 4.73
It looks like mastercard giving better exchange rate than visa
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I agree, I have similar experience with cheaper rate with Master Card.
mikanico
post Aug 13 2013, 10:33 AM

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QUOTE(samantha_yeanmee @ Aug 12 2013, 10:26 AM)
I noticed that the Maybank has increased their service fee to 2% recently sad.gif Likewise, the treat points redemption has also been depreciated, from 10000 points for RM50, increased to  12500 points for RM50
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August 2013 onward, My oversea transactions shows Maybank credit card has increase the administration fee from 1% to 2%
Furthermore they revised the redemption point upward, now 100 points is only worth 40sen instead of 50sen (20% value depreciation)

Without even notify the customer before the change. rclxub.gif
mikanico
post Aug 13 2013, 10:38 AM

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QUOTE(MilesAndMore @ Aug 12 2013, 06:59 PM)
True. Maybank credit card isn't so competitive anymore for transactions made in foreign currency. Charged quite a few things to my Maybank VISA in USD and KRW and the final rate in MYR is more or less the same as HSBC and Citibank  sad.gif
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Any recommendation which card to switch for better rate and point benefit?
mikanico
post Aug 14 2013, 12:24 PM

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QUOTE(ronnie @ Aug 13 2013, 10:55 AM)
5% Rebate until 31 December 2013 for overseas transactions for RHB Visa Signature card... Click Here
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Hi Ronnie,

thanks for your recommendation.
Any example of real transaction to show us as reference?

Where can i find the 5% rebate info regarding this card?
5% rebate will end after December 31, 2103? what's the rebate after that?
Any limit to the 5% return? of all transaction without limit?

Thanks,
Len
mikanico
post Aug 14 2013, 12:39 PM

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QUOTE(Human Nature @ Aug 14 2013, 12:30 PM)
1. You can find the 5% info from the RHB website
2. After 31 Dec 2013, will be 1%.
3. Stated unlimited overseas and online transactions only.
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Thanks Human Nature.
The info has been helpful.
Found all info needed in RHB website

 

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