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 Credit Card Foreign Exchange Rate

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munkeyflo
post Dec 9 2013, 04:59 PM

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From: On the beach


Transaction date: 29/11/13
Posting date: 3/12/13
Amount charged in foreign currency: US$54.24
Amount billed in MYR: RM179.41
Final exchange rate: 3.308
Maybank2card Amex

Edit: Typo tongue.gif

This post has been edited by munkeyflo: Dec 9 2013, 05:17 PM
munkeyflo
post Dec 9 2013, 05:18 PM

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QUOTE(shortleg88 @ Dec 9 2013, 05:09 PM)
Was thinking wow such good rate, ended up calculating is supposed to be 3.308.

Btw, what card is it?
*
Ehhh typo. Sorry sorry. Corrected already. sweat.gif

Quite high rate actually. sad.gif
munkeyflo
post Feb 25 2014, 10:36 PM

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From: On the beach


Transaction Date: 17/02/14
Amount Charged: £31.20
Amount Billed in MYR: RM176.55
Rate: £1 = RM5.659
munkeyflo
post Jun 15 2023, 11:59 AM

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QUOTE(Mr Gray @ Apr 11 2023, 11:26 AM)
Credit Card- OCBC 365 Mastercard
Debit Card- Standard Chartered Jumpstart Mastercard/RHB Multi Currency Visa
Prepaid Card- Wise Visa

Among all these, my absolute favourite is SCB Jumpstart as it has absolutely zero markup from Mastercard rate and free withdrawal for foreign cash outside of Malaysia. I find this to give the best rate.

RHB Multi Currency is good too, better rate than even Wise. It is just that you need to convert MYR to foreign currency beforehand to make it worthwhile. Transactions in 16 foreign currencies have zero fees, but if you have insufficient balance in foreign currencies, it will deduct Ringgit balance and attract 1% fee.

SCB Jumpstart no need to convert anything, zero fee, it will deduct the ringgit balance at the exact mastercard exchange rate at that time.
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May I know which countries you've withdraw cash out from your Jumpstart card before?

There was some fees at the ATM when withdrawing in Thailand. According to SCB, the SCB side of fees are waived but not the local banks fees. Has this been your experience as well?

 

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