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 Credit Card Foreign Exchange Rate

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peri peri
post Apr 14 2015, 03:39 PM

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QUOTE(Human Nature @ Feb 28 2015, 01:50 PM)
Public Bank Visa Signature

Transaction Date: 26 Feb 2015
Posting Date : 27 Feb 2015
Transaction Amount : EUR340
Amount Charged : RM1414.99
Exchange Rate : 4.1617
Forex Rate : 4.0977 on 26 Feb 2015

Fee: 1.561%
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wow, the fees seems high
peri peri
post Apr 14 2015, 03:40 PM

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QUOTE(jchong @ Mar 3 2015, 09:37 PM)
Oh, I see. I haven't read this thread in a while.

Like that Maybank Visa no longer that attractive for overseas transactions.

Update: I just called Maybank hotline to inquire about what is the admin fee % they charge for foreign transactions. The customer service guy told me 1%. So I told him from my calculation is was 2.26%. So he is going to double check with the relevant dept tomorrow (they are closed now) and call me back. I will update you guys once I hear back from him.

This reminds me of what Miles posted about 18 months ago:
If Maybank still claims it is 1% (when the truth is otherwise) we should all write in to officially complain plus also cc copy to Bank Negara.
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today maybank CS still telling me the same thing, 1% fee for my MBB VS
peri peri
post Apr 17 2015, 03:10 PM

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latest update

CIMB PLATINUM CASH BACK MASTERCARD = 0.81% Oversea Transaction Fee
peri peri
post Apr 17 2015, 03:11 PM

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Update continue

PUBLIC BANK VISA SIGNATURE = 1.25% Oversea Transaction Fee

 

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