Hi,

I'm traveling to Europe for few months soon, comparing Citibank and HSBC card, Citibank offer 1% and HSBC offer 1.25%, but Citibank mentioned they will covert the spending currency > USD > MYR, and HSBC dint. So if its EUR > USD > MYR converted, i will gonna pay more because its double conversion? Or using USD as medium was actually a standard for every bank?

citibank source: https://www.citibank.com.my/english/common/...rges-credit.htm
hsbc souce: https://www.hsbc.com.my/1/2/personal-bankin...rd-fees-charges

p/s Any1 knew any good card to be apply to be use oversea? I'm looking at this 2, which give 1% & 1.2% rebate, meaning if i use this two card oversea, the conversion charge is as good as nothing?
https://ringgitplus.com/en/credit-card/HSBC...sterCard-i.html
https://ringgitplus.com/en/credit-card/Citi...tinum-Card.html

This post has been edited by ragk: Jun 9 2016, 01:21 PM

Now I have a normal HSBC and HSBC Amanah platinum which doesn't give any benefit in oversea transaction as i understand

Any1 can answer my converting question?

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This post has been edited by ragk: Jun 17 2016, 11:06 AM

Hmmm i think i misunderstood about the posting date lol. So the real amount deducted is depend on the posting date amount not the amount i get in the SMS?
And yes im using it's PB Visa Lifestyle Debit Card.

btw, get this statement from pbbank Transactions made in foreign currency will be converted to Ringgit Malaysia using US Dollar (USD) as the base currency, so when i doing calculation, its EUR > MYR directly, or shud EUR > USD > MYR?

This post has been edited by ragk: Jun 17 2016, 10:41 AM

typo haha, because i copy the template over forgot to change the month for Visa Rate
ok so mean i misunderstood, my exact transaction amount is yet to calculate... Thx for explain boss

This post has been edited by ragk: Jun 17 2016, 11:08 AM

Transaction Type: PB Visa Lifestyle Debit Card
Transaction Date: 17-06-2016
Posting Date: 18-06-2016
Transaction Amount: EUR 59.17
Amount Charged: MYR 277.86
Visa Rate @ 17/06: 4.638031
Difference: 1.2%

Transaction Type: HSBC Visa Platinum
Transaction Date: 18-06-2016
Posting Date: 21-06-2016
Transaction Amount: EUR 111.86
Amount Charged: MYR 534.23
Visa Rate @ 18/06: 4.650868
Difference: 2.27%

Gosh....

This post has been edited by ragk: Jul 1 2016, 01:34 AM

Just called Citibank, even though their website mentioned 1%, but their charged are actually 2.5%, 1% (bank charge) + 1.5% (visa charge), perhaps the 1st page shud update

If u spend in foreign currency, the exchange rate is based on the post date conversion rate decided by Visa, so the diff is on the charges by bank, so far from all the members sharing, AEON rate are the best which is around 1%

based on most bank explanation "rate on which the transaction is received and processed", the term is pretty confuse some people here use post date some using transaction date, for the exact maybe u need to call bank for clarification