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 Credit Card Foreign Exchange Rate

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viknes36
post Apr 6 2015, 03:21 PM

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QUOTE(hiappy @ Mar 30 2015, 02:35 AM)
Anyone have any idea does the bank surcharge for swiping card foreign transaction will be charged additional 6% GST starting 1st April?

For example swiped foreign currency with value of RM1000 + lets assume 1% bank surcharge. Before GST is RM1010 but after GST do we need to pay RM1010.60 because the additional RM0.60 due to 6% GST on the bank surcharge.
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any idea on this?
viknes36
post Apr 8 2015, 12:58 PM

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QUOTE(jchong @ Apr 7 2015, 01:01 PM)
[attachmentid=4401868]

So I did get a written reply from Maybank. See picture attached above.

The dates in pencil is the posting date for the transactions.

Checking on Visa's website I cannot get the exchange rate used by Maybank (whether using posting date or transaction date).  hmm.gif
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Bro, basically total charges about 2.4% by maybank (1% maybank n balance by visa intetrnational)

 

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