QUOTE(eeeglow24 @ Jun 21 2017, 10:18 AM)
Don't know if this is the right thread to post.
These are my transaction on Visa Platinum Debit few days ago.
-Transaction date: 18/6/17
- amount charged in foreign currency: £237.47
- amount billed in MYR: RM1319.34
- Final exchange rate: 5.5558
Based on this I calculated that the fee for Maybank Debit Card Visa is 1.2525%. Is that correct?
Nope. it's 1% based on Visa ratesThese are my transaction on Visa Platinum Debit few days ago.
-Transaction date: 18/6/17
- amount charged in foreign currency: £237.47
- amount billed in MYR: RM1319.34
- Final exchange rate: 5.5558
Based on this I calculated that the fee for Maybank Debit Card Visa is 1.2525%. Is that correct?
But Visa rates are slightly higher than actual rates, around 0.25% , so the figures are spot on
(1.0025*1.01=1.012525, 1.2525% mark up)
Tip : spend with MasterCard to save, especially with a high value transaction because MasterCard rates are marginally better
This post has been edited by jfleong: Jun 21 2017, 10:46 AM
Jun 21 2017, 10:45 AM

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