QUOTE(MilesAndMore @ Jan 7 2012, 10:03 AM)
Do you still have the
AMEX Gold credit card statement ? The one that was the hottest AMEX before the introduction of this MBB2 product. If i'm not mistaken, the information was given by someone using the pure
AMEX Gold credit card. I did refer back to my mom's canceled AMEX charge card statement from year 2009 and the was no mention of this 0.5% admin charge either, just the 2.5% from AMEX.
Anyway, one thing for sure is that for all AMEX credit card bearing the Maybankard logo, the total admin fee is 3% (0.5% + 2.5%).
All the banks seem to charge more than what's stated in the back of the statement (foreign currency admin fee).
As usual, you are right
idoblu was replying to your statement on
AMEX Charge Card, and behind the AMEX Gold Charge Card statement only mentioned 2.5%.
I just checked my last
AMEX Gold Credit Card statement (dated August 2011), it states
"Foreign Charges coverted by AMEX apply a coversion factor of 2.5% to the converted amount plus 0.5% administration cost imposed by Maybank"
And you know what - Above statement IS ALSO stated in my Maybankard Statements. You guys all go read behind your MBB2 Cards statement and you'll see the same.
BUT, here is the shocking thing, behind my separate MBB VI, it states the following:
"Foreign charges applies a conversion factor of 2.5% to the converted amount and charges that is made in a foreign currency other than US Dollars will be first converted into US Dollars before being converted into Ringgit Malaysia" WTF
QUOTE(MilesAndMore @ Jan 7 2012, 10:03 AM)
Anyway, can you please do all of us a favor by splitting your next overseas payment into two Maybank credit cards ? I mean to pay for the same purchase with your MBB2 VISA/MC
(preferably with another MBB VISA credit card) and MBB VI ? So that we can compare the rates and to find out if Maybank is inflating the rate for MBB VI. Just to check if they are sincere in giving out the 5xTP for MBB VI for all payments made in foreign currency.
Will execute your command, but is will be sometime again before I go overseas again. I will try to swipe with the followings cards on the same day:
MBB 2 AMEX
MBB 2 Visa
MBB Plat MC and
MBB VI
This post has been edited by Gen-X: Jan 7 2012, 01:27 PM