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Credit Cards What is Cross Border transaction fees ?, Charge by Visa / MasterCard

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KeSToN
post Dec 22 2015, 12:20 PM

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409 posts

Joined: Jul 2005
QUOTE(umeshmalani @ Dec 21 2015, 06:46 PM)
hi friends,

I've recently spent my cimb card overseas. They had informed me that the conversion rates comes visa international. Upon checking at visa website, there is a place where we can input our bank fees where i keyed in 1%. Upon checking my bill, i realised that i was overcharged with 1% extra by cimb.

This means visa gives a horrible exchange rate and top of that charges 1% exchange rate. Then Cimb charges 1% extra. Total is 2% instead of 1%.

Has any bro's been through this situation. I lodged official complain with BNM and guess what. i opened all my bill dated 7 years and got my extra 1% back. Please be aware!!!!!!!
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Another thread u posted as 6 years but over here u mention 7 years? Lol
KeSToN
post Nov 14 2017, 12:40 PM

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Junior Member
409 posts

Joined: Jul 2005
QUOTE(shirley_andy @ Nov 14 2017, 01:29 PM)
Purchased stuff from Lazada and paid via Paypal with CIMB card, got charged 1% on each purchase.

Can this be waived??

I feel cheated.
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previously online payment using CIMB
they charge 1% but u get 5% cash back for certain online transaction so it wasnt an issue
now i think it is only 2% cash back for online transaction i think


 

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