QUOTE(wjchay @ Mar 30 2017, 07:29 PM)
Of course banks charge higher. We don't always get to use cash overseas.
The message is to share how much diff is forex to expect when using pb vs. To me, it's not exorbitant high.
I wish I knew the rates for other bank cards vs pbvs. I could be using them instead.
Just to share my experiences: when I rented a car in Sydney last month, the rental company charged me a deposit on 7 Feb and refunded the same amount the next day after I returned the car. The transactions details are as follows:
Posting Transaction
07 FEB : 07 FEB THRIFTY AUSTRALIA AU : 1,329.16
385.00 AUSTRALIAN DOLLARS
09 FEB : 08 FEB THRIFTY AUSTRALIA AU : 1,283.31CR
385.00 AUSTRALIAN DOLLARS
You can see that I lost RM45.85 just over 1 day for same amount of debit and credit!!
I think PB charges a commission whether it is debit or credit of foreign currency. So you should avoid using credit card in overseas if you can.
PS: Strangely another car rental company also "charged" me a deposit but it was never reflected in the statement. It could be considered as other type of transaction so not reflected.
This post has been edited by harmonics3: Mar 30 2017, 09:47 PM