I have a question on foreign transaction, i bought an item from UK at 100 pounds on monday, i sign on the transaction using my credit card with the choice of transacting in foreign currency rather than setting direct conversion to MYR on the day itself.

Subsequent to that i return the item(Within the stipulated period), hence a full refund of 100 pound will be refunded to my credit card.

As what i check my statement on monday i have lock on with a expense of RM565, however 3 days upon my return of my item, i got a refund amount of RM550.

Would like to clarified shouldnt the refund amount be net off at RM565? As its the same transacted item/merchant/amount in foreign currency?

Your experience and advice is much appreciated. Thank you.

This post has been edited by haru20: Aug 24 2017, 11:00 AM

Yup aware its due to foreign translation different between both days, but shouldn't it be nett off the same, rather than there will be lost or gain at my side if the FOREX rate weaken or strengthen?

If so, i can arbitrage on foreign translation if i refund it at the right time, given our fluctuation of FOREX rate?

This post has been edited by haru20: Aug 24 2017, 11:11 AM

If i have a refund from one of my purchases through credit card, am i able to take the refund as payment for the month and also transfer the credit to my other cards payment for the month? Thanks

Thanks for the info.

What happens my refund is more than 300 in total statement cumulative, but i do have spending during the month for next month statement.

In that case am i able to transfer out the credit without offsetting current month purchases?

Can i ask, if i got an oversea refund, the amount will be denominated on the spot rate of the refund day? If so, if i found out the rate is significant lower than the rate given back, can i dispute?