Using credit card while traveling overseas will reduce hassle, but the usage transfer rate ?

CIMB/MBB is 1 % additional charge
Then transfer rate? about 1 % more above standard rate?


Visa convertion rate:
1000 EUR = RM4837

Google Rate
1,000 Eur = RM4,708

Maybank rate
1,000 = RM4,787

So if using card for 1k Euro you end up paying:

=RM4837
+ 1% = 48.37
= 4885

If change locally, the different will be:

RM4885 - RM4708. = RM173 difference

Betul?

depend on that day rate and bank rate

Please now ppl use Wise

sudah boleh keluar negara

ini kicimiou pun mau kira ker

Bring cash risk kena pick pocket. But it’s all up to u

Stick to what's really convenient, you're just ruining yourself being too particular

Credit card leads to be authorized usage from oversea....

Charge foreign currency to CC usually have better rate.

use wise/bigpay for exchange best rate.
if the limit not enough, use any existing credit card with best overseas cashback rate.

Change locally but when you go overseas and ex-rate went down, then you can rugi also

Use Wise and the credit card, best way to get the best rates.
I've used them all, AMEX, Maybank, Public Bank, Bigpay, nothing compares to Wise. I even use it for online purchases to get the best rates.

Ya, kena once , but still hasle to do reports for card replacement. Phone bill end up almost RM500, cabai.

I have certain thing to purchase and already identified the price. CC for emergency and some small purchase.

My card no need1

Never used any bank directly.

Bank charge 30% into exchange rates to export out then then import bank charge another 30% to convert into thier currency.


Best example, send direct from maybank online to my vietnam bank account. No WU.

Send USD100
Maybank deduct USD130
VietnamBank recieve USD70

Good luck on your international banking forray.
Learn from an old fool experience.

Ayam noob about wise.

Wise good ka?

Very good if you travel and use alot of different currency.
Its an app that you can load MYR into, and then change to different currencies. For example I put in MYR 1000, then when the market rates are good (their service fee is very very reasonable) I change to 100 USD and 100 EUR.

How to use that 100 USD and 100 EUR?

1) Apply for physical debit card, this card you can use overseas. If you go Europe and use it, it'll deduct from your EUR balance. If you use in US, then it'll deduct from US balance
2) Apply for virtual credit card, you can use this card for online purchases, depends on currency charged it will deduct from the respective balance you have
3) Transfer to overseas accounts. You can also receive payments in foreign currencies (you will get multiple bank account numbers that you can give to others to receive money into).

Its really flexible, and is basically the best card I'm using now for overseas or online foreign currency payments.

Edit: Wise is licensed and regulated in Malaysia. PM me if you want a referral code

This post has been edited by daijoubu: Dec 29 2022, 01:01 PM

nice. thanks for introduction
actually my sister asking me to signup, but haven't research on it

what about bigpay?

got those multicurrency account?

No Bigpay don't have that. What I use to like about BP is their low exchange rates fees, but the major difference is you only convert to the foreign currency at point of use.
Wise allows you to change at any time, so for example when EUR dropped to 4.5, i converted MYR to EUR and kept it because I knew I will be using it in future.

Its like changing physical cash to keep, but within the Wise account. Bigpay wont allow you to do that cause you can only hold MYR inside bigpay

This post has been edited by daijoubu: Dec 29 2022, 01:11 PM

is it better to have WISE for oversea trip while bigpay use locally / international purchase?

Can travel to euro but KPKB about RM170+?