Dec 29 2022, 12:36 PM
QUOTE(SiakapRM1000 @ Dec 29 2022, 12:28 PM)
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?
use wise/bigpay for exchange best 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?
if the limit not enough, use any existing credit card with best overseas cashback rate.
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