Author Topic: Best card for spending abroad  (Read 1192 times)

Offline eliraps

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Best card for spending abroad
« on: March 03, 2017, 11:04:59 AM »
This question has been discussed here and there, but I don't think it has a dedicated thread, which I beleive it deserves.
From all these CCs that carry no foreign exchange fee, which actually have the best rate?
In the past I have been ripped off by Amex and got a courtesy credit via chat, but what is really the best card / bank  to use in other countries in terms of exchange rate?

Offline SearchGuy

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Re: Best card for spending abroad
« Reply #1 on: March 03, 2017, 11:06:29 AM »
I like SPG (Amex), I always got good rates

Offline eliraps

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Re: Best card for spending abroad
« Reply #2 on: March 03, 2017, 11:09:59 AM »
I like SPG (Amex), I always got good rates
In which country?
Is it possible that the value of their rates (compared to the actuall rate) varies from country to country and / or from card to card?

Offline SearchGuy

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Re: Best card for spending abroad
« Reply #3 on: March 03, 2017, 11:10:40 AM »
Was a few countries I got very accurate exchange rate

Offline eliraps

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Re: Best card for spending abroad
« Reply #4 on: March 03, 2017, 11:13:41 AM »
I just spent 521 on Amex Plat - rate should have been $647 (on date of purchase). They carged me $671 = an extra 3.7%.
Pretty bad for a no FX fee card

Offline SearchGuy

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Re: Best card for spending abroad
« Reply #5 on: March 03, 2017, 11:18:19 AM »
I just spent 521 on Amex Plat - rate should have been $647 (on date of purchase). They carged me $671 = an extra 3.7%.
Pretty bad for a no FX fee card
It's never gonna be for the date of purchase, it always goes by the time the merchant gets funded

Offline eliraps

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Re: Best card for spending abroad
« Reply #6 on: March 03, 2017, 11:25:35 AM »
It's never gonna be for the date of purchase, it always goes by the time the merchant gets funded
Since the time of purchase it has only gone down. Today it is $636. So if anything they ripped me off 5.5%

Offline SearchGuy

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Re: Best card for spending abroad
« Reply #7 on: March 03, 2017, 11:26:51 AM »
That's possible, but could be that on the second the charge posted to their system it was up

Offline SearchGuy

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Re: Best card for spending abroad
« Reply #8 on: March 03, 2017, 11:27:13 AM »
It's impossible to know this in advance

Offline eliraps

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Re: Best card for spending abroad
« Reply #9 on: March 03, 2017, 11:32:57 AM »
That's possible, but could be that on the second the charge posted to their system it was up

Pleeeze.

They carged me a rate of 1.29. The last time the was 1.29 was in the begining of October = 4.5 months before purchae.

Offline chinagel

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Re: Best card for spending abroad
« Reply #10 on: March 03, 2017, 11:34:14 AM »
Pleeeze.

They carged me a rate of 1.29. The last time the was 1.29 was in the begining of October = 4.5 months before purchae.
let them know

Offline SearchGuy

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Re: Best card for spending abroad
« Reply #11 on: March 03, 2017, 11:38:44 AM »
What day did it post?

Offline eliraps

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Re: Best card for spending abroad
« Reply #12 on: March 03, 2017, 11:40:36 AM »
Purchase Feb 26
Post Feb 27

Offline Aerial Dag

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Re: Best card for spending abroad
« Reply #13 on: March 03, 2017, 01:00:05 PM »
ugh I've never checked exchange rates on any of my statements. I always assumed it was set by computers so it was right but I guess that's being naive