(the higher the line in the chart the more JPY you receive per unit of SGD. However, many of us value the reward structure between any two credit cards (i.e. In the comments below each post were some readers noting how they had switched to exclusively use MasterCard abroad, reaffirming the MasterCard advantage on exchange rates. There is a widely circulated belief that visas foreign currency conversion rates are 1 less favorable than MasterCards. . Amex and visa, which I did not use much, appeared a tiny bit less favorable than. There were only two data points on Amex, both of which beat MC by more than.2. The short answer: MasterCard wins. Looking at the Korean Won was interesting because the exchange rate fluctuated more than 1 within that week. . Does this hidden surcharge really exist, though, or is it an outdated phenomenon as DoC noted? . The assertion is that a savvy consumer should use a MasterCard abroad.
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This topic received a lot of attention recently: In February, View From the Wing titled a post. Fortunately, we had an upcoming vacation in Europe. . The rates from card associations are usually made available to the issuing banks one business day prior to the processing date. A 1 difference would be a big deal its as much as the gap between cash and credit card just a few years ago. . For us consumers, higher better. However, I was able to make a minimum of 2-3 purchases per day using each of Citi Prestige and Chase Hyatt, the main focus of my experiment. . Even in the absence of an explicit foreign transaction fee, this hidden surcharge may cost visas customers more. .
Visa/Mastercard displays their live conversion rates on their respective websites while Amex /diners dont, afaik. Which Card Network has the Best. The resulting exchange rates are illustrated in the chart below. The spread across the Y-axis is 1, and the gap between the dotted lines.1 For us consumers, higher better.