No FTF cards - does Mastercard still impose 1% fee?
Jul 1, 2015, 2:31 pm
#31
Join Date: May 2012
Posts: 514
I recently did an extensive test and posted my findings in another thread. I repeat part of it here:
During the last few months I did several test foreign transactions (in Brazilian Real, Canadian Dollar, South African Rand, Euro, and UAE Dirham) using either Barclay's Arrival+ or Capital One Venture Miles Visa. I intentionally made each pair of transactions for about the same amount and about the same time (usually with no more than a few seconds gap), once with Barclay's Arrival+ and once with Capital One Venture Miles Visa. Across more than 35 pairs of transactions, Capital One Venture Miles always gave me a better exchange rate for all currencies, with the difference in rate ranging from 0.73% to 1.27%. I decided to stop using my Barclay's Arrival+ card for foreign transactions. (I never used DCC.)
During the last few months I did several test foreign transactions (in Brazilian Real, Canadian Dollar, South African Rand, Euro, and UAE Dirham) using either Barclay's Arrival+ or Capital One Venture Miles Visa. I intentionally made each pair of transactions for about the same amount and about the same time (usually with no more than a few seconds gap), once with Barclay's Arrival+ and once with Capital One Venture Miles Visa. Across more than 35 pairs of transactions, Capital One Venture Miles always gave me a better exchange rate for all currencies, with the difference in rate ranging from 0.73% to 1.27%. I decided to stop using my Barclay's Arrival+ card for foreign transactions. (I never used DCC.)
Jul 1, 2015, 2:58 pm
#32
Join Date: Apr 2014
Posts: 409
Very interesting! This card is quickly becoming my backup backup when traveling abroad.
I recently did an extensive test and posted my findings in another thread. I repeat part of it here:
During the last few months I did several test foreign transactions (in Brazilian Real, Canadian Dollar, South African Rand, Euro, and UAE Dirham) using either Barclay's Arrival+ or Capital One Venture Miles Visa. I intentionally made each pair of transactions for about the same amount and about the same time (usually with no more than a few seconds gap), once with Barclay's Arrival+ and once with Capital One Venture Miles Visa. Across more than 35 pairs of transactions, Capital One Venture Miles always gave me a better exchange rate for all currencies, with the difference in rate ranging from 0.73% to 1.27%. I decided to stop using my Barclay's Arrival+ card for foreign transactions. (I never used DCC.)
During the last few months I did several test foreign transactions (in Brazilian Real, Canadian Dollar, South African Rand, Euro, and UAE Dirham) using either Barclay's Arrival+ or Capital One Venture Miles Visa. I intentionally made each pair of transactions for about the same amount and about the same time (usually with no more than a few seconds gap), once with Barclay's Arrival+ and once with Capital One Venture Miles Visa. Across more than 35 pairs of transactions, Capital One Venture Miles always gave me a better exchange rate for all currencies, with the difference in rate ranging from 0.73% to 1.27%. I decided to stop using my Barclay's Arrival+ card for foreign transactions. (I never used DCC.)