Originally Posted by
fallinasleep
Given the c.2% overseas FX surcharge, is using this card still better than paying cash (or using a local credit card) when overseas, assuming drawing HK$100 to DBS$1?
$2.18/mile at $0.1/mile = 4.59% rebate rate, more than covers the 2% FX surcharge. You don't get the wholesale rate (on which the 2% surcharge is charged upon) if you go through a money changer anyway.