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The 'Best credit cards for KF miles accrual' master thread
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Jun 17, 2012 | 7:22 pm
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keepinitsimple
Join Date:
Mar 2011
Programs:
Krisflyer Gold, Hilton Diamond
Posts:
62
Quote:
Originally Posted by
percysmith
http://info.maybank2u.com.sg/persona...editcards.aspx
http://www.hongkongcard.com/forum/fo...ow.php?id=6982
http://www.corporate.visa.com/pd/con...r_ex_rates.jsp
31 May: SGD2.012346/GBP
8 May: GBP0.507118/SGD
Note Visa has bid-ask spreads as well as fluctuations over time
GBP387 on 31 May is SGD778.79
1.5% fee by Maybank --> SGD790.46
1% fee by Visa (?)
--> SGD798.26
GBP refund on 31 May is SGD763.14
1.5% fee by Maybank to process the refund --> SGD751.86
1% fee by Visa (?) --> SGD744.52
Difference Maybank is allowed to collect: SGD53.74
This is the fee Maybank is not allowed to keep as it is refund. Fluctuations due to GBPSGD rate is ok.
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