FlyerTalk Forums - View Single Post - The 'Best credit cards for KF miles accrual' master thread
Old Jun 17, 2012 | 7:22 pm
  #764  
keepinitsimple
 
Join Date: Mar 2011
Programs: Krisflyer Gold, Hilton Diamond
Posts: 62
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.
keepinitsimple is offline