Old Feb 2, 15, 11:19 pm
Join Date: Feb 2001
Programs: IHG Plat, Hilton Gold, Accor Gold, Marriott Silver
Posts: 4,045
Originally Posted by nanirina View Post
And I had questioned Chase on the rate because I checked the rate visa published on their website and Chase didn't use any of the visa rates whether it was day of spend or day of posting.
I hadn't known Visa had its rates online. Interesting to compare.

e.g. Last month USD vs AUD
xe.com: 0.819748
oanda.com: 0.82025
usa.visa.com: 0.829817 (roughly 1.1% above)
xe.com: 0.822350
oanda.com: 0.82180
usa.visa.com: 0.825817 (roughly 0.5% above)

Looks like Mastercard is using a good mid-rate and Visa is adding from 0.5% upwards and then the Chase Visa rate tends to be even worse. It looks to me as though the differences are greatest when currencies are fluctuating, so I suspect Visa is picking the worst rate of the day to use.
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