View Single Post
  #1  
Old 26-03-2013, 07:05 PM
Stardrifter_WA
Life is looking up!

Stardrifter_WA is offline
 
Join Date: Sep 2010
Posts: 2,017
Exchange rates? What ???

Hi All,

I went to the bank today to find out about a Master Card Travel card, where it is loaded with US dollars. This prevents me having to pay an international transaction fee on every purchase if I use my normal card.

However, when I asked how much US dollars would I get if I put $10,000 on this card?

The answer was a little perplexing. For AUD10,000 I get USD10,035

I would have thought that I would get closer to the exchange rate of 1.03 which should make it around USD10,000 but no, the bank only gives you 1.0035, as of today. What a rip off. I mentioned that the exchange rate is 1.03 something, so why don't I get that and bank didn't have an answer.

So, why have an official exchange rate, if you cannot actually buy at that
Reply With Quote